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 stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $189.55, for a total value of $353,510.75. Following the completion of the transaction, the general counsel now directly owns 24,039 shares of the company’s stock, valued at $4,556,592.45. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

ARE stock traded down $8.28 during trading on Friday, hitting $182.16. 1,375,830 shares of the company’s stock were exchanged, compared to its average volume of 1,030,975. The business has a 50-day moving average price of $194.64 and a two-hundred day moving average price of $201.19. The stock has a market capitalization 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 posted 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 by ($1.71). The business 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’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.91 EPS. On average, equities research analysts anticipate that Alexandria Real Estate Equities, Inc. will post 8.4 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid a dividend of $1.15 per share. This represents a $4.60 annualized dividend and a yield of 2.53%. The ex-dividend date was Wednesday, March 30th. Alexandria Real Estate Equities’s payout ratio is 121.37%.

A number of hedge funds have recently bought and sold shares of ARE. Norges Bank purchased a new stake in Alexandria Real Estate Equities during the fourth quarter worth approximately $3,007,227,000. TCI Fund Management Ltd. lifted 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’s stock valued at $199,546,000 after buying an additional 881,359 shares during the last quarter. BlackRock Inc. lifted its stake in Alexandria Real Estate Equities by 6.0% in the fourth quarter. BlackRock Inc. now owns 14,913,187 shares of the real estate investment trust’s stock valued at $3,325,044,000 after buying an additional 842,831 shares during the last quarter. State Street Corp lifted its stake in Alexandria Real Estate Equities by 9.9% in the fourth quarter. State Street Corp now owns 9,128,518 shares of the real estate investment trust’s stock valued at $2,045,623,000 after buying an additional 822,034 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Alexandria Real Estate Equities by 31.8% in the third quarter. invesco ltd now owns 3,086,840 shares of the real estate investment trust’s stock valued at $589,803,000 after buying an additional 745,072 shares during the last quarter. Hedge funds and other institutional investors own 94.93% of the company’s stock.

ARE has been the subject of a number of analyst reports. The Street downgraded Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a research report on Friday, March 11th. Mizuho boosted their price objective on Alexandria Real Estate Equities from $200.00 to $219.00 in a research report on Thursday, January 20th. Finally, StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued 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 (Get Rating)

Alexandria Real Estate Equities, Inc (NYSE:ARE), on the S&P 500^® 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”).

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