Traders Purchase High Volume of Call Options on Alexandria Real Estate Equities (ARE)

Alexandria Real Estate Equities Inc (NYSE:ARE) was the recipient of some unusual options trading on Thursday. Stock traders purchased 806 call options on the stock. This represents an increase of approximately 1,450% compared to the typical daily volume of 52 call options.

A number of equities analysts have commented on the company. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Canaccord Genuity restated 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. Mitsubishi UFJ Financial Group raised their target price on Alexandria Real Estate Equities to $132.00 and gave the company a “neutral” rating in a report on Thursday, March 7th. Finally, Barclays downgraded Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $130.00 to $136.00 in a report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $111.38.

Shares of NYSE ARE traded down $0.29 during mid-day trading on Friday, hitting $146.19. 11,873 shares of the stock traded hands, compared to its average volume of 669,907. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.71. Alexandria Real Estate Equities has a twelve month low of $109.04 and a twelve month high of $147.59. The company has a market cap of $16.44 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 4.85 and a beta of 0.90.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.68 by ($0.57). Alexandria Real Estate Equities had a net margin of 27.29% and a return on equity of 4.91%. The firm had revenue of $358.80 million for the quarter, compared to analyst estimates of $356.93 million. During the same period last year, the business earned $1.62 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. On average, research analysts anticipate that Alexandria Real Estate Equities will post 6.96 earnings per share for the current fiscal year.

In other Alexandria Real Estate Equities news, CEO Stephen Richardson sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $135.37, for a total transaction of $1,353,700.00. Following the transaction, the chief executive officer now owns 182,475 shares in the company, valued at approximately $24,701,640.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $142.39, for a total value of $3,559,750.00. Following the transaction, the chairman now owns 522,312 shares in the company, valued at approximately $74,372,005.68. The disclosure for this sale can be found here. Insiders sold 77,551 shares of company stock worth $10,899,815 in the last 90 days. Corporate insiders own 1.43% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB raised its position in shares of Alexandria Real Estate Equities by 0.6% during the 1st quarter. Xact Kapitalforvaltning AB now owns 13,455 shares of the real estate investment trust’s stock valued at $1,918,000 after purchasing an additional 83 shares during the period. ETF Managers Group LLC boosted its stake in shares of Alexandria Real Estate Equities by 8.9% during the 1st quarter. ETF Managers Group LLC now owns 1,164 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 95 shares during the period. Cigna Investments Inc. New boosted its stake in shares of Alexandria Real Estate Equities by 3.6% during the 4th quarter. Cigna Investments Inc. New now owns 3,185 shares of the real estate investment trust’s stock worth $367,000 after purchasing an additional 110 shares during the period. Quadrant Capital Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 0.8% during the 4th quarter. Quadrant Capital Management LLC now owns 13,452 shares of the real estate investment trust’s stock worth $1,550,000 after purchasing an additional 111 shares during the period. Finally, KBC Group NV boosted its stake in shares of Alexandria Real Estate Equities by 0.6% during the 4th quarter. KBC Group NV now owns 20,651 shares of the real estate investment trust’s stock worth $2,380,000 after purchasing an additional 115 shares during the period. 97.96% of the stock is currently owned by institutional investors.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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