Alexandria Real Estate Equities Inc (NYSE:ARE) Insider Thomas J. Andrews Sells 16,250 Shares

Alexandria Real Estate Equities Inc (NYSE:ARE) insider Thomas J. Andrews sold 16,250 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $173.13, for a total value of $2,813,362.50. Following the completion of the transaction, the insider now owns 138,547 shares in the company, valued at approximately $23,986,642.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of ARE opened at $174.93 on Friday. The stock’s 50-day moving average is $163.34 and its two-hundred day moving average is $156.30. The stock has a market cap of $21.30 billion, a PE ratio of 56.61, a P/E/G ratio of 5.17 and a beta of 0.76. Alexandria Real Estate Equities Inc has a 12 month low of $133.38 and a 12 month high of $175.02. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.19 and a quick ratio of 0.19.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, February 3rd. The real estate investment trust reported $1.74 EPS for the quarter, missing the Zacks’ consensus estimate of $1.78 by ($0.04). The company had revenue of $408.11 million for the quarter, compared to analyst estimates of $398.98 million. Alexandria Real Estate Equities had a return on equity of 4.07% and a net margin of 23.72%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.68 EPS. On average, research analysts anticipate that Alexandria Real Estate Equities Inc will post 7.39 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Voloridge Investment Management LLC increased its position in shares of Alexandria Real Estate Equities by 88.0% during the third quarter. Voloridge Investment Management LLC now owns 68,726 shares of the real estate investment trust’s stock worth $10,587,000 after acquiring an additional 32,168 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of Alexandria Real Estate Equities during the third quarter worth about $624,000. Copeland Capital Management LLC increased its position in shares of Alexandria Real Estate Equities by 2.2% during the third quarter. Copeland Capital Management LLC now owns 67,671 shares of the real estate investment trust’s stock worth $10,424,000 after acquiring an additional 1,465 shares during the last quarter. Boston Trust Walden Corp increased its position in shares of Alexandria Real Estate Equities by 6.0% during the fourth quarter. Boston Trust Walden Corp now owns 31,937 shares of the real estate investment trust’s stock worth $5,161,000 after acquiring an additional 1,797 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in shares of Alexandria Real Estate Equities by 123.9% during the third quarter. Point72 Asset Management L.P. now owns 7,441 shares of the real estate investment trust’s stock worth $1,146,000 after acquiring an additional 4,118 shares during the last quarter. Institutional investors own 93.34% of the company’s stock.

ARE has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded Alexandria Real Estate Equities from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $147.00 to $169.00 in a report on Wednesday, December 18th. Citigroup lifted their target price on Alexandria Real Estate Equities from $178.00 to $195.00 and gave the company a “buy” rating in a report on Thursday. Evercore ISI assumed coverage on Alexandria Real Estate Equities in a report on Friday, February 7th. They issued a “buy” rating and a $182.00 target price on the stock. Raymond James set a $26.00 price objective on Alexandria Real Estate Equities and gave the stock a “strong-buy” rating in a research note on Saturday, December 21st. Finally, Barclays boosted their price objective on Alexandria Real Estate Equities from $153.00 to $155.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 14th. Seven equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $134.69.

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.

Further Reading: Equal Weight Rating

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

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