Investors sold shares of Alexandria Real Estate Equities Inc. (NYSE:ARE) on strength during trading on Monday. $7.22 million flowed into the stock on the tick-up and $32.17 million flowed out of the stock on the tick-down, for a money net flow of $24.95 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 $0.86 for the day and closed at $104.53

A number of equities analysts recently issued reports on the stock. Mizuho reiterated a “buy” rating and issued a $110.00 target price (up previously from $98.00) on shares of Alexandria Real Estate Equities in a research report on Wednesday, May 4th. 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 for the company in a research report on Tuesday, May 10th. Robert W. Baird reiterated a “hold” rating on shares of Alexandria Real Estate Equities in a research report on Monday, May 16th. Citigroup Inc. decreased their target price on shares of Alexandria Real Estate Equities from $106.00 to $92.00 and set a “neutral” rating for the company in a research report on Thursday, July 7th. Finally, TheStreet upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Monday, April 18th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $102.14.

The stock has a market capitalization of $7.72 billion and a P/E ratio of 79.07. The company’s 50 day moving average price is $100.17 and its 200-day moving average price is $89.84.

Alexandria Real Estate Equities (NYSE:ARE) last issued 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 Zacks’ consensus estimate of $1.34. The company had revenue of $216.08 million for the quarter, compared to the consensus estimate of $211.66 million. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.28 earnings per share. On average, equities research analysts predict that Alexandria Real Estate Equities Inc. will post $5.51 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, June 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 3.06%.

In other news, Director Thomas J. Andrews sold 5,400 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was sold at an average price of $95.10, for a total value of $513,540.00. Following the completion of the sale, the director now directly owns 128,200 shares in the company, valued at $12,191,820. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Joel S. Marcus sold 25,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 713,124 shares of the company’s stock, valued at $67,860,879.84. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in ARE. Whittier Trust Co. raised its stake in shares of 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 period. Profund Advisors LLC raised its stake in shares of 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 period. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of 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 period. KBC Group NV raised its stake in shares of 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 period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of 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 period.

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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