Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $120.58, for a total value of $602,900.00. Following the transaction, the executive vice president now owns 158,000 shares of the company’s stock, valued at $19,051,640. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Alexandria Real Estate Equities, Inc. (NYSE ARE) opened at 119.36 on Friday. Alexandria Real Estate Equities, Inc. has a 52-week low of $101.51 and a 52-week high of $123.89. The stock’s 50 day moving average price is $120.58 and its 200-day moving average price is $117.18. The firm has a market cap of $11.18 billion, a PE ratio of 269.44 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the consensus estimate of $1.50. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The business had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. During the same quarter last year, the company posted $1.36 earnings per share. The company’s quarterly revenue was up 20.8% compared to the same quarter last year. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.46 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a dividend of $0.86 per share. The ex-dividend date is Thursday, September 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.88%. Alexandria Real Estate Equities’s payout ratio is 860.02%.

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Hedge funds have recently modified their holdings of the company. Muzinich & Co. Inc. lifted its position in shares of Alexandria Real Estate Equities by 30.4% during the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 220 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of Alexandria Real Estate Equities by 395.0% during the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 790 shares during the last quarter. First Personal Financial Services lifted its position in shares of Alexandria Real Estate Equities by 28.6% during the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 229 shares during the last quarter. Capital Analysts LLC bought a new position in shares of Alexandria Real Estate Equities during the second quarter worth about $125,000. Finally, Invictus RG bought a new position in shares of Alexandria Real Estate Equities during the first quarter worth about $133,000.

ARE has been the subject of a number of recent research reports. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research downgraded Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Barclays PLC lifted their price target on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and an average price target of $128.25.

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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