Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Thomas J. Andrews sold 5,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $120.41, for a total transaction of $602,050.00. Following the completion of the sale, the executive vice president now directly owns 153,000 shares of the company’s stock, valued at $18,422,730. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of Alexandria Real Estate Equities, Inc. (ARE) traded up 0.99% on Thursday, reaching $120.62. 131,998 shares of the company were exchanged. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 272.28 and a beta of 0.87. The company’s 50-day moving average is $120.55 and its 200-day moving average is $117.17. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.51 and a 52 week high of $123.89.

Alexandria Real Estate Equities (NYSE:ARE) last posted its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $1.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.50. The firm had revenue of $273.10 million for the quarter, compared to analysts’ expectations of $277.40 million. Alexandria Real Estate Equities had a net margin of 9.45% and a return on equity of 3.11%. The business’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.36 earnings per share. On average, equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.47 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Thursday, September 28th. Alexandria Real Estate Equities’s payout ratio is presently 860.02%.

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ARE has been the subject of several research analyst reports. BidaskClub raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 target price for the company in a research report on Tuesday, July 18th. Finally, Barclays PLC raised their target price on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 18th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Alexandria Real Estate Equities currently has an average rating of “Buy” and an average target price of $128.25.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Lord Abbett & CO. LLC grew its holdings in shares of Alexandria Real Estate Equities by 2.5% in the second quarter. Lord Abbett & CO. LLC now owns 271,217 shares of the real estate investment trust’s stock worth $32,674,000 after purchasing an additional 6,600 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Alexandria Real Estate Equities by 29.1% in the second quarter. Toronto Dominion Bank now owns 30,825 shares of the real estate investment trust’s stock worth $3,713,000 after purchasing an additional 6,945 shares during the last quarter. Cetera Investment Advisers bought a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $759,000. WINTON GROUP Ltd bought a new position in shares of Alexandria Real Estate Equities in the second quarter worth about $562,000. Finally, Millie Capital Management LLC grew its holdings in shares of Alexandria Real Estate Equities by 0.8% in the second quarter. Millie Capital Management LLC now owns 23,973 shares of the real estate investment trust’s stock worth $2,888,000 after purchasing an additional 186 shares during the last quarter.

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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