Alexandria Real Estate Equities Inc (NYSE:ARE) COO Jennifer Banks Sells 2,500 Shares

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Alexandria Real Estate Equities Inc (NYSE:ARE) COO Jennifer Banks sold 2,500 shares of Alexandria Real Estate Equities stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $172.70, for a total transaction of $431,750.00. Following the transaction, the chief operating officer now owns 64,556 shares in the company, valued at approximately $11,148,821.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ARE stock opened at $174.93 on Friday. The firm has a market cap of $21.30 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 5.17 and a beta of 0.76. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.67. Alexandria Real Estate Equities Inc has a 12-month low of $133.38 and a 12-month high of $175.02. The company’s fifty day simple moving average is $163.34 and its 200 day simple moving average is $156.30.

Alexandria Real Estate Equities (NYSE:ARE) last released its earnings results on Monday, February 3rd. The real estate investment trust reported $1.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.78 by ($0.04). Alexandria Real Estate Equities had a net margin of 23.72% and a return on equity of 4.07%. The firm had revenue of $408.11 million during the quarter, compared to analyst estimates of $398.98 million. During the same quarter in the previous year, the firm earned $1.68 EPS. Alexandria Real Estate Equities’s quarterly revenue was up 19.9% on a year-over-year basis. Research analysts expect that Alexandria Real Estate Equities Inc will post 7.39 earnings per share for the current year.

A number of brokerages have recently commented on ARE. Barclays boosted their target price on shares of Alexandria Real Estate Equities from $153.00 to $155.00 and gave the company an “equal weight” rating in a report on Tuesday, January 14th. Royal Bank of Canada lowered shares of Alexandria Real Estate Equities from a “top pick” rating to an “outperform” rating and boosted their target price for the company from $155.00 to $165.00 in a report on Wednesday, December 18th. Evercore ISI began coverage on shares of Alexandria Real Estate Equities in a report on Friday, February 7th. They issued a “buy” rating and a $182.00 target price on the stock. Mizuho began coverage on shares of Alexandria Real Estate Equities in a report on Monday, February 3rd. They issued a “buy” rating and a $190.00 target price on the stock. Finally, Robert W. Baird boosted their target price on shares of Alexandria Real Estate Equities from $162.00 to $168.00 and gave the company a “neutral” rating in a report on Wednesday, February 5th. Seven investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $134.69.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Point72 Hong Kong Ltd bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $839,000. Captrust Financial Advisors bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $3,536,000. Orion Portfolio Solutions LLC bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $60,000. Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of Alexandria Real Estate Equities during the fourth quarter worth about $727,000. Finally, First Republic Investment Management Inc. increased its position in shares of Alexandria Real Estate Equities by 2.6% during the fourth quarter. First Republic Investment Management Inc. now owns 61,338 shares of the real estate investment trust’s stock worth $9,911,000 after acquiring an additional 1,556 shares in the last quarter. 93.34% of the stock is owned by hedge funds and other institutional investors.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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