Alexandria Real Estate Equities, Inc. (NYSE:ARE) EVP Sells $510,664.00 in Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) EVP Marc E. Binda sold 3,316 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $154.00, for a total value of $510,664.00. Following the completion of the transaction, the executive vice president now owns 49,413 shares of the company’s stock, valued at approximately $7,609,602. The sale was disclosed in a document filed with the SEC, which is available at this link.

Alexandria Real Estate Equities Trading Down 1.8%

Shares of Alexandria Real Estate Equities stock traded down $2.74 on Monday, reaching $150.58. 817,062 shares of the company were exchanged, compared to its average volume of 987,268. The stock has a fifty-day moving average price of $143.15 and a 200-day moving average price of $149.64. The firm has a market capitalization of $24.71 billion, a price-to-earnings ratio of 45.77, a price-to-earnings-growth ratio of 2.36 and a beta of 0.91. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $126.74 and a fifty-two week high of $224.95.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last issued its earnings results on Tuesday, October 25th. The real estate investment trust reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). Alexandria Real Estate Equities had a net margin of 21.73% and a return on equity of 3.03%. The firm had revenue of $659.90 million during the quarter, compared to analysts’ expectations of $657.48 million. During the same quarter last year, the firm earned $1.95 EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post 8.41 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a dividend of $1.21 per share. This represents a $4.84 annualized dividend and a dividend yield of 3.21%. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.18. Alexandria Real Estate Equities’ dividend payout ratio is 143.47%.

Institutional Trading of Alexandria Real Estate Equities

Large investors have recently made changes to their positions in the stock. Ronald Blue Trust Inc. bought a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth about $25,000. DB Wealth Management Group LLC acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth about $26,000. Tcwp LLC acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth about $31,000. Glassman Wealth Services lifted its position in shares of Alexandria Real Estate Equities by 137.2% during the 2nd quarter. Glassman Wealth Services now owns 204 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 118 shares during the last quarter. Finally, Anson Funds Management LP acquired a new position in shares of Alexandria Real Estate Equities during the 1st quarter worth about $42,000. Institutional investors own 91.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ARE. Robert W. Baird lifted their target price on Alexandria Real Estate Equities from $151.00 to $162.00 in a research report on Friday. BTIG Research reduced their price objective on Alexandria Real Estate Equities from $233.00 to $186.00 in a research report on Wednesday, October 19th. StockNews.com assumed coverage on Alexandria Real Estate Equities in a research report on Wednesday, October 12th. They set a “sell” rating for the company. JMP Securities restated a “buy” rating and set a $180.00 price objective on shares of Alexandria Real Estate Equities in a research report on Thursday, October 6th. Finally, Evercore ISI reduced their price objective on Alexandria Real Estate Equities to $168.00 in a research report on Friday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Moderate Buy” and an average target price of $173.43.

About Alexandria Real Estate Equities

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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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