Alexandria Real Estate Equities Inc (NYSE:ARE) CFO Sells $3,631,090.00 in Stock

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

Alexandria Real Estate Equities Inc (NYSE ARE) traded up $0.49 on Thursday, hitting $120.55. 36,648 shares of the company traded hands, compared to its average volume of 833,324. Alexandria Real Estate Equities Inc has a twelve month low of $106.89 and a twelve month high of $134.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.38. The firm has a market capitalization of $12,185.11, a PE ratio of 76.86, a PEG ratio of 2.72 and a beta of 0.79.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, January 29th. The real estate investment trust reported $0.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $298.79 million during the quarter, compared to analysts’ expectations of $293.63 million. During the same quarter in the previous year, the business posted $1.42 EPS. The company’s quarterly revenue was up 19.9% on a year-over-year basis. research analysts expect that Alexandria Real Estate Equities Inc will post 6.56 earnings per share for the current year.

ARE has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, October 23rd. National Bank Financial downgraded shares of Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $20.00 to $18.00 in a report on Monday, October 23rd. Mizuho reissued a “buy” rating and issued a $140.00 price objective on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, Bank of America increased their price objective on shares of Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $105.67.

Several institutional investors and hedge funds have recently bought and sold shares of ARE. BlackRock Inc. raised its stake 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 valued at $1,327,236,000 after purchasing an additional 867,397 shares during the period. Janus Henderson Group PLC raised its stake in shares of Alexandria Real Estate Equities by 724.8% during the second quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock valued at $114,975,000 after purchasing an additional 838,568 shares during the period. AMP Capital Investors Ltd increased its stake in shares of Alexandria Real Estate Equities by 91.1% in the third quarter. AMP Capital Investors Ltd now owns 1,011,892 shares of the real estate investment trust’s stock worth $120,385,000 after buying an additional 482,400 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Alexandria Real Estate Equities by 14.5% in the third quarter. Principal Financial Group Inc. now owns 3,475,698 shares of the real estate investment trust’s stock worth $413,502,000 after buying an additional 440,716 shares during the last quarter. Finally, Cbre Clarion Securities LLC increased its stake in shares of Alexandria Real Estate Equities by 16.3% in 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 buying an additional 431,156 shares during the last quarter. Institutional investors own 96.28% of the company’s stock.

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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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