Insider Selling: Alexandria Real Estate Equities, Inc. (NYSE:ARE) General Counsel Sells 794 Shares of Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) General Counsel Jackie B. Clem sold 794 shares of the firm’s stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $156.60, for a total transaction of $124,340.40. Following the sale, the general counsel now directly owns 22,824 shares of the company’s stock, valued at approximately $3,574,238.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Alexandria Real Estate Equities Trading Up 1.6%

Shares of ARE traded up $2.58 during trading hours on Friday, reaching $165.78. 37,427 shares of the company traded hands, compared to its average volume of 1,002,095. Alexandria Real Estate Equities, Inc. has a 12 month low of $130.00 and a 12 month high of $224.95. The company has a market capitalization of $27.05 billion, a price-to-earnings ratio of 88.40, a price-to-earnings-growth ratio of 2.41 and a beta of 0.88. The company’s fifty day moving average price is $149.42 and its two-hundred day moving average price is $176.36. The company has a quick ratio of 0.40, a current ratio of 0.23 and a debt-to-equity ratio of 0.50.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $1.01. The business had revenue of $643.80 million for the quarter, compared to analysts’ expectations of $633.13 million. Alexandria Real Estate Equities had a return on equity of 1.93% and a net margin of 12.54%. The firm’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.93 EPS. Equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 8.4 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

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The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were given a dividend of $1.18 per share. The ex-dividend date of this dividend was Wednesday, June 29th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. This represents a $4.72 annualized dividend and a yield of 2.85%. Alexandria Real Estate Equities’s payout ratio is 255.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Credit Suisse Group started coverage on Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $140.00 target price on the stock. StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Thursday, April 28th. Mizuho decreased their price objective on Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. Finally, JMP Securities decreased their price objective on Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating for the company in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $193.40.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Several institutional investors and hedge funds have recently bought and sold shares of ARE. Pinnacle Wealth Planning Services Inc. bought a new stake in shares of Alexandria Real Estate Equities in the first quarter worth about $254,000. Veriti Management LLC increased its stake in Alexandria Real Estate Equities by 24.3% in the first quarter. Veriti Management LLC now owns 2,909 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 568 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Alexandria Real Estate Equities by 6.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 148,919 shares of the real estate investment trust’s stock valued at $33,203,000 after buying an additional 9,542 shares during the period. Naviter Wealth LLC increased its stake in shares of Alexandria Real Estate Equities by 51.4% during the first quarter. Naviter Wealth LLC now owns 3,795 shares of the real estate investment trust’s stock valued at $768,000 after buying an additional 1,289 shares during the period. Finally, Arbor Capital Management Inc. ADV increased its stake in shares of Alexandria Real Estate Equities by 4.5% during the first quarter. Arbor Capital Management Inc. ADV now owns 6,030 shares of the real estate investment trust’s stock valued at $1,226,000 after buying an additional 261 shares during the period. 94.49% of the stock is currently owned by hedge funds and other institutional investors.

About Alexandria Real Estate Equities

(GetRated)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500® urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF” ).

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

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