Alexandria Real Estate Equities Inc (NYSE:ARE) CEO Sells $614,428.32 in Stock

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Alexandria Real Estate Equities Inc (NYSE:ARE) CEO Peter M. Moglia sold 4,917 shares of the business’s stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $124.96, for a total transaction of $614,428.32. Following the completion of the sale, the chief executive officer now owns 114,200 shares in the company, valued at $14,270,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Alexandria Real Estate Equities traded up $1.96, hitting $127.66, on Thursday, according to MarketBeat.com. 599,867 shares of the company were exchanged, compared to its average volume of 690,282. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.78. The company has a market cap of $12.90 billion, a PE ratio of 21.21, a PEG ratio of 3.06 and a beta of 0.82. Alexandria Real Estate Equities Inc has a twelve month low of $114.00 and a twelve month high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $1.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.27). The company had revenue of $320.10 million for the quarter, compared to analyst estimates of $317.63 million. Alexandria Real Estate Equities had a return on equity of 4.26% and a net margin of 22.13%. Alexandria Real Estate Equities’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.48 EPS. research analysts forecast that Alexandria Real Estate Equities Inc will post 6.59 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be issued a dividend of $0.93 per share. This represents a $3.72 annualized dividend and a yield of 2.91%. The ex-dividend date is Thursday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.90. Alexandria Real Estate Equities’s payout ratio is presently 59.80%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its stake in Alexandria Real Estate Equities by 9.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,091,462 shares of the real estate investment trust’s stock valued at $142,535,000 after acquiring an additional 90,250 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its stake in Alexandria Real Estate Equities by 1.5% during the 4th quarter. Chevy Chase Trust Holdings Inc. now owns 83,720 shares of the real estate investment trust’s stock valued at $10,933,000 after acquiring an additional 1,263 shares in the last quarter. SG Americas Securities LLC grew its stake in Alexandria Real Estate Equities by 83.7% during the 4th quarter. SG Americas Securities LLC now owns 32,421 shares of the real estate investment trust’s stock valued at $4,234,000 after acquiring an additional 14,773 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new position in Alexandria Real Estate Equities during the 4th quarter valued at about $589,000. Finally, BB&T Corp grew its stake in Alexandria Real Estate Equities by 3.6% during the 4th quarter. BB&T Corp now owns 13,877 shares of the real estate investment trust’s stock valued at $1,813,000 after acquiring an additional 484 shares in the last quarter. Hedge funds and other institutional investors own 98.97% of the company’s stock.

Several brokerages have commented on ARE. ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Friday, April 13th. JPMorgan Chase & Co. boosted their price target on shares of Alexandria Real Estate Equities from $130.00 to $131.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 22nd. Finally, TheStreet upgraded shares of Alexandria Real Estate Equities from a “c+” rating to a “b” rating in a research report on Monday, April 30th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $105.92.

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 30.2 million SF as of March 31, 2018.

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

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