Insider Traded:: Alexandria Real Estate Equities Inc (ARE) Insider Sold 10,000 Shares of Shares

Insider Traded:: Alexandria Real Estate Equities Inc (ARE) Insider Sold 10,000 Shares of Shares

Alexandria Real Estate Equities Inc (NYSE:ARE) insider Joel S. Marcus sold 10,000 shares of the stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $130.01, for a total value of $1,300,100.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

ARE traded up $1.33 during mid-day trading on Monday, hitting $133.70. 751,428 shares of the stock were exchanged, compared to its average volume of 723,744. Alexandria Real Estate Equities Inc has a 1-year low of $109.04 and a 1-year high of $133.76. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.70. The firm has a market cap of $14.92 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 3.14 and a beta of 0.91.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($1.99). The company had revenue of $340.50 million during the quarter, compared to analyst estimates of $348.01 million. Alexandria Real Estate Equities had a net margin of 28.57% and a return on equity of 5.28%. Alexandria Real Estate Equities’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.53 EPS. On average, research analysts forecast that Alexandria Real Estate Equities Inc will post 6.94 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a $0.97 dividend. The ex-dividend date of this dividend was Friday, December 28th. This represents a $3.88 dividend on an annualized basis and a yield of 2.90%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 58.79%.

ARE has been the topic of several research reports. CIBC reissued a “buy” rating and set a $23.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 15th. Evercore ISI set a $148.00 target price on Alexandria Real Estate Equities and gave the stock a “buy” rating in a research note on Monday, October 15th. Royal Bank of Canada raised Alexandria Real Estate Equities from an “outperform” rating to a “top pick” rating in a research note on Friday, December 14th. Citigroup raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and increased their target price for the stock from $133.00 to $144.00 in a research note on Monday, December 3rd. Finally, ValuEngine lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $108.88.

A number of hedge funds have recently bought and sold shares of ARE. We Are One Seven LLC acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at about $59,000. SRS Capital Advisors Inc. raised its position in Alexandria Real Estate Equities by 53.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 239 shares in the last quarter. Loeb Partners Corp acquired a new stake in Alexandria Real Estate Equities in the 4th quarter valued at about $115,000. ETF Managers Group LLC raised its position in Alexandria Real Estate Equities by 18.6% in the 4th quarter. ETF Managers Group LLC now owns 1,069 shares of the real estate investment trust’s stock valued at $123,000 after purchasing an additional 168 shares in the last quarter. Finally, Exane Derivatives raised its position in Alexandria Real Estate Equities by 2,442.2% in the 4th quarter. Exane Derivatives now owns 1,627 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 1,563 shares in the last quarter.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust (“REIT”) uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $19.1 billion and an asset base in North America of 32.2 million square feet (“SF”) as of September 30, 2018.

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