Insider Selling: Alexandria Real Estate Equities Inc (ARE) CEO 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 that occurred on 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 available at this hyperlink.

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

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

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 9.3% in the 4th quarter. BlackRock Inc. now owns 10,163,374 shares of the real estate investment trust’s stock valued at $1,327,236,000 after buying an additional 867,397 shares in the last quarter. APG Asset Management US Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 2.8% in the 4th quarter. APG Asset Management US Inc. now owns 4,439,905 shares of the real estate investment trust’s stock valued at $579,807,000 after buying an additional 119,500 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Alexandria Real Estate Equities by 14.5% in the 3rd quarter. Principal Financial Group Inc. now owns 3,475,698 shares of the real estate investment trust’s stock valued at $413,502,000 after buying an additional 440,716 shares in the last quarter. Cbre Clarion Securities LLC boosted its holdings in shares of Alexandria Real Estate Equities by 16.3% in the 4th quarter. Cbre Clarion Securities LLC now owns 3,075,993 shares of the real estate investment trust’s stock valued at $401,694,000 after buying an additional 431,156 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Alexandria Real Estate Equities by 3.1% in the 4th quarter. Bank of New York Mellon Corp now owns 2,434,839 shares of the real estate investment trust’s stock valued at $317,965,000 after buying an additional 73,307 shares in the last quarter. Institutional investors and hedge funds own 98.50% of the company’s stock.

Several research analysts have commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and set a $135.00 price target on shares of Alexandria Real Estate Equities in a report on Monday, February 12th. TheStreet cut shares of Alexandria Real Estate Equities from a “b-” rating to a “c” rating in a report on Friday, February 2nd. Barclays boosted their price target on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a report on Tuesday, January 30th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $143.00 price target for the company in a report on Tuesday, January 23rd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $20.37 price target on shares of Alexandria Real Estate Equities in a report on Monday, December 11th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $105.67.

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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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