Alexandria Real Estate Equities, Inc. (ARE) COO Sells $643,900.00 in Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) COO Stephen Richardson sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at $131.89 on Friday. Alexandria Real Estate Equities, Inc. has a 12 month low of $105.74 and a 12 month high of $132.44. The firm has a market capitalization of $12,554.35, a P/E ratio of 22.19 and a beta of 0.84. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.83.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $285.60 million during the quarter, compared to analysts’ expectations of $286.11 million. During the same quarter last year, the business posted $1.39 earnings per share. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.73%. Alexandria Real Estate Equities’s payout ratio is 390.91%.

Several institutional investors have recently bought and sold shares of the stock. New Mexico Educational Retirement Board boosted its stake in shares of Alexandria Real Estate Equities by 1.9% in the third quarter. New Mexico Educational Retirement Board now owns 21,469 shares of the real estate investment trust’s stock valued at $2,554,000 after buying an additional 400 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Alexandria Real Estate Equities by 26.9% in the third quarter. Public Employees Retirement System of Ohio now owns 177,013 shares of the real estate investment trust’s stock valued at $21,059,000 after buying an additional 37,515 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $799,000. Hahn Capital Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the third quarter valued at approximately $10,241,000. Finally, Cetera Investment Advisers boosted its stake in shares of Alexandria Real Estate Equities by 18.1% in the third quarter. Cetera Investment Advisers now owns 7,399 shares of the real estate investment trust’s stock valued at $877,000 after buying an additional 1,135 shares in the last quarter.

Several research analysts have commented on the company. Zacks Investment Research lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $20.37 price target on shares of Alexandria Real Estate Equities in a research report on Monday. Mizuho reaffirmed a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. Bank of America raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price target on the stock in a research report on Monday, December 4th. Finally, National Bank Financial lowered Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $20.00 to $18.00 in a research report on Monday, October 23rd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Alexandria Real Estate Equities has an average rating of “Buy” and an average 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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