Alexandria Real Estate Equities, Inc. (NYSE:ARE) COO Stephen Richardson sold 5,000 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $128.78, for a total value of $643,900.00. Following the transaction, the chief operating officer now directly owns 131,972 shares in the company, valued at approximately $16,995,354.16. The transaction was disclosed in a filing with the SEC, which is available at this link.

Alexandria Real Estate Equities, Inc. (ARE) traded up $0.19 on Tuesday, hitting $130.19. The stock had a trading volume of 447,900 shares, compared to its average volume of 725,335. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $105.74 and a fifty-two week high of $130.54. The stock has a market cap of $12,540.00, a P/E ratio of 22.00 and a beta of 0.84. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The business had revenue of $285.60 million during the quarter, compared to analysts’ expectations of $286.11 million. During the same quarter in the previous year, the company posted $1.39 EPS. The company’s revenue was up 24.0% compared to the same quarter last year. analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.90 dividend. The ex-dividend date is Thursday, December 28th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.77%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. Alexandria Real Estate Equities’s dividend payout ratio is presently 390.91%.

A number of large investors have recently added to or reduced their stakes in ARE. NGAM Advisors L.P. grew its stake in Alexandria Real Estate Equities by 4.1% during the 2nd quarter. NGAM Advisors L.P. now owns 13,213 shares of the real estate investment trust’s stock worth $1,592,000 after buying an additional 524 shares during the last quarter. IFP Advisors Inc grew its stake in Alexandria Real Estate Equities by 510.9% during the 2nd quarter. IFP Advisors Inc now owns 1,906 shares of the real estate investment trust’s stock worth $230,000 after buying an additional 1,594 shares during the last quarter. Pictet Asset Management Ltd. grew its stake in Alexandria Real Estate Equities by 3.6% during the 2nd quarter. Pictet Asset Management Ltd. now owns 48,400 shares of the real estate investment trust’s stock worth $5,647,000 after buying an additional 1,700 shares during the last quarter. Global X Management Co. LLC grew its stake in Alexandria Real Estate Equities by 72.0% during the 2nd quarter. Global X Management Co. LLC now owns 2,830 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 1,185 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 13.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 914,702 shares of the real estate investment trust’s stock worth $110,195,000 after buying an additional 111,222 shares during the last quarter.

Several research firms recently issued reports on ARE. BidaskClub raised Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Canaccord Genuity restated a “buy” rating and set a $20.37 price target on shares of Alexandria Real Estate Equities in a report on Monday. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price target on the stock in a report on Monday, December 4th. Finally, Mizuho restated a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $99.91.

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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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