Joel S. Marcus Sells 10,000 Shares of Alexandria Real Estate Equities Inc (ARE) Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) insider Joel S. Marcus sold 10,000 shares of the company’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $130.01, for a total transaction of $1,300,100.00. Following the transaction, the insider now owns 557,312 shares of the company’s stock, valued at $72,456,133.12. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of ARE stock opened at $132.56 on Wednesday. Alexandria Real Estate Equities Inc has a 52-week low of $109.04 and a 52-week high of $134.09. The firm has a market capitalization of $14.92 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 3.14 and a beta of 0.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.70.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($1.99). Alexandria Real Estate Equities had a net margin of 28.57% and a return on equity of 5.28%. The business had revenue of $340.50 million during the quarter, compared to analyst estimates of $348.01 million. During the same quarter in the prior year, the company posted $1.53 EPS. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, equities research analysts forecast that Alexandria Real Estate Equities Inc will post 6.94 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st were paid a $0.97 dividend. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Friday, December 28th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.93%. Alexandria Real Estate Equities’s dividend payout ratio is currently 58.79%.

Several hedge funds have recently made changes to their positions in ARE. Riverview Trust Co bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth about $32,000. We Are One Seven LLC bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth about $59,000. SRS Capital Advisors Inc. grew its holdings in shares of Alexandria Real Estate Equities by 53.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 683 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 239 shares during the last quarter. Loeb Partners Corp bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth about $115,000. Finally, ETF Managers Group LLC grew its holdings in shares of Alexandria Real Estate Equities by 18.6% in the 4th quarter. ETF Managers Group LLC now owns 1,069 shares of the real estate investment trust’s stock worth $123,000 after purchasing an additional 168 shares during the last quarter.

ARE has been the subject of several research analyst reports. Canaccord Genuity reiterated an “average” rating and set a $24.00 target price on shares of Alexandria Real Estate Equities in a research note on Tuesday, December 18th. ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, December 6th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $139.00 price objective for the company in a research note on Monday, December 3rd. Citigroup upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and increased their price objective for the company from $133.00 to $144.00 in a research note on Monday, December 3rd. Finally, CIBC restated a “buy” rating and issued a $23.00 price objective on shares of Alexandria Real Estate Equities in a research note on Tuesday, January 15th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $105.14.

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About Alexandria Real Estate Equities

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 $19.1 billion and an asset base in North America of 32.2 million square feet (“SF”) as of September 30, 2018.

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