James P. Cain Sells 450 Shares of Alexandria Real Estate Equities Inc (ARE) Stock

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Alexandria Real Estate Equities Inc (NYSE:ARE) Director James P. Cain sold 450 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $122.23, for a total transaction of $55,003.50. Following the transaction, the director now directly owns 3,040 shares of the company’s stock, valued at $371,579.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of ARE stock opened at $123.24 on Wednesday. Alexandria Real Estate Equities Inc has a 12 month low of $114.00 and a 12 month high of $134.37. The company has a market cap of $12.92 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.97 and a beta of 0.69. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.27 and a quick ratio of 0.27.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, October 29th. The real estate investment trust reported $1.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $1.50. Alexandria Real Estate Equities had a net margin of 34.48% and a return on equity of 6.50%. The business had revenue of $341.80 million during the quarter, compared to analysts’ expectations of $343.42 million. During the same period in the prior year, the company earned $1.51 earnings per share. The firm’s revenue was up 19.7% on a year-over-year basis. As a group, research analysts predict that Alexandria Real Estate Equities Inc will post 6.6 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a dividend of $0.93 per share. The ex-dividend date was Thursday, September 27th. This represents a $3.72 dividend on an annualized basis and a yield of 3.02%. Alexandria Real Estate Equities’s dividend payout ratio is currently 61.79%.

Hedge funds have recently made changes to their positions in the business. Advisors Preferred LLC increased its holdings in Alexandria Real Estate Equities by 142.3% during the second quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 505 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $164,000. NumerixS Investment Technologies Inc purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $177,000. Advisor Partners LLC purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $205,000. Finally, Private Advisor Group LLC purchased a new stake in Alexandria Real Estate Equities during the second quarter valued at approximately $206,000.

ARE has been the subject of several research reports. Citigroup boosted their price objective on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Barclays boosted their price objective on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the company an “overweight” rating in a report on Tuesday, July 17th. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective for the company in a report on Monday, October 29th. Finally, Evercore ISI set a $148.00 price objective on shares of Alexandria Real Estate Equities and gave the company a “buy” rating in a report on Monday, October 15th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $121.17.

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About Alexandria Real Estate Equities

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 $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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