Insider Selling: Alexandria Real Estate Equities Inc (ARE) Director Sells 227 Shares of Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) Director Richard Hunter Klein sold 227 shares of Alexandria Real Estate Equities stock in a transaction on Monday, May 6th. The shares were sold at an average price of $142.00, for a total transaction of $32,234.00. Following the completion of the sale, the director now owns 10,390 shares in the company, valued at approximately $1,475,380. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Richard Hunter Klein also recently made the following trade(s):

  • On Thursday, March 28th, Richard Hunter Klein sold 1,103 shares of Alexandria Real Estate Equities stock. The shares were sold at an average price of $142.50, for a total transaction of $157,177.50.

ARE opened at $146.41 on Friday. Alexandria Real Estate Equities Inc has a 1 year low of $109.04 and a 1 year high of $147.59. The stock has a market capitalization of $16.37 billion, a PE ratio of 22.18, a P/E/G ratio of 4.80 and a beta of 0.90. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.71.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $1.11 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.57). Alexandria Real Estate Equities had a return on equity of 4.91% and a net margin of 27.29%. The business had revenue of $358.80 million during the quarter, compared to the consensus estimate of $356.93 million. During the same quarter in the previous year, the business posted $1.62 earnings per share. Alexandria Real Estate Equities’s quarterly revenue was up 12.1% compared to the same quarter last year. Sell-side analysts forecast that Alexandria Real Estate Equities Inc will post 6.97 earnings per share for the current fiscal year.

Several analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a report on Thursday, May 16th. Canaccord Genuity reissued an “average” rating and set a $25.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, March 7th. Mitsubishi UFJ Financial Group raised their price objective on Alexandria Real Estate Equities to $132.00 and gave the company a “neutral” rating in a research report on Thursday, March 7th. Finally, Barclays lowered Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $130.00 to $136.00 in a research report on Thursday, April 4th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $108.57.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nordea Investment Management AB raised its holdings in shares of Alexandria Real Estate Equities by 1.9% during the 1st quarter. Nordea Investment Management AB now owns 313,211 shares of the real estate investment trust’s stock worth $44,652,000 after acquiring an additional 5,942 shares in the last quarter. Cypress Wealth Advisors LLC raised its holdings in shares of Alexandria Real Estate Equities by 13.0% during the 1st quarter. Cypress Wealth Advisors LLC now owns 8,762 shares of the real estate investment trust’s stock worth $1,249,000 after acquiring an additional 1,007 shares in the last quarter. Hahn Capital Management LLC raised its holdings in shares of Alexandria Real Estate Equities by 0.9% during the 1st quarter. Hahn Capital Management LLC now owns 194,848 shares of the real estate investment trust’s stock worth $27,778,000 after acquiring an additional 1,726 shares in the last quarter. Horizon Investments LLC purchased a new stake in shares of Alexandria Real Estate Equities during the 1st quarter worth approximately $212,000. Finally, Metropolitan Life Insurance Co NY raised its holdings in shares of Alexandria Real Estate Equities by 2.6% during the 1st quarter. Metropolitan Life Insurance Co NY now owns 22,306 shares of the real estate investment trust’s stock worth $3,179,000 after acquiring an additional 567 shares in the last quarter. Institutional investors own 98.64% of the company’s stock.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> 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 $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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Insider Buying and Selling by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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