Traders sold shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) on strength during trading hours on Wednesday. $13.56 million flowed into the stock on the tick-up and $30.46 million flowed out of the stock on the tick-down, for a money net flow of $16.90 million out of the stock. Of all equities tracked, Alexandria Real Estate Equities had the 0th highest net out-flow for the day. Alexandria Real Estate Equities traded up $1.33 for the day and closed at $104.42

Several research firms have recently commented on ARE. Citigroup Inc. reduced their price objective on Alexandria Real Estate Equities from $106.00 to $92.00 and set a “neutral” rating for the company in a research note on Thursday, July 7th. Mizuho upped their price objective on Alexandria Real Estate Equities from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Friday, July 8th. Robert W. Baird restated a “hold” rating on shares of Alexandria Real Estate Equities in a research note on Monday, May 16th. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $108.00 price objective for the company in a research note on Tuesday, May 10th. Finally, TheStreet upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Monday, April 18th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $102.14.

The firm has a market capitalization of $7.71 billion and a price-to-earnings ratio of 78.99. The stock has a 50 day moving average price of $99.57 and a 200 day moving average price of $89.57.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, May 2nd. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.34. The business had revenue of $216.08 million for the quarter, compared to analysts’ expectations of $211.66 million. During the same period in the prior year, the company posted $1.28 EPS. The firm’s revenue was up 9.8% on a year-over-year basis. Equities research analysts expect that Alexandria Real Estate Equities Inc. will post $5.51 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, June 28th. This represents a $3.20 annualized dividend and a yield of 3.06%.

In other Alexandria Real Estate Equities news, Director Daniel J. Ryan sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $95.31, for a total value of $476,550.00. Following the transaction, the director now directly owns 71,200 shares in the company, valued at approximately $6,786,072. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James H. Richardson sold 2,500 shares of the business’s stock in a transaction dated Monday, May 9th. The shares were sold at an average price of $96.35, for a total transaction of $240,875.00. Following the completion of the transaction, the director now owns 73,750 shares in the company, valued at $7,105,812.50. The disclosure for this sale can be found here.

Other institutional investors have recently bought and sold shares of the company. Whittier Trust Co. raised its position in Alexandria Real Estate Equities by 1.1% in the fourth quarter. Whittier Trust Co. now owns 11,888 shares of the real estate investment trust’s stock valued at $1,074,000 after buying an additional 125 shares during the last quarter. Profund Advisors LLC raised its position in Alexandria Real Estate Equities by 32.0% in the fourth quarter. Profund Advisors LLC now owns 12,213 shares of the real estate investment trust’s stock valued at $1,104,000 after buying an additional 2,960 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its position in Alexandria Real Estate Equities by 2.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 13,670 shares of the real estate investment trust’s stock valued at $1,249,000 after buying an additional 338 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Alexandria Real Estate Equities by 0.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,019 shares of the real estate investment trust’s stock valued at $1,899,000 after buying an additional 144 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Alexandria Real Estate Equities by 12.7% in the fourth quarter. ProShare Advisors LLC now owns 32,877 shares of the real estate investment trust’s stock valued at $2,971,000 after buying an additional 3,697 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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