Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) General Counsel Jackie B. Clem sold 1,865 shares of Alexandria Real Estate Equities in a transaction on Wednesday, April 27. The shares sold at an average price of $189.55 for a total value of $353,510.75. Following the closing of the transaction, the General Counsel now directly owns 24,039 shares of the Company, valued at $4,556,592.45. The transaction was disclosed in a legal filing with the SEC available at this link.
ARE stock fell $8.28 during Friday trade to hit $182.16. 1,375,830 shares of the Company were exchanged compared to an average volume of 1,030,975. The company has a 50-day moving average price of $194.64 and a 200-day moving average price of $201.19. The stock has a market cap of $29.73 billion, a price-to-earnings ratio of 48.88, a PEG ratio of 3.08, and a beta of 0.82. Alexandria Real Estate Equities, Inc. has a 52-week low of $171.50 and a 52-week high of $224.95. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt to equity ratio of 0.46.
Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last reported its earnings results on Monday, April 25th. The Real Estate Investment Trust reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.75 ($1.71). The company had revenue of $615.10 million for the quarter, compared to analysts’ expectations of $595.35 million. Alexandria Real Estate Equities had a return on equity of 3.40% and a net margin of 26.93%. Alexandria Real Estate Equities revenue increased 28.2% for the quarter compared to the year-ago quarter. In the same quarter last year, the company earned $1.91 per share. On average, equities analysts expect Alexandria Real Estate Equities, Inc. to post earnings per share of 8.4 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. A dividend of $1.15 per share was paid to investors of record on Thursday, March 31st. That equates to an annualized dividend of $4.60 and a yield of 2.53%. The ex-dividend date was Wednesday March 30th. Alexandria Real Estate Equities payout ratio is 121.37%.
A number of hedge funds have recently bought and sold shares in ARE. Norges Bank acquired a new stake in Alexandria Real Estate Equities valued at approximately $3,007,227,000 during the fourth quarter. TCI Fund Management Ltd. increased its stake in Alexandria Real Estate Equities by 540.7% in the third quarter. TCI Fund Management Ltd. now owns 1,044,359 shares of the Real Estate Investment Trust worth $199,546,000 after purchasing an additional 881,359 shares last quarter. BlackRock Inc. increased its holding in Alexandria Real Estate Equities by 6.0% in the fourth quarter. BlackRock Inc. now owns 14,913,187 shares of Real Estate Investment Trust valued at $3,325,044,000 after purchasing an additional 842,831 shares last quarter. State Street Corp increased its holding in Alexandria Real Estate Equities by 9.9% in the fourth quarter. State Street Corp now owns 9,128,518 shares of Real Estate Investment Trust worth $2,045,623,000 after purchasing an additional 822,034 shares last quarter. Finally, Invesco Ltd. its stake in Alexandria Real Estate Equities rose 31.8% in the third quarter. invesco ltd now owns 3,086,840 shares of Real Estate Investment Trust valued at $589,803,000 after purchasing an additional 745,072 shares last quarter. Hedge funds and other institutional investors own 94.93% of the company’s shares.
ARE has been the subject of a number of analyst reports. TheStreet downgraded Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a research report on Friday, March 11. Mizuho raised its target price on Alexandria Real Estate Equities from $200.00 to $219.00 in a research report on Thursday, January 20. Finally, StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report Thursday. One investment analyst has assigned a sell rating to the stock, one has given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Alexandria Real Estate Equities has a consensus rating of Buy and an average target price of $180.80.
Alexandria Real Estate Equities Company Profile (received rating)
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500®– Urban Office Investment Trust (“REIT”), is the first, longest-serving and pioneering owner, operator and developer with a unique focus on collaborative life science, technology and agtech campuses in locations of AAA innovation clusters with a total market capitalization of $31.9 billion as of December 31, 2020 and a North American asset base of 49.7 million square feet (“SF”)).
This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]
Should You Invest $1,000 in Alexandria Real Estate Equities Now?
Hear this before you consider Alexandria Real Estate Equities.
MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now, before the broader market takes hold… and Alexandria Real Estate Equities wasn’t on the list.
While Alexandria Real Estate Equities is currently rated a Buy by analysts, top analysts believe these five stocks are better buys.
Check out the 5 stocks here