Alexandria Real Estate Equities Inc (NYSE:ARE) insider Vincent Ciruzzi sold 5,933 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $151.20, for a total transaction of $897,069.60. Following the completion of the transaction, the insider now directly owns 39,499 shares in the company, valued at $5,972,248.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of ARE traded up $1.05 during trading hours on Thursday, reaching $153.38. 858,157 shares of the stock traded hands, compared to its average volume of 742,359. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.76. The stock has a fifty day simple moving average of $147.30 and a 200 day simple moving average of $144.25. Alexandria Real Estate Equities Inc has a 52 week low of $109.04 and a 52 week high of $154.42. The company has a market cap of $17.30 billion, a price-to-earnings ratio of 23.24, a PEG ratio of 4.58 and a beta of 0.74.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($1.04). Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. The firm had revenue of $373.90 million for the quarter, compared to the consensus estimate of $366.81 million. During the same period in the previous year, the business earned $1.64 earnings per share. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. Analysts predict that Alexandria Real Estate Equities Inc will post 6.98 earnings per share for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $1.00 per share. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, September 27th. Alexandria Real Estate Equities’s payout ratio is currently 60.61%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB increased its holdings in Alexandria Real Estate Equities by 0.6% during the first quarter. Xact Kapitalforvaltning AB now owns 13,455 shares of the real estate investment trust’s stock worth $1,918,000 after buying an additional 83 shares during the last quarter. Signaturefd LLC increased its holdings in Alexandria Real Estate Equities by 19.2% during the second quarter. Signaturefd LLC now owns 541 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 87 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in Alexandria Real Estate Equities by 65.9% during the second quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 89 shares during the last quarter. ETF Managers Group LLC increased its holdings in Alexandria Real Estate Equities by 8.9% during the first quarter. ETF Managers Group LLC now owns 1,164 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 95 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in Alexandria Real Estate Equities by 6.9% during the second quarter. Municipal Employees Retirement System of Michigan now owns 1,550 shares of the real estate investment trust’s stock worth $219,000 after buying an additional 100 shares during the last quarter. 98.65% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the stock. Citigroup raised their price objective on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Thursday, May 16th. GMP Securities reissued an “average” rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, August 1st. JPMorgan Chase & Co. raised their price target on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Finally, ValuEngine lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Eight analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Alexandria Real Estate Equities has a consensus rating of “Hold” and a consensus target price of $115.36.

Alexandria Real Estate Equities Company Profile

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

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