Alexandria Real Estate Equities, Inc. (NYSE:ARE) General Counsel Jackie B. Clem Sells 1,865 Shares

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.

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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”)).

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

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