Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total transaction of $602,900.00. Following the transaction, the executive vice president now owns 158,000 shares of the company’s stock, valued at approximately $19,051,640. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.24% during mid-day trading on Thursday, hitting $120.10. 526,152 shares of the stock traded hands. The firm has a market capitalization of $11.24 billion, a P/E ratio of 271.11 and a beta of 0.87. The company has a 50-day moving average of $120.71 and a 200 day moving average of $117.14. 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 announced its quarterly 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. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. During the same quarter last year, the firm posted $1.36 earnings per share. The firm’s revenue was up 20.8% on a year-over-year basis. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 29th will be issued a $0.86 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $3.44 dividend on an annualized basis and a yield of 2.86%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 860.02%.

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Several research firms have issued reports on ARE. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Tuesday, July 18th. Finally, Barclays PLC lifted their price objective on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $124.60.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Alexandria Real Estate Equities by 6.6% in the second quarter. Vanguard Group Inc. now owns 15,723,151 shares of the real estate investment trust’s stock worth $1,894,168,000 after purchasing an additional 970,646 shares in the last quarter. BlackRock Inc. raised its holdings in Alexandria Real Estate Equities by 5.5% in the second quarter. BlackRock Inc. now owns 8,810,925 shares of the real estate investment trust’s stock worth $1,061,452,000 after purchasing an additional 460,698 shares in the last quarter. State Street Corp raised its holdings in Alexandria Real Estate Equities by 0.6% in the second quarter. State Street Corp now owns 4,999,505 shares of the real estate investment trust’s stock worth $602,286,000 after purchasing an additional 30,229 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Alexandria Real Estate Equities by 19.5% in the second quarter. Principal Financial Group Inc. now owns 3,034,982 shares of the real estate investment trust’s stock worth $365,624,000 after purchasing an additional 494,964 shares in the last quarter. Finally, Cbre Clarion Securities LLC raised its holdings in Alexandria Real Estate Equities by 67.5% in the second quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock worth $270,380,000 after purchasing an additional 904,575 shares in the last quarter.

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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