Maria C. Freire Sells 2,311 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock

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Alexandria Real Estate Equities, Inc. (NYSE:AREGet Rating) Director Maria C. Freire sold 2,311 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $163.04, for a total transaction of $376,785.44. Following the transaction, the director now owns 3,000 shares in the company, valued at approximately $489,120. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE opened at $164.32 on Tuesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $26.81 billion, a PE ratio of 88.82, a PEG ratio of 2.56 and a beta of 0.92. The firm’s fifty day simple moving average is $149.62 and its 200 day simple moving average is $175.27. Alexandria Real Estate Equities, Inc. has a 1 year low of $130.00 and a 1 year high of $224.95.

Alexandria Real Estate Equities (NYSE:AREGet Rating) last posted its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $1.01. The company had revenue of $643.80 million for the quarter, compared to analyst estimates of $633.13 million. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. The business’s quarterly revenue was up 26.3% on a year-over-year basis. During the same period last year, the business posted $1.93 EPS. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.4 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were given a $1.18 dividend. This represents a $4.72 annualized dividend and a yield of 2.87%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Wednesday, June 29th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 255.14%.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Industrial Alliance Investment Management Inc. acquired a new stake in Alexandria Real Estate Equities in the 4th quarter worth $26,000. DB Wealth Management Group LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $26,000. Confluence Wealth Services Inc. acquired a new stake in shares of Alexandria Real Estate Equities during the 4th quarter valued at about $27,000. Bank of New Hampshire acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $28,000. Finally, Tcwp LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 1st quarter valued at about $31,000. 94.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ARE has been the topic of a number of recent research reports. JMP Securities cut their price target on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating on the stock in a report on Wednesday, July 27th. Credit Suisse Group initiated coverage on shares of Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 price target on the stock. Mizuho lowered their target price on shares of Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating on the stock in a research note on Thursday, June 23rd. Finally, StockNews.com lowered shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research note on Thursday, April 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $193.40.

Alexandria Real Estate Equities Company Profile

(Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> urban office real estate investment trust (“REIT”), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet (“SF”).

Further Reading

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