Insider Selling: Alexandria Real Estate Equities Inc (ARE) CEO Sells 3,721 Shares of Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) CEO Peter M. Moglia sold 3,721 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $141.44, for a total transaction of $526,298.24. Following the sale, the chief executive officer now owns 179,133 shares of the company’s stock, valued at $25,336,571.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE:ARE traded down $0.53 during trading on Tuesday, reaching $139.69. The stock had a trading volume of 625,414 shares, compared to its average volume of 734,578. Alexandria Real Estate Equities Inc has a 52 week low of $109.04 and a 52 week high of $142.14. The firm has a market cap of $15.84 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 4.60 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 quarterly earnings results on Monday, February 4th. The real estate investment trust reported ($0.30) EPS for the quarter, missing the Zacks’ 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 firm had revenue of $340.50 million during the quarter, compared to the consensus estimate of $348.01 million. During the same period in the prior year, the business earned $1.53 EPS. The company’s revenue for the quarter was up 14.0% compared to the same quarter last year. Research analysts predict that Alexandria Real Estate Equities Inc will post 6.96 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date is Thursday, March 28th. Alexandria Real Estate Equities’s dividend payout ratio is 58.79%.

Large investors have recently added to or reduced their stakes in the company. Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at approximately $32,000. We Are One Seven LLC bought a new position in Alexandria Real Estate Equities during the fourth quarter worth $59,000. SRS Capital Advisors Inc. increased 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 acquiring an additional 239 shares during the period. Loeb Partners Corp acquired a new stake in Alexandria Real Estate Equities during the fourth quarter worth $115,000. Finally, ETF Managers Group LLC boosted its stake 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 buying an additional 168 shares in the last quarter. 98.33% of the stock is currently owned by institutional investors.

Several analysts recently commented on the stock. ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, December 6th. Barclays decreased their price target on shares of Alexandria Real Estate Equities from $126.00 to $125.00 and set an “overweight” rating for the company in a report on Monday, December 3rd. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Canaccord Genuity reaffirmed an “average” rating and set a $25.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, March 7th. Finally, Citigroup raised shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and raised their price objective for the company from $133.00 to $144.00 in a research report on Monday, December 3rd. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $110.00.

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About Alexandria Real Estate Equities

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

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