Alexandria Real Estate Equities, Inc. (NYSE:ARE) CEO Joel S. Marcus sold 25,000 shares of the company’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $118.99, for a total value of $2,974,750.00. Following the sale, the chief executive officer now owns 664,436 shares of the company’s stock, valued at $79,061,239.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded up 0.28% on Thursday, reaching $117.03. The company had a trading volume of 121,015 shares. The company has a market capitalization of $10.96 billion, a P/E ratio of 264.18 and a beta of 0.87. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89. The company has a 50 day moving average of $120.48 and a 200-day moving average of $117.23.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The business had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. During the same period in the previous year, the business earned $1.36 EPS. The business’s quarterly revenue was up 20.8% on a year-over-year basis. Analysts predict that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.86 dividend. This represents a $3.44 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, September 28th. Alexandria Real Estate Equities’s payout ratio is currently 860.02%.

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Several institutional investors have recently bought and sold shares of ARE. BlackRock Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 3,165.7% in the 1st quarter. BlackRock Inc. now owns 8,350,227 shares of the real estate investment trust’s stock valued at $922,867,000 after purchasing an additional 8,094,530 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Alexandria Real Estate Equities by 20.5% in the 1st quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock valued at $1,630,446,000 after purchasing an additional 2,504,746 shares during the last quarter. State Street Corp lifted its holdings in shares of Alexandria Real Estate Equities by 31.4% in the 1st quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock valued at $549,191,000 after purchasing an additional 1,186,353 shares during the last quarter. Cbre Clarion Securities LLC lifted its holdings in shares of Alexandria Real Estate Equities by 67.5% in the 2nd quarter. Cbre Clarion Securities LLC now owns 2,244,374 shares of the real estate investment trust’s stock valued at $270,380,000 after purchasing an additional 904,575 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in shares of Alexandria Real Estate Equities by 724.8% in the 2nd quarter. Janus Henderson Group PLC now owns 954,257 shares of the real estate investment trust’s stock valued at $114,975,000 after purchasing an additional 838,568 shares during the last quarter.

A number of equities research analysts recently weighed in on ARE shares. BidaskClub upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price on the stock in a research report on Tuesday, July 18th. Finally, Barclays PLC upped their target price on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday, July 18th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock 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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