James H. Richardson Sells 3,000 Shares of Alexandria Real Estate Equities Inc (ARE) Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) Director James H. Richardson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $141.46, for a total transaction of $424,380.00. Following the completion of the sale, the director now owns 48,000 shares of the company’s stock, valued at approximately $6,790,080. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Alexandria Real Estate Equities stock traded down $1.34 during trading hours on Friday, reaching $140.52. 2,371,327 shares of the company’s stock were exchanged, compared to its average volume of 736,675. Alexandria Real Estate Equities Inc has a 1 year low of $109.04 and a 1 year high of $142.14. The firm has a market capitalization of $15.80 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 4.59 and a beta of 0.92. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.70.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($1.99). Alexandria Real Estate Equities had a return on equity of 5.28% and a net margin of 28.57%. The business had revenue of $340.50 million for the quarter, compared to analysts’ expectations of $348.01 million. During the same period in the previous year, the company earned $1.53 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, research analysts anticipate that Alexandria Real Estate Equities Inc will post 6.96 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Thursday, March 28th. Alexandria Real Estate Equities’s dividend payout ratio is currently 58.79%.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its holdings in shares of Alexandria Real Estate Equities by 52.0% in the fourth quarter. American Century Companies Inc. now owns 431,326 shares of the real estate investment trust’s stock valued at $49,706,000 after purchasing an additional 147,501 shares during the period. Norges Bank purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $99,599,000. Kentucky Retirement Systems purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $539,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $245,000. Finally, Nordea Investment Management AB grew its holdings in shares of Alexandria Real Estate Equities by 5.0% in the fourth quarter. Nordea Investment Management AB now owns 307,269 shares of the real estate investment trust’s stock valued at $35,409,000 after purchasing an additional 14,521 shares during the period. 98.38% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on ARE shares. CIBC reiterated a “buy” rating and set a $23.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, January 15th. Royal Bank of Canada raised shares of Alexandria Real Estate Equities from an “outperform” rating to a “top pick” rating in a research report on Friday, December 14th. ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Citigroup raised shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and upped their price objective for the company from $133.00 to $144.00 in a report on Monday, December 3rd. Finally, Canaccord Genuity reiterated an “average” rating and issued a $24.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, December 18th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $110.00.

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Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.4 billion and an asset base in North America of 33.1 million square feet ("SF") as of December 31, 2018.

Further Reading: What is Net Asset Value (NAV)?

Insider Buying and Selling by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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