Alexandria Real Estate Equities, Inc. (NYSE:ARE) Major Shareholder Purchases $3,500,000.00 in Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) major shareholder Real Estate Equitie Alexandria acquired 3,500,000 shares of the firm’s stock in a transaction on Monday, June 27th. The shares were bought at an average cost of $1.00 per share, with a total value of $3,500,000.00. Following the completion of the acquisition, the insider now directly owns 4,555,077 shares in the company, valued at approximately $4,555,077. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

NYSE ARE traded up $0.04 on Wednesday, hitting $144.54. 905,668 shares of the stock traded hands, compared to its average volume of 1,096,256. The business’s fifty day moving average is $162.50 and its two-hundred day moving average is $186.67. Alexandria Real Estate Equities, Inc. has a 12 month low of $130.00 and a 12 month high of $224.95. The firm has a market capitalization of $23.59 billion, a price-to-earnings ratio of 51.81, a PEG ratio of 2.21 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.40 and a current ratio of 0.40.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings data 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). Alexandria Real Estate Equities had a net margin of 18.30% and a return on equity of 2.28%. The firm had revenue of $615.10 million for the quarter, compared to the consensus estimate of $595.35 million. During the same period last year, the company posted $1.91 earnings per share. Alexandria Real Estate Equities’s revenue for the quarter was up 28.2% on a year-over-year basis. Analysts expect that Alexandria Real Estate Equities, Inc. will post 8.4 EPS for the current fiscal year.

(Ad)

Most people are terrible at buying and selling stocks at the right time, but the TradeSmith app takes the emotion out of investing.

Our back test shows, the average investor would’ve made $97,347 more just by using the TradeSmith app analyzer software.

Check out this FREE video.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be issued a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a yield of 3.27%. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, June 29th. Alexandria Real Estate Equities’ dividend payout ratio is 164.88%.

A number of brokerages have commented on ARE. Mizuho decreased their price objective on Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating for the company in a report on Thursday, June 23rd. The Street lowered Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a report on Friday, March 11th. Credit Suisse Group began coverage on Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $140.00 target price for the company. Finally, StockNews.com lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities presently has a consensus rating of “Moderate Buy” and a consensus target price of $166.17.

Several large investors have recently bought and sold shares of the business. Brasada Capital Management LP lifted its position in shares of Alexandria Real Estate Equities by 3.5% during the first quarter. Brasada Capital Management LP now owns 33,307 shares of the real estate investment trust’s stock worth $6,703,000 after acquiring an additional 1,133 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Alexandria Real Estate Equities by 3.9% during the first quarter. Bank of America Corp DE now owns 848,935 shares of the real estate investment trust’s stock worth $170,848,000 after acquiring an additional 31,675 shares in the last quarter. Mirae Asset Global Investments Co.Ltd. lifted its position in shares of Alexandria Real Estate Equities by 20.5% during the first quarter. Mirae Asset Global Investments Co.Ltd. now owns 24,128 shares of the real estate investment trust’s stock worth $4,855,000 after acquiring an additional 4,106 shares in the last quarter. Phocas Financial Corp. lifted its position in shares of Alexandria Real Estate Equities by 5.9% during the first quarter. Phocas Financial Corp. now owns 14,456 shares of the real estate investment trust’s stock worth $2,909,000 after acquiring an additional 801 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in shares of Alexandria Real Estate Equities by 8.4% during the first quarter. Advisory Services Network LLC now owns 1,270 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 94.49% of the company’s stock.

About Alexandria Real Estate Equities (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”).

So see

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Alexandria Real Estate Equities right now?

Before you consider Alexandria Real Estate Equities, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Alexandria Real Estate Equities wasn’t on the list.

While Alexandria Real Estate Equities currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here