Alexandria Real Estate Equities, Inc. (ARE) COO Sells $650,000.00 in Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) COO Jennifer Banks sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 10th. The stock was sold at an average price of $130.00, for a total value of $650,000.00. Following the sale, the chief operating officer now directly owns 50,419 shares of the company’s stock, valued at $6,554,470. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Shares of NYSE ARE opened at $122.64 on Thursday. 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 stock has a market cap of $12.79 billion, a PE ratio of 20.15, a P/E/G ratio of 3.04 and a beta of 0.80. Alexandria Real Estate Equities, Inc. has a 52 week low of $122.68 and a 52 week high of $124.69.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, April 30th. The real estate investment trust reported $1.32 EPS for the quarter, missing the Zacks’ 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 net margin of 22.13% and a return on equity of 4.26%. The business’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.48 EPS. research analysts expect that Alexandria Real Estate Equities, Inc. will post 6.58 earnings per share for the current year.

A number of equities research analysts have recently weighed in on ARE shares. TheStreet raised Alexandria Real Estate Equities from a “c+” rating to a “b” rating in a research note on Monday, April 30th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $137.00 price target for the company in a research note on Monday, April 16th. ValuEngine raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $135.00 price objective on shares of Alexandria Real Estate Equities in a report on Monday, February 12th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $102.34.

Several hedge funds and other institutional investors have recently modified their holdings of ARE. DnB Asset Management AS acquired a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $1,569,000. Solaris Asset Management LLC increased its holdings in shares of Alexandria Real Estate Equities by 60.4% during the 4th quarter. Solaris Asset Management LLC now owns 1,885 shares of the real estate investment trust’s stock valued at $246,000 after acquiring an additional 710 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Alexandria Real Estate Equities by 156.7% during the 4th quarter. Bank of Montreal Can now owns 374,630 shares of the real estate investment trust’s stock valued at $48,924,000 after acquiring an additional 228,688 shares during the last quarter. National Pension Service acquired a new position in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $14,579,000. Finally, Spirit of America Management Corp NY increased its holdings in shares of Alexandria Real Estate Equities by 388.5% during the 4th quarter. Spirit of America Management Corp NY now owns 6,350 shares of the real estate investment trust’s stock valued at $829,000 after acquiring an additional 5,050 shares during the last quarter. 98.92% of the stock is currently owned by institutional investors and hedge funds.

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 29.6 million SF as of December 31, 2017.

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

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