Alexandria Real Estate Equities, Inc. (NYSE:ARE) COO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $120.56, for a total value of $904,200.00. Following the sale, the chief operating officer now directly owns 136,972 shares of the company’s stock, valued at approximately $16,513,344.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Stephen Richardson also recently made the following trade(s):

  • On Wednesday, May 17th, Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock. The shares were sold at an average price of $117.51, for a total value of $881,325.00.

Alexandria Real Estate Equities, Inc. (ARE) traded down 0.78% on Thursday, reaching $119.89. The company’s stock had a trading volume of 352,880 shares. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The firm has a market cap of $11.22 billion, a PE ratio of 270.63 and a beta of 0.86. The stock’s 50 day moving average price is $120.29 and its 200 day moving average price is $116.11.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business had revenue of $273.10 million for the quarter, compared to analyst estimates of $277.40 million. During the same period last year, the company earned $1.36 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 20.8% compared to the same quarter last year. Equities research analysts expect that Alexandria Real Estate Equities, Inc. will post $1.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.86 per share. This represents a $3.44 annualized dividend and a yield of 2.87%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend was Wednesday, June 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

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A number of institutional investors have recently bought and sold shares of ARE. Mn Services Vermogensbeheer B.V. raised its position in Alexandria Real Estate Equities by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 100 shares during the last quarter. Nationwide Fund Advisors raised its position in Alexandria Real Estate Equities by 65.3% in the first quarter. Nationwide Fund Advisors now owns 229,711 shares of the real estate investment trust’s stock valued at $25,388,000 after buying an additional 90,781 shares during the last quarter. State of Alaska Department of Revenue raised its position in Alexandria Real Estate Equities by 54.1% in the first quarter. State of Alaska Department of Revenue now owns 45,579 shares of the real estate investment trust’s stock valued at $5,036,000 after buying an additional 16,009 shares during the last quarter. Hartford Investment Management Co. bought a new position in Alexandria Real Estate Equities during the first quarter valued at about $2,231,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Alexandria Real Estate Equities during the first quarter valued at about $519,000.

A number of research firms recently commented on ARE. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Barclays PLC boosted their price target on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. BidaskClub downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Finally, TheStreet raised Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and a consensus target price of $122.57.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

Insider Buying and Selling by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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