Alexandria Real Estate Equities Inc (NYSE:ARE) insider Daniel J. Ryan sold 7,000 shares of the 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 sale, the insider now owns 132,781 shares of the company’s stock, valued at approximately $16,950,822.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
NYSE:ARE traded down $0.32 during mid-day trading on Wednesday, reaching $127.64. The stock had a trading volume of 303,600 shares, compared to its average volume of 658,513. 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 company has a market cap of $13.39 billion, a P/E ratio of 21.25, a PEG ratio of 3.13 and a beta of 0.71. Alexandria Real Estate Equities Inc has a twelve month low of $114.00 and a twelve month high of $134.37.
Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $1.64 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.64. The firm had revenue of $325.00 million during the quarter, compared to the consensus estimate of $331.27 million. Alexandria Real Estate Equities had a net margin of 22.86% and a return on equity of 4.36%. The firm’s revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 earnings per share. analysts expect that Alexandria Real Estate Equities Inc will post 6.6 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a $0.93 dividend. The ex-dividend date is Thursday, September 27th. This represents a $3.72 dividend on an annualized basis and a yield of 2.91%. Alexandria Real Estate Equities’s payout ratio is currently 61.79%.
Large investors have recently made changes to their positions in the stock. Advisors Preferred LLC lifted its position in Alexandria Real Estate Equities by 142.3% in the second quarter. Advisors Preferred LLC now owns 860 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 505 shares during the period. Summit Trail Advisors LLC increased its holdings in Alexandria Real Estate Equities by 12,889.6% in the first quarter. Summit Trail Advisors LLC now owns 124,051 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 123,096 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $164,000. NumerixS Investment Technologies Inc purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $177,000. Finally, Advisor Partners LLC purchased a new position in Alexandria Real Estate Equities in the second quarter valued at about $205,000. Hedge funds and other institutional investors own 98.98% of the company’s stock.
Several equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Barclays increased their target price on shares of Alexandria Real Estate Equities from $132.00 to $133.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 17th. Citigroup raised their price objective on shares of Alexandria Real Estate Equities from $127.00 to $133.00 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Alexandria Real Estate Equities from $130.00 to $131.00 and gave the company an “overweight” rating in a research report on Tuesday, May 22nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $108.93.
Alexandria Real Estate Equities Company Profile
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.
Read More: Do You Need a Fiduciary?
Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.