Alexandria Real Estate Equities Inc (NYSE:ARE) Director Sells $965,560.70 in Stock

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Alexandria Real Estate Equities Inc (NYSE:ARE) Director John H. Cunningham sold 5,590 shares of the business’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $172.73, for a total transaction of $965,560.70. Following the transaction, the director now owns 51,405 shares in the company, valued at $8,879,185.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Alexandria Real Estate Equities stock opened at $174.93 on Friday. The stock has a market cap of $21.30 billion, a PE ratio of 56.61, a price-to-earnings-growth ratio of 5.17 and a beta of 0.76. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.19 and a current ratio of 0.19. Alexandria Real Estate Equities Inc has a fifty-two week low of $133.38 and a fifty-two week high of $175.02. The firm’s 50-day simple moving average is $163.34 and its 200 day simple moving average is $156.30.

Alexandria Real Estate Equities (NYSE:ARE) last announced its quarterly earnings data on Monday, February 3rd. The real estate investment trust reported $1.74 EPS for the quarter, missing the consensus estimate of $1.78 by ($0.04). The company had revenue of $408.11 million during the quarter, compared to the consensus estimate of $398.98 million. Alexandria Real Estate Equities had a return on equity of 4.07% and a net margin of 23.72%. The business’s revenue was up 19.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 EPS. As a group, analysts predict that Alexandria Real Estate Equities Inc will post 7.39 EPS for the current fiscal year.

Several research firms recently weighed in on ARE. Citigroup boosted their price target on shares of Alexandria Real Estate Equities from $178.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Alexandria Real Estate Equities from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $147.00 to $169.00 in a report on Wednesday, December 18th. Robert W. Baird boosted their price target on shares of Alexandria Real Estate Equities from $162.00 to $168.00 and gave the stock a “neutral” rating in a report on Wednesday, February 5th. Evercore ISI began coverage on shares of Alexandria Real Estate Equities in a report on Friday, February 7th. They set a “buy” rating and a $182.00 price target on the stock. Finally, Royal Bank of Canada cut shares of Alexandria Real Estate Equities from a “top pick” rating to an “outperform” rating and boosted their price target for the stock from $155.00 to $165.00 in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Alexandria Real Estate Equities has a consensus rating of “Buy” and an average target price of $134.69.

A number of hedge funds have recently made changes to their positions in ARE. Goldman Sachs Group Inc. raised its position in Alexandria Real Estate Equities by 128.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,288,791 shares of the real estate investment trust’s stock worth $692,982,000 after acquiring an additional 2,409,703 shares during the period. PGGM Investments raised its position in Alexandria Real Estate Equities by 105.0% in the fourth quarter. PGGM Investments now owns 1,294,410 shares of the real estate investment trust’s stock worth $209,151,000 after acquiring an additional 662,920 shares during the period. Principal Financial Group Inc. raised its position in Alexandria Real Estate Equities by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 5,337,968 shares of the real estate investment trust’s stock worth $862,509,000 after acquiring an additional 181,054 shares during the period. Russell Investments Group Ltd. raised its position in Alexandria Real Estate Equities by 35.6% in the third quarter. Russell Investments Group Ltd. now owns 555,250 shares of the real estate investment trust’s stock worth $85,411,000 after acquiring an additional 145,713 shares during the period. Finally, Resolution Capital Ltd raised its position in Alexandria Real Estate Equities by 6.8% in the fourth quarter. Resolution Capital Ltd now owns 1,631,759 shares of the real estate investment trust’s stock worth $263,660,000 after acquiring an additional 103,563 shares during the period. 93.34% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Monthly Dividend Stocks

Insider Buying and Selling by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

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