Alexandria Real Estate Equities, Inc. (NYSE:ARE) CEO Joel S. Marcus sold 13,893 shares of the company’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the sale, the chief executive officer now owns 705,829 shares of the company’s stock, valued at $85,560,591.38. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Alexandria Real Estate Equities, Inc. (NYSE ARE) traded down 0.02% during midday trading on Monday, reaching $120.58. 331,698 shares of the company were exchanged. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89. The firm has a market capitalization of $11.29 billion, a PE ratio of 272.19 and a beta of 0.86. The company has a 50-day moving average of $119.97 and a 200 day moving average of $115.75.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.50. The company had revenue of $273.10 million during the quarter, compared to the consensus estimate of $277.40 million. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. Alexandria Real Estate Equities’s revenue was up 20.8% on a year-over-year basis. During the same period last year, the company earned $1.36 earnings per share. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post $1.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a $0.86 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 dividend on an annualized basis and a yield of 2.85%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 860.02%.

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A number of equities research analysts recently commented on ARE shares. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price target for the company in a report on Tuesday, July 18th. Barclays PLC upped their price target on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Finally, TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a report on Monday, May 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Alexandria Real Estate Equities presently has an average rating of “Buy” and a consensus target price of $122.71.

A number of hedge funds have recently modified their holdings of ARE. Nationwide Fund Advisors increased its stake in shares of Alexandria Real Estate Equities by 65.3% in the first quarter. Nationwide Fund Advisors now owns 229,711 shares of the real estate investment trust’s stock worth $25,388,000 after buying an additional 90,781 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of Alexandria Real Estate Equities by 54.1% in the first quarter. State of Alaska Department of Revenue now owns 45,579 shares of the real estate investment trust’s stock worth $5,036,000 after buying an additional 16,009 shares in the last quarter. Hartford Investment Management Co. bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $2,231,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $519,000. Finally, Capital Impact Advisors LLC bought a new stake in shares of Alexandria Real Estate Equities during the first quarter worth about $1,641,000.

Alexandria Real Estate Equities Company Profile

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.

Insider Buying and Selling by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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