Insider Selling: Alexandria Real Estate Equities Inc (ARE) CFO Sells $3,869,250.00 in Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) CFO Dean A. Shigenaga sold 35,000 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $110.55, for a total value of $3,869,250.00. Following the sale, the chief financial officer now directly owns 110,299 shares in the company, valued at approximately $12,193,554.45. The sale was disclosed in a document filed with the SEC, which is available at this link.

Alexandria Real Estate Equities Inc (NYSE:ARE) opened at 110.41 on Tuesday. Alexandria Real Estate Equities Inc has a 12 month low of $88.22 and a 12 month high of $120.96. The company’s market cap is $9.81 billion. The firm has a 50-day moving average price of $114.33 and a 200 day moving average price of $110.03.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, January 30th. The real estate investment trust reported $1.42 EPS for the quarter, beating the consensus estimate of $0.27 by $1.15. Alexandria Real Estate Equities had a negative return on equity of 0.78% and a negative net margin of 8.78%. The company had revenue of $249.20 million for the quarter, compared to the consensus estimate of $181.32 million. During the same quarter in the prior year, the business earned $1.33 earnings per share. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities analysts expect that Alexandria Real Estate Equities Inc will post $1.62 earnings per share for the current year.

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

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Stockholders of record on Friday, March 31st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Wednesday, March 29th. Alexandria Real Estate Equities’s payout ratio is -165.17%.

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Several institutional investors have recently bought and sold shares of the stock. Ladenburg Thalmann Financial Services Inc. increased its position in Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 41 shares during the last quarter. Capstone Asset Management Co. increased its position in Alexandria Real Estate Equities by 0.7% in the third quarter. Capstone Asset Management Co. now owns 7,092 shares of the real estate investment trust’s stock valued at $771,000 after buying an additional 50 shares during the last quarter. Oakbrook Investments LLC increased its position in Alexandria Real Estate Equities by 5.3% in the third quarter. Oakbrook Investments LLC now owns 3,939 shares of the real estate investment trust’s stock valued at $428,000 after buying an additional 200 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Alexandria Real Estate Equities by 1.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,757 shares of the real estate investment trust’s stock valued at $1,307,000 after buying an additional 224 shares during the last quarter. Finally, Suntrust Banks Inc. increased its position in Alexandria Real Estate Equities by 8.4% in the third quarter. Suntrust Banks Inc. now owns 3,111 shares of the real estate investment trust’s stock valued at $338,000 after buying an additional 242 shares during the last quarter. 97.06% of the stock is currently owned by institutional investors.

ARE has been the topic of several recent research reports. Mizuho reissued a “buy” rating on shares of Alexandria Real Estate Equities in a report on Friday, December 23rd. Zacks Investment Research upgraded Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research report on Wednesday, January 11th. Barclays PLC cut their target price on Alexandria Real Estate Equities from $121.00 to $116.00 and set an “overweight” rating for the company in a research report on Monday, January 23rd. Finally, Evercore ISI downgraded Alexandria Real Estate Equities to a “buy” rating in a research report on Friday, March 3rd. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $117.25.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

5 Day Chart for NYSE:ARE

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