Alexandria Real Estate Equities Inc (ARE) CFO Sells $3,631,090.00 in Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) CFO Dean A. Shigenaga sold 29,000 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $125.21, for a total value of $3,631,090.00. Following the completion of the sale, the chief financial officer now directly owns 147,864 shares in the company, valued at approximately $18,514,051.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alexandria Real Estate Equities Inc (NYSE:ARE) traded down $4.24 during trading hours on Monday, hitting $119.88. The company had a trading volume of 852,131 shares, compared to its average volume of 850,272. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $12,565.77, a P/E ratio of 76.36, a P/E/G ratio of 2.81 and a beta of 0.79. Alexandria Real Estate Equities Inc has a twelve month low of $106.89 and a twelve month high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($1.16). The business had revenue of $298.79 million for the quarter, compared to analyst estimates of $293.63 million. Alexandria Real Estate Equities had a return on equity of 3.08% and a net margin of 14.77%. Alexandria Real Estate Equities’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $1.42 EPS. research analysts anticipate that Alexandria Real Estate Equities Inc will post 6.56 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Shareholders of record on Friday, December 29th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. Alexandria Real Estate Equities’s payout ratio is 229.30%.

A number of research firms recently issued reports on ARE. Barclays lifted their target price on Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $143.00 target price on the stock in a research report on Tuesday, January 23rd. Mizuho reaffirmed a “buy” rating and issued a $140.00 target price on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. Bank of America lifted their target price on Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a research report on Monday, November 6th. Finally, National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $20.00 to $18.00 in a research report on Monday, October 23rd. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $101.48.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Piedmont Investment Advisors LLC increased its position in Alexandria Real Estate Equities by 0.3% during the second quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock worth $342,000 after buying an additional 8 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in Alexandria Real Estate Equities by 1.2% during the second quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock worth $249,000 after buying an additional 25 shares during the last quarter. Millie Capital Management LLC increased its position in Alexandria Real Estate Equities by 0.8% during the second quarter. Millie Capital Management LLC now owns 23,973 shares of the real estate investment trust’s stock worth $2,888,000 after buying an additional 186 shares during the last quarter. New Mexico Educational Retirement Board increased its position in Alexandria Real Estate Equities by 1.9% during the third quarter. New Mexico Educational Retirement Board now owns 21,469 shares of the real estate investment trust’s stock worth $2,554,000 after buying an additional 400 shares during the last quarter. Finally, Aperio Group LLC increased its position in Alexandria Real Estate Equities by 2.5% during the fourth quarter. Aperio Group LLC now owns 19,296 shares of the real estate investment trust’s stock worth $2,520,000 after buying an additional 470 shares during the last quarter. 96.48% of the stock is currently owned by hedge funds and other institutional investors.

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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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