Alexandria Real Estate Equities, Inc. (NYSE:ARE) CEO Joel S. Marcus sold 15,500 shares of Alexandria Real Estate Equities stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total transaction of $1,877,980.00. Following the completion of the sale, the chief executive officer now owns 689,436 shares of the company’s stock, valued at approximately $83,532,065.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) opened at 120.01 on Friday. Alexandria Real Estate Equities, Inc. has a 1-year low of $101.51 and a 1-year high of $123.89. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 270.90 and a beta of 0.86. The firm’s 50-day moving average is $120.39 and its 200 day moving average is $116.47.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.50. Alexandria Real Estate Equities had a return on equity of 3.11% and a net margin of 9.45%. The firm had revenue of $273.10 million during the quarter, compared to analyst estimates of $277.40 million. During the same period in the prior year, the company posted $1.36 earnings per share. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post $1.46 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ARE. Toronto Dominion Bank raised its position in 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 valued at $3,713,000 after buying an additional 6,945 shares in the last quarter. Cetera Investment Advisers bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $759,000. WINTON GROUP Ltd bought a new position in Alexandria Real Estate Equities during the second quarter valued at about $562,000. Millie Capital Management LLC raised its position in 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 valued at $2,888,000 after buying an additional 186 shares in the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Alexandria Real Estate Equities by 0.4% in the second quarter. Public Employees Retirement System of Ohio now owns 139,498 shares of the real estate investment trust’s stock valued at $16,805,000 after buying an additional 576 shares in the last quarter.
ARE has been the subject of several recent research reports. TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $135.00 target price for the company in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Finally, Barclays PLC boosted their target price on shares of Alexandria Real Estate Equities from $129.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $124.50.
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.
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