Alexandria Real Estate Equities Inc. (NYSE:ARE) reached a new 52-week high during trading on Wednesday . The stock traded as high as $105.29 and last traded at $105.10, with a volume of 138,920 shares changing hands. The stock had previously closed at $105.03.

Several equities research analysts have commented on ARE shares. Zacks Investment Research downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Thursday, April 7th. Mizuho reaffirmed a “buy” rating and set a $110.00 price objective on shares of Alexandria Real Estate Equities in a report on Tuesday, May 31st. TheStreet raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Monday, April 18th. Finally, Robert W. Baird reaffirmed a “hold” rating on shares of Alexandria Real Estate Equities in a report on Monday, May 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average price target of $103.33.

The company has a market cap of $7.78 billion and a P/E ratio of 79.67. The firm has a 50-day moving average of $98.44 and a 200-day moving average of $89.12.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, May 2nd. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.34. The business had revenue of $216.08 million for the quarter, compared to analyst estimates of $211.66 million. During the same period last year, the business earned $1.28 EPS. Alexandria Real Estate Equities’s revenue was up 9.8% compared to the same quarter last year. On average, equities analysts anticipate that Alexandria Real Estate Equities Inc. will post $5.52 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $3.20 annualized dividend and a yield of 3.04%.

In other news, CIO Peter M. Moglia sold 4,000 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $96.90, for a total value of $387,600.00. Following the completion of the sale, the executive now directly owns 68,867 shares of the company’s stock, valued at $6,673,212.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Ryan sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction on Thursday, May 5th. The shares were sold at an average price of $95.31, for a total value of $476,550.00. Following the completion of the sale, the director now directly owns 71,200 shares of the company’s stock, valued at $6,786,072. The disclosure for this sale can be found here.

Several large investors have recently modified their holdings of the stock. Edge Asset Management Inc. boosted its stake in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. Edge Asset Management Inc. now owns 435,926 shares of the real estate investment trust’s stock worth $39,391,000 after buying an additional 17,043 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Alexandria Real Estate Equities by 124.4% in the fourth quarter. First Trust Advisors LP now owns 59,336 shares of the real estate investment trust’s stock worth $5,362,000 after buying an additional 32,897 shares during the last quarter. California State Teachers Retirement System boosted its stake in shares of Alexandria Real Estate Equities by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 137,784 shares of the real estate investment trust’s stock worth $12,450,000 after buying an additional 2,221 shares during the last quarter. IronBridge Capital Management LP boosted its stake in shares of Alexandria Real Estate Equities by 7.7% in the fourth quarter. IronBridge Capital Management LP now owns 294,536 shares of the real estate investment trust’s stock worth $26,614,000 after buying an additional 20,950 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Alexandria Real Estate Equities by 19.9% in the fourth quarter. Sei Investments Co. now owns 119,986 shares of the real estate investment trust’s stock worth $10,842,000 after buying an additional 19,875 shares during the last quarter.

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and technology office space for lease to the science and technology industries. It is focused on collaborative science and technology campuses. It develops urban cluster campuses and ecosystems.

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