Alexandria Real Estate Equities, Inc. (NYSE:ARE) CEO Joel S. Marcus sold 15,500 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total transaction of $1,877,980.00. Following the transaction, the chief executive officer now owns 689,436 shares of the company’s stock, valued at $83,532,065.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.19% during mid-day trading on Thursday, hitting $121.67. 350,441 shares of the company traded hands. The stock has a market capitalization of $11.39 billion, a PE ratio of 274.65 and a beta of 0.86. The firm’s 50 day moving average price is $120.32 and its 200-day moving average price is $116.38. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting analysts’ consensus estimates of $1.50. The company had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.36 EPS. On average, equities research analysts forecast that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current year.

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Several research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Wednesday, August 9th. TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Finally, Barclays PLC boosted their price objective on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $124.50.

A number of large investors have recently made changes to their positions in ARE. Exxonmobil Investment Management Inc. TX purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $2,181,000. Gulf International Bank UK Ltd raised its stake in shares of Alexandria Real Estate Equities by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 25,705 shares of the real estate investment trust’s stock worth $2,840,000 after buying an additional 385 shares during the period. Atria Investments LLC raised its stake in shares of Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock worth $262,000 after buying an additional 117 shares during the period. Gateway Investment Advisers LLC purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $622,000. Finally, Duff & Phelps Investment Management Co. purchased a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $55,895,000.

About Alexandria Real Estate Equities

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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