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.
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
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