Alexandria Real Estate Equities Inc (ARE) CEO Joel S. Marcus Sells 5,000 Shares of Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) CEO Joel S. Marcus sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $120.86, for a total transaction of $604,300.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Alexandria Real Estate Equities Inc (NYSE ARE) opened at $120.97 on Wednesday. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 0.74. The firm has a market cap of $12,417.96, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.77 and a beta of 0.79. Alexandria Real Estate Equities Inc has a fifty-two week low of $106.89 and a fifty-two week high of $134.37.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, January 29th. The real estate investment trust reported $0.38 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($1.16). The firm had revenue of $298.79 million during the quarter, compared to analyst estimates of $293.63 million. Alexandria Real Estate Equities had a net margin of 14.77% and a return on equity of 3.08%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.42 earnings per share. equities research analysts predict that Alexandria Real Estate Equities Inc will post 6.57 earnings per share for the current fiscal year.

A number of equities analysts recently weighed in on ARE shares. Mizuho restated a “buy” rating and set a $140.00 price target on shares of Alexandria Real Estate Equities in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Bank of America boosted their target price on shares of Alexandria Real Estate Equities from $129.00 to $133.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Canaccord Genuity reiterated a “buy” rating and issued a $20.37 target price on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Finally, Barclays boosted their target price 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, January 30th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $105.67.

A number of large investors have recently bought and sold shares of ARE. Ameritas Investment Partners Inc. raised its stake in shares of Alexandria Real Estate Equities by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,069 shares of the real estate investment trust’s stock valued at $249,000 after acquiring an additional 25 shares during the period. New Mexico Educational Retirement Board raised its stake in shares of Alexandria Real Estate Equities by 1.9% in the 3rd quarter. New Mexico Educational Retirement Board now owns 21,469 shares of the real estate investment trust’s stock valued at $2,554,000 after acquiring an additional 400 shares during the period. Aperio Group LLC raised its stake in shares of Alexandria Real Estate Equities by 2.5% in the 4th quarter. Aperio Group LLC now owns 19,296 shares of the real estate investment trust’s stock valued at $2,520,000 after acquiring an additional 470 shares during the period. Hartford Investment Management Co. raised its stake in shares of Alexandria Real Estate Equities by 2.4% in the 3rd quarter. Hartford Investment Management Co. now owns 20,331 shares of the real estate investment trust’s stock valued at $2,419,000 after acquiring an additional 471 shares during the period. Finally, BB&T Corp raised its stake in shares of Alexandria Real Estate Equities by 3.6% in 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 during the period. Institutional investors own 98.50% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece of content on another publication, it was copied illegally and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2018/02/21/alexandria-real-estate-equities-inc-are-ceo-joel-s-marcus-sells-5000-shares-of-stock.html.

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)

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply