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.
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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