Alexandria Real Estate Equities, Inc. (NYSE:ARE) Chairman Joel S. Marcus sold 13,000 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $130.00, for a total transaction of $1,690,000.00. Following the sale, the chairman now owns 611,755 shares of the company’s stock, valued at $79,528,150. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Alexandria Real Estate Equities opened at $122.64 on Thursday, according to Marketbeat. The company has a market capitalization of $12.79 billion, a price-to-earnings ratio of 20.15, a PEG ratio of 3.04 and a beta of 0.80. Alexandria Real Estate Equities, Inc. has a 1-year low of $122.68 and a 1-year high of $124.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.34 and a quick ratio of 0.34.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, April 30th. The real estate investment trust reported $1.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.27). The firm had revenue of $320.10 million during the quarter, compared to the consensus estimate of $317.63 million. Alexandria Real Estate Equities had a return on equity of 4.26% and a net margin of 22.13%. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 earnings per share. equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.58 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Centersquare Investment Management LLC bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth $194,069,000. BlackRock Inc. boosted its position in shares of Alexandria Real Estate Equities by 9.3% during the fourth quarter. BlackRock Inc. now owns 10,163,374 shares of the real estate investment trust’s stock worth $1,327,236,000 after acquiring an additional 867,397 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Alexandria Real Estate Equities by 15.5% during the first quarter. Principal Financial Group Inc. now owns 4,046,501 shares of the real estate investment trust’s stock worth $505,368,000 after acquiring an additional 543,870 shares during the last quarter. Cbre Clarion Securities LLC boosted its position in shares of Alexandria Real Estate Equities by 16.3% during the fourth quarter. Cbre Clarion Securities LLC now owns 3,075,993 shares of the real estate investment trust’s stock worth $401,694,000 after acquiring an additional 431,156 shares during the last quarter. Finally, CI Investments Inc. bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth $37,954,000. Institutional investors and hedge funds own 98.92% of the company’s stock.

Several brokerages recently issued reports on ARE. ValuEngine lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c+” rating to a “b” rating in a research report on Monday, April 30th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research report on Monday, April 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $135.00 price target on shares of Alexandria Real Estate Equities in a research report on Monday, February 12th. Finally, Barclays upped their price target on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 30th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and a consensus price target of $102.34.

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 $17.9 billion and an asset base in North America of 29.6 million SF as of December 31, 2017.

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

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.