Alexandria Real Estate Equities, Inc. (ARE) CEO Joel S. Marcus Sells 13,000 Shares of Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) CEO Joel S. Marcus sold 13,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $126.91, for a total value of $1,649,830.00. Following the transaction, the chief executive officer now owns 651,436 shares of the company’s stock, valued at approximately $82,673,742.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at $129.03 on Tuesday. The stock has a market capitalization of $12,317.93, a PE ratio of 21.77, a P/E/G ratio of 3.55 and a beta of 0.84. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.21 and a current ratio of 0.21. Alexandria Real Estate Equities, Inc. has a 1-year low of $105.74 and a 1-year high of $130.46.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.51 by ($0.96). The company had revenue of $285.60 million for the quarter, compared to analysts’ expectations of $286.11 million. Alexandria Real Estate Equities had a return on equity of 3.69% and a net margin of 13.21%. The business’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period last year, the company posted $1.39 EPS. analysts expect that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Piedmont Investment Advisors LLC lifted its holdings in Alexandria Real Estate Equities by 0.3% during the 2nd quarter. Piedmont Investment Advisors LLC now owns 2,843 shares of the real estate investment trust’s stock worth $342,000 after purchasing an additional 8 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Alexandria Real Estate Equities by 1.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock worth $249,000 after purchasing an additional 25 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its holdings in Alexandria Real Estate Equities by 0.3% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 17,163 shares of the real estate investment trust’s stock worth $2,068,000 after purchasing an additional 47 shares in the last quarter. First Personal Financial Services lifted its holdings in Alexandria Real Estate Equities by 7.9% during the 2nd quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after purchasing an additional 81 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of Alexandria Real Estate Equities by 1.8% in the 2nd quarter. Louisiana State Employees Retirement System now owns 5,600 shares of the real estate investment trust’s stock valued at $675,000 after acquiring an additional 100 shares in the last quarter.

Several research firms have recently weighed in on ARE. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price target for the company in a research note on Monday. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Mizuho reiterated a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, November 1st. National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, Royal Bank Of Canada reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Alexandria Real Estate Equities has an average rating of “Buy” and an average target price of $113.17.

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About Alexandria Real Estate Equities

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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