Investors sold shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) on strength during trading hours on Tuesday. $6.69 million flowed into the stock on the tick-up and $28.65 million flowed out of the stock on the tick-down, for a money net flow of $21.96 million out of the stock. Of all equities tracked, Alexandria Real Estate Equities had the 22nd highest net out-flow for the day. Alexandria Real Estate Equities traded up $0.39 for the day and closed at $104.92

Several brokerages have recently issued reports on ARE. Mizuho restated a “buy” rating and set a $110.00 target price (up from $98.00) on shares of Alexandria Real Estate Equities in a research report on Wednesday, May 4th. Barclays PLC upped their target price on shares of Alexandria Real Estate Equities from $105.00 to $113.00 and gave the company an “overweight” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $108.00 target price on the stock in a research report on Tuesday, May 10th. Robert W. Baird restated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 16th. Finally, Citigroup Inc. decreased their target price on shares of Alexandria Real Estate Equities from $106.00 to $92.00 and set a “neutral” rating on the stock in a research report on Thursday, July 7th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $103.29.

The company has a 50-day moving average price of $100.31 and a 200 day moving average price of $89.95. The company has a market cap of $7.75 billion and a price-to-earnings ratio of 79.36.

Alexandria Real Estate Equities (NYSE:ARE) last announced its earnings results on Monday, May 2nd. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.34. The company earned $216.08 million during the quarter, compared to analyst estimates of $211.66 million. The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.28 EPS. Analysts anticipate that Alexandria Real Estate Equities Inc. will post $5.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were given a $0.80 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $3.20 annualized dividend and a dividend yield of 3.05%.

In other news, CEO Joel S. Marcus sold 25,000 shares of Alexandria Real Estate Equities stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $95.16, for a total value of $2,379,000.00. Following the sale, the chief executive officer now owns 713,124 shares in the company, valued at $67,860,879.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Ryan sold 5,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $95.31, for a total transaction of $476,550.00. Following the completion of the sale, the director now owns 71,200 shares in the company, valued at approximately $6,786,072. The disclosure for this sale can be found here.

A number of institutional investors have 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 worth $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 worth $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 worth $1,249,000 after buying an additional 338 shares during the last quarter. KBC Group NV raised its position in Alexandria Real Estate Equities by 0.7% in the fourth quarter. KBC Group NV now owns 17,835 shares of the real estate investment trust’s stock worth $1,612,000 after buying an additional 130 shares during the last quarter. Finally, 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 worth $1,899,000 after buying an additional 144 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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