Alexandria Real Estate Equities, Inc. (NYSE:ARE) COO Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $120.56, for a total value of $904,200.00. Following the completion of the sale, the chief operating officer now owns 136,972 shares in the company, valued at $16,513,344.32. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Stephen Richardson also recently made the following trade(s):

  • On Wednesday, May 17th, Stephen Richardson sold 7,500 shares of Alexandria Real Estate Equities stock. The stock was sold at an average price of $117.51, for a total value of $881,325.00.

Alexandria Real Estate Equities, Inc. (NYSE:ARE) traded down 0.78% on Thursday, hitting $119.89. The stock had a trading volume of 352,880 shares. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89. The firm has a market capitalization of $11.22 billion, a price-to-earnings ratio of 270.63 and a beta of 0.86. The stock’s 50-day moving average is $120.29 and its 200 day moving average is $116.11.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The company had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter in the prior year, the firm earned $1.36 earnings per share. Alexandria Real Estate Equities’s revenue was up 20.8% compared to the same quarter last year. On average, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post $1.45 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $0.86 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.44 annualized dividend and a yield of 2.87%. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. Alexandria Real Estate Equities’s dividend payout ratio is 860.02%.

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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday. BidaskClub lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Wednesday. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Finally, Barclays PLC lifted their price objective on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $122.57.

Hedge funds have recently made changes to their positions in the stock. Perigon Wealth Management LLC boosted its stake in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 790 shares during the period. First Personal Financial Services boosted its stake in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 229 shares during the period. Capital Analysts LLC bought a new stake in shares of Alexandria Real Estate Equities during the second quarter valued at about $125,000. Invictus RG bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $133,000. Finally, Victory Capital Management Inc. bought a new stake in shares of Alexandria Real Estate Equities during the first quarter valued at about $179,000.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

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

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