Insider Selling: Alexandria Real Estate Equities Inc (ARE) Insider Sells $1,300,100.00 in Stock

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Alexandria Real Estate Equities Inc (NYSE:ARE) insider Joel S. Marcus sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $130.01, for a total value of $1,300,100.00. Following the sale, the insider now directly owns 557,312 shares in the company, valued at $72,456,133.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of NYSE ARE opened at $134.51 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.70. Alexandria Real Estate Equities Inc has a 1-year low of $109.04 and a 1-year high of $134.70. The company has a market cap of $14.92 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 3.14 and a beta of 0.91.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, February 4th. The real estate investment trust reported ($0.30) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($1.99). Alexandria Real Estate Equities had a return on equity of 5.28% and a net margin of 28.57%. The company had revenue of $340.50 million for the quarter, compared to the consensus estimate of $348.01 million. During the same period in the previous year, the firm earned $1.53 earnings per share. The company’s revenue was up 14.0% compared to the same quarter last year. As a group, analysts predict that Alexandria Real Estate Equities Inc will post 6.94 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Friday, December 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.93. Alexandria Real Estate Equities’s payout ratio is 58.79%.

Several large investors have recently made changes to their positions in the business. Cigna Investments Inc. New boosted its position in shares of Alexandria Real Estate Equities by 3.6% during the fourth quarter. Cigna Investments Inc. New now owns 3,185 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 110 shares during the period. Quadrant Capital Management LLC boosted its position in shares of Alexandria Real Estate Equities by 0.8% during the fourth quarter. Quadrant Capital Management LLC now owns 13,452 shares of the real estate investment trust’s stock valued at $1,550,000 after buying an additional 111 shares during the period. KBC Group NV boosted its position in shares of Alexandria Real Estate Equities by 0.6% during the fourth quarter. KBC Group NV now owns 20,651 shares of the real estate investment trust’s stock valued at $2,380,000 after buying an additional 115 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Alexandria Real Estate Equities by 6.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,231 shares of the real estate investment trust’s stock valued at $257,000 after buying an additional 128 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of Alexandria Real Estate Equities by 6.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,502 shares of the real estate investment trust’s stock valued at $288,000 after buying an additional 142 shares during the period.

Several brokerages have weighed in on ARE. Zacks Investment Research cut Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Barclays reduced their price objective on Alexandria Real Estate Equities from $126.00 to $125.00 and set an “overweight” rating on the stock in a research note on Monday, December 3rd. Citigroup raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $133.00 to $144.00 in a research note on Monday, December 3rd. Finally, Royal Bank of Canada raised Alexandria Real Estate Equities from an “outperform” rating to a “top pick” rating in a research note on Friday, December 14th. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $105.14.

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About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500 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 $19.1 billion and an asset base in North America of 32.2 million square feet (“SF”) as of September 30, 2018.

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