Alexandria Real Estate Equities Inc (NYSE:ARE) insider Joel S. Marcus sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $145.10, for a total transaction of $2,902,000.00. Following the completion of the sale, the insider now owns 495,712 shares of the company’s stock, valued at approximately $71,927,811.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NYSE:ARE traded down $2.20 during mid-day trading on Monday, reaching $142.67. The stock had a trading volume of 774,306 shares, compared to its average volume of 767,034. The company has a quick ratio of 0.28, a current ratio of 0.21 and a debt-to-equity ratio of 0.76. The stock has a market cap of $16.43 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 4.80 and a beta of 0.74. Alexandria Real Estate Equities Inc has a twelve month low of $109.04 and a twelve month high of $153.51. The firm’s 50 day moving average price is $144.98.
Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 29th. The real estate investment trust reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($1.04). Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. The firm had revenue of $373.90 million during the quarter, compared to analyst estimates of $366.81 million. During the same quarter in the previous year, the business earned $1.64 EPS. Alexandria Real Estate Equities’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts forecast that Alexandria Real Estate Equities Inc will post 6.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $1.00 dividend. The ex-dividend date was Thursday, June 27th. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. This represents a $4.00 dividend on an annualized basis and a yield of 2.80%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is 60.61%.
A number of institutional investors have recently modified their holdings of ARE. Steward Partners Investment Advisory LLC purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $30,000. FinTrust Capital Advisors LLC increased its stake in shares of Alexandria Real Estate Equities by 275.9% during the 1st quarter. FinTrust Capital Advisors LLC now owns 218 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 160 shares in the last quarter. Meeder Asset Management Inc. increased its stake in shares of Alexandria Real Estate Equities by 883.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 265 shares in the last quarter. Signaturefd LLC increased its stake in shares of Alexandria Real Estate Equities by 41.0% during the 1st quarter. Signaturefd LLC now owns 454 shares of the real estate investment trust’s stock worth $65,000 after purchasing an additional 132 shares in the last quarter. Finally, Hilton Capital Management LLC purchased a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $102,000. 96.60% of the stock is owned by institutional investors.
A number of equities research analysts recently commented on ARE shares. GMP Securities restated an “average” rating and issued a $26.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Finally, ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $98.25.
About Alexandria Real Estate Equities
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.
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