Traders Sell Alexandria Real Estate Equities, Inc. (ARE) on Strength (ARE)

Traders sold shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) on strength during trading on Monday. $6.57 million flowed into the stock on the tick-up and $30.92 million flowed out of the stock on the tick-down, for a money net flow of $24.35 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 $0.51 for the day and closed at $120.96

Several analysts have recently issued reports on ARE shares. BidaskClub raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $136.00 price objective on the stock in a report on Tuesday, July 18th. Finally, Barclays PLC upped their price objective on Alexandria Real Estate Equities from $129.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $128.25.

The stock has a 50 day moving average of $119.85 and a 200 day moving average of $118.06. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 274.97 and a beta of 0.87.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, July 31st. The real estate investment trust reported $1.50 earnings per share for the quarter, meeting the consensus estimate of $1.50. The business had revenue of $273.10 million for 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%. The business’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.36 earnings per share. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post $1.47 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 29th will be given a $0.86 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.44 annualized dividend and a dividend yield of 2.82%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 860.02%.

In related news, CEO Joel S. Marcus sold 13,893 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $121.22, for a total transaction of $1,684,109.46. Following the transaction, the chief executive officer now owns 705,829 shares in the company, valued at $85,560,591.38. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joel S. Marcus sold 15,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $121.16, for a total value of $1,877,980.00. Following the transaction, the chief executive officer now owns 689,436 shares in the company, valued at approximately $83,532,065.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,893 shares of company stock worth $8,645,989. 1.51% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the stock. Muzinich & Co. Inc. lifted its position in Alexandria Real Estate Equities by 30.4% during the second quarter. Muzinich & Co. Inc. now owns 943 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 220 shares in the last quarter. Perigon Wealth Management LLC lifted its position in Alexandria Real Estate Equities by 395.0% during the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock worth $110,000 after buying an additional 790 shares in the last quarter. Capital Analysts LLC purchased a new position in Alexandria Real Estate Equities during the second quarter worth approximately $125,000. First Personal Financial Services lifted its position in Alexandria Real Estate Equities by 7.9% during the second quarter. First Personal Financial Services now owns 1,112 shares of the real estate investment trust’s stock worth $134,000 after buying an additional 81 shares in the last quarter. Finally, Invictus RG purchased a new position in Alexandria Real Estate Equities during the first quarter worth approximately $133,000.

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About Alexandria Real Estate Equities

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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