Alexandria Real Estate Equities Inc (NYSE:ARE) CFO Dean A. Shigenaga sold 29,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $125.21, for a total value of $3,631,090.00. Following the completion of the sale, the chief financial officer now owns 147,864 shares of the company’s stock, valued at $18,514,051.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Alexandria Real Estate Equities Inc (NYSE ARE) opened at $119.88 on Tuesday. Alexandria Real Estate Equities Inc has a 52-week low of $106.89 and a 52-week high of $134.37. The company has a market capitalization of $12,130.00, a price-to-earnings ratio of 76.36, a PEG ratio of 2.81 and a beta of 0.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.38 and a current ratio of 0.38.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, January 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($1.16). Alexandria Real Estate Equities had a net margin of 14.77% and a return on equity of 3.08%. The company had revenue of $298.79 million for the quarter, compared to analyst estimates of $293.63 million. During the same quarter last year, the company posted $1.42 EPS. Alexandria Real Estate Equities’s revenue was up 19.9% on a year-over-year basis. sell-side analysts forecast that Alexandria Real Estate Equities Inc will post 6.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Thursday, December 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. Alexandria Real Estate Equities’s dividend payout ratio is 229.30%.

Large investors have recently made changes to their positions in the company. Crossmark Global Holdings Inc. raised its stake in Alexandria Real Estate Equities by 14.6% during the 4th quarter. Crossmark Global Holdings Inc. now owns 7,968 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 1,018 shares during the period. Main Street Research LLC raised its stake in Alexandria Real Estate Equities by 0.9% during the 4th quarter. Main Street Research LLC now owns 95,572 shares of the real estate investment trust’s stock valued at $12,481,000 after purchasing an additional 875 shares during the period. Stephens Inc. AR raised its stake in Alexandria Real Estate Equities by 1.2% during the 4th quarter. Stephens Inc. AR now owns 72,757 shares of the real estate investment trust’s stock valued at $9,501,000 after purchasing an additional 854 shares during the period. Public Employees Retirement Association of Colorado raised its stake in Alexandria Real Estate Equities by 3.9% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 17,911 shares of the real estate investment trust’s stock valued at $2,339,000 after purchasing an additional 668 shares during the period. Finally, Resolution Capital Ltd raised its stake in Alexandria Real Estate Equities by 3.6% during the 4th quarter. Resolution Capital Ltd now owns 1,033,381 shares of the real estate investment trust’s stock valued at $134,949,000 after purchasing an additional 35,805 shares during the period. Institutional investors own 96.48% of the company’s stock.

A number of equities research analysts have weighed in on ARE shares. Canaccord Genuity restated a “buy” rating and issued a $20.37 target price on shares of Alexandria Real Estate Equities in a research report on Monday, December 11th. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a research report on Monday, December 4th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Tuesday, January 16th. Mizuho reiterated a “buy” rating and set a $140.00 price objective on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $101.48.

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Alexandria Real Estate Equities Company Profile

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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