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

Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) Director Maria C. Freire sold 2,311 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 3,000 shares of the company’s stock, valued at approximately $489,120. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alexandria Real Estate Equities Stock Performance

ARE stock traded down $1.39 during trading hours on Monday, reaching $164.39. The stock had a trading volume of 37,778 shares, compared to its average volume of 1,094,768. The stock has a market capitalization of $26.82 billion, a PE ratio of 89.61, a price-to-earnings-growth ratio of 2.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a 50-day simple moving average of $149.54 and a 200-day simple moving average of $175.59. Alexandria Real Estate Equities, Inc. has a fifty-two week low of $130.00 and a fifty-two week high of $224.95.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $1.01. The firm had revenue of $643.80 million during the quarter, compared to analysts’ expectations of $633.13 million. Alexandria Real Estate Equities had a net margin of 12.54% and a return on equity of 1.93%. The company’s revenue for the quarter was up 26.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.93 earnings per share. Analysts predict that Alexandria Real Estate Equities, Inc. will post 8.4 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on ARE shares. Mizuho reduced their target price on shares of 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. StockNews.com cut shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Credit Suisse Group started coverage on shares of Alexandria Real Estate Equities in a report on Wednesday, June 22nd. They set a “neutral” rating and a $140.00 target price for the company. Finally, JMP Securities reduced their target price on shares of Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating for the company in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of “Moderate Buy” and a consensus price target of $193.40.

Hedge Funds Weigh In On Alexandria Real Estate Equities

Large investors have recently modified their holdings of the stock. Confluence Wealth Services Inc. bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $27,000. DB Wealth Management Group LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at about $26,000. Bank of New Hampshire bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at about $28,000. Tcwp LLC bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at about $31,000. Finally, Riverview Trust Co bought a new position in shares of Alexandria Real Estate Equities in the first quarter valued at about $32,000. 94.49% of the stock is owned by institutional investors.

Alexandria Real Estate Equities Company Profile

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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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