Insider Selling: Alexandria Real Estate Equities Inc (NYSE:ARE) Director Sells 1,103 Shares of Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) Director Richard Hunter Klein sold 1,103 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $142.50, for a total transaction of $157,177.50. Following the sale, the director now owns 10,617 shares of the company’s stock, valued at approximately $1,512,922.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of NYSE:ARE traded up $0.95 on Friday, hitting $143.32. The company had a trading volume of 285,445 shares, compared to its average volume of 675,072. Alexandria Real Estate Equities Inc has a 1-year low of $109.04 and a 1-year high of $144.46. The company has a market cap of $15.88 billion, a P/E ratio of 21.72, a P/E/G ratio of 4.60 and a beta of 0.92. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.29 and a quick ratio of 0.29.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, February 4th. The real estate investment trust reported ($0.30) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($1.99). Alexandria Real Estate Equities had a net margin of 28.57% and a return on equity of 5.28%. The company had revenue of $340.50 million during the quarter, compared to analyst estimates of $348.01 million. During the same quarter in the prior year, the firm earned $1.53 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 14.0% on a year-over-year basis. As a group, equities research analysts expect that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.97 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $3.88 annualized dividend and a dividend yield of 2.71%. Alexandria Real Estate Equities’s dividend payout ratio is currently 58.79%.

Large investors have recently added to or reduced their stakes in the business. Riverview Trust Co bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $32,000. We Are One Seven LLC bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $59,000. SRS Capital Advisors Inc. lifted its position in Alexandria Real Estate Equities by 53.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 239 shares during the period. Loeb Partners Corp bought a new stake in Alexandria Real Estate Equities during the fourth quarter worth about $115,000. Finally, ETF Managers Group LLC lifted its position in Alexandria Real Estate Equities by 18.6% during the fourth quarter. ETF Managers Group LLC now owns 1,069 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 168 shares during the period. Hedge funds and other institutional investors own 98.65% of the company’s stock.

ARE has been the topic of several recent analyst reports. Barclays lowered shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $130.00 to $136.00 in a research note on Thursday, April 4th. Mitsubishi UFJ Financial Group lifted their price objective on shares of Alexandria Real Estate Equities to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Canaccord Genuity reissued an “average” rating and set a $25.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $152.00 price target on the stock in a research note on Monday, March 4th. Finally, ValuEngine raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $111.38.

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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.

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