Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) hit a new 52-week high on Tuesday . The company traded as high as $131.00 and last traded at $130.19, with a volume of 447900 shares traded. The stock had previously closed at $130.00.

ARE has been the subject of several research reports. Bank of America upgraded Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 target price for the company in a research note on Monday, December 4th. Royal Bank of Canada restated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, October 23rd. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. National Bank Financial downgraded Alexandria Real Estate Equities from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $20.00 to $18.00 in a research note on Monday, October 23rd. Finally, BidaskClub upgraded Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average price target of $99.91.

The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.83. The company has a market cap of $12,580.00, a P/E ratio of 22.03 and a beta of 0.84.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.51 by ($0.96). Alexandria Real Estate Equities had a net margin of 13.21% and a return on equity of 3.69%. The firm had revenue of $285.60 million during the quarter, compared to analyst estimates of $286.11 million. During the same quarter in the prior year, the business earned $1.39 earnings per share. The business’s quarterly revenue was up 24.0% on a year-over-year basis. analysts anticipate that Alexandria Real Estate Equities, Inc. will post 6.02 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.90 dividend. This is a boost from Alexandria Real Estate Equities’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, December 28th. This represents a $3.60 annualized dividend and a yield of 2.74%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 390.91%.

In related news, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $118.99, for a total value of $2,974,750.00. Following the transaction, the chief executive officer now owns 664,436 shares of the company’s stock, valued at approximately $79,061,239.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joel S. Marcus sold 13,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $126.91, for a total transaction of $1,649,830.00. Following the completion of the transaction, the chief executive officer now directly owns 651,436 shares in the company, valued at approximately $82,673,742.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,250 shares of company stock worth $10,960,980. 1.51% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank lifted its position in shares of Alexandria Real Estate Equities by 14.9% during the 3rd quarter. Toronto Dominion Bank now owns 35,406 shares of the real estate investment trust’s stock worth $4,211,000 after buying an additional 4,581 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Alexandria Real Estate Equities by 14.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,997,637 shares of the real estate investment trust’s stock worth $240,656,000 after buying an additional 255,378 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Alexandria Real Estate Equities by 13.9% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 179,766 shares of the real estate investment trust’s stock worth $21,656,000 after buying an additional 21,974 shares in the last quarter. Green Street Investors LLC bought a new position in shares of Alexandria Real Estate Equities during the 3rd quarter worth approximately $2,736,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Alexandria Real Estate Equities by 6.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 43,846 shares of the real estate investment trust’s stock worth $5,282,000 after buying an additional 2,554 shares in the last quarter.

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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.

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