Alexandria Real Estate Equities Inc (NYSE:ARE) insider Daniel J. Ryan sold 7,000 shares of the company’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $127.66, for a total transaction of $893,620.00. Following the completion of the sale, the insider now directly owns 132,781 shares of the company’s stock, valued at $16,950,822.46. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of ARE stock opened at $128.00 on Thursday. Alexandria Real Estate Equities Inc has a 52-week low of $114.00 and a 52-week high of $134.37. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.81. The stock has a market capitalization of $13.53 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 3.16 and a beta of 0.71.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $1.64 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.64. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. The business had revenue of $325.00 million during the quarter, compared to the consensus estimate of $331.27 million. During the same period in the prior year, the firm posted $1.50 EPS. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. equities analysts expect that Alexandria Real Estate Equities Inc will post 6.6 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be given a dividend of $0.93 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Thursday, September 27th. Alexandria Real Estate Equities’s dividend payout ratio is currently 61.79%.

Several institutional investors have recently added to or reduced their stakes in the company. Schroder Investment Management Group grew its position in shares of Alexandria Real Estate Equities by 2.0% during the 2nd quarter. Schroder Investment Management Group now owns 846,605 shares of the real estate investment trust’s stock valued at $106,960,000 after acquiring an additional 16,339 shares during the period. Public Employees Retirement System of Ohio grew its position in shares of Alexandria Real Estate Equities by 0.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 225,285 shares of the real estate investment trust’s stock valued at $28,424,000 after acquiring an additional 910 shares during the period. Verition Fund Management LLC bought a new position in shares of Alexandria Real Estate Equities during the 2nd quarter valued at approximately $392,000. Jane Street Group LLC grew its position in shares of Alexandria Real Estate Equities by 1,181.1% during the 2nd quarter. Jane Street Group LLC now owns 35,052 shares of the real estate investment trust’s stock valued at $4,423,000 after acquiring an additional 32,316 shares during the period. Finally, Advisors Asset Management Inc. grew its position in shares of Alexandria Real Estate Equities by 1,738.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 190,180 shares of the real estate investment trust’s stock valued at $1,245,000 after acquiring an additional 179,836 shares during the period. 98.98% of the stock is owned by hedge funds and other institutional investors.

ARE has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Alexandria Real Estate Equities from $130.00 to $131.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 22nd. Citigroup upped their price objective on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 8th. Barclays upped their price objective on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 17th. Finally, ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $108.93.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $18.8 billion and an asset base in North America of 32.0 million SF as of June 30, 2018.

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