Insider Selling: Alexandria Real Estate Equities Inc (NYSE:ARE) COO Sells 2,000 Shares of Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) COO Jennifer Banks sold 2,000 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $139.93, for a total value of $279,860.00. Following the completion of the transaction, the chief operating officer now directly owns 52,734 shares in the company, valued at $7,379,068.62. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

NYSE:ARE traded down $2.27 on Friday, reaching $141.58. 627,569 shares of the company’s stock traded hands, compared to its average volume of 1,155,381. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50-day moving average is $146.53. The stock has a market capitalization of $16.08 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 4.71 and a beta of 0.73. Alexandria Real Estate Equities Inc has a 12 month low of $109.04 and a 12 month high of $153.51.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.57). The firm had revenue of $358.80 million for the quarter, compared to analysts’ expectations of $356.93 million. Alexandria Real Estate Equities had a net margin of 27.29% and a return on equity of 4.91%. The company’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.62 EPS. As a group, sell-side analysts expect that Alexandria Real Estate Equities Inc will post 6.98 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $1.00 dividend. The ex-dividend date was Thursday, June 27th. This represents a $4.00 annualized dividend and a yield of 2.83%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.97. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 60.61%.

A number of equities analysts recently commented on the company. Zacks Investment Research cut G1 Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, May 16th. Barclays decreased their target price on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a report on Thursday, April 4th. Four equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $108.57.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FinTrust Capital Advisors LLC grew its position in Alexandria Real Estate Equities by 275.9% in the first quarter. FinTrust Capital Advisors LLC now owns 218 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 160 shares in the last quarter. Riverview Trust Co purchased a new position in Alexandria Real Estate Equities in the fourth quarter worth about $32,000. Signaturefd LLC grew its position in Alexandria Real Estate Equities by 41.0% in the first quarter. Signaturefd LLC now owns 454 shares of the real estate investment trust’s stock worth $65,000 after acquiring an additional 132 shares in the last quarter. Hilton Capital Management LLC purchased a new position in Alexandria Real Estate Equities in the first quarter worth about $102,000. Finally, Northwestern Mutual Wealth Management Co. grew its position in Alexandria Real Estate Equities by 53.6% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 742 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 259 shares in the last quarter. Institutional investors own 98.09% of the company’s stock.

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.

See Also: What type of investment options does a Roth IRA provide?

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

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.