Alexandria Real Estate Equities, Inc. (ARE) CEO Joel S. Marcus Sells 27,500 Shares of Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) CEO Joel S. Marcus sold 27,500 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $129.60, for a total transaction of $3,564,000.00. Following the transaction, the chief executive officer now owns 623,936 shares of the company’s stock, valued at $80,862,105.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded up $1.32 during midday trading on Friday, hitting $128.17. 834,900 shares of the stock were exchanged, compared to its average volume of 727,057. The firm has a market capitalization of $12,141.81, a PE ratio of 21.46, a price-to-earnings-growth ratio of 3.61 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.21 and a quick ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1-year low of $105.74 and a 1-year high of $130.46.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Zacks’ consensus estimate of $1.51 by ($0.96). The business had revenue of $285.60 million during the quarter, compared to analyst estimates of $286.11 million. Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. Alexandria Real Estate Equities’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the company earned $1.39 earnings per share. equities research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.81%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, December 28th. Alexandria Real Estate Equities’s dividend payout ratio is 390.91%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Muzinich & Co. Inc. raised its position in shares of Alexandria Real Estate Equities by 30.4% in the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 220 shares during the last quarter. Capital Analysts LLC acquired a new stake in shares of Alexandria Real Estate Equities in the second quarter valued at about $125,000. First Personal Financial Services raised its position in shares of Alexandria Real Estate Equities by 7.9% in the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock valued at $134,000 after buying an additional 81 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $154,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at about $226,000.

A number of equities analysts have weighed in on the stock. Bank of America upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price objective for the company in a research report on Monday. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Mizuho restated a “buy” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. National Bank Financial cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research report on Monday, October 23rd. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $113.17.

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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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