Insider Selling: Alexandria Real Estate Equities Inc (NYSE:ARE) EVP Sells 1,200 Shares of Stock

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Alexandria Real Estate Equities Inc (NYSE:ARE) EVP Marc E. Binda sold 1,200 shares of the business’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $172.04, for a total value of $206,448.00. Following the sale, the executive vice president now directly owns 48,966 shares in the company, valued at $8,424,110.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

NYSE:ARE opened at $174.93 on Friday. The firm has a market capitalization of $21.30 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 5.17 and a beta of 0.76. Alexandria Real Estate Equities Inc has a 1-year low of $133.38 and a 1-year high of $175.02. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.67. The business’s fifty day moving average price is $163.34 and its 200 day moving average price is $156.30.

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

A number of equities research analysts have recently issued reports on ARE shares. Royal Bank of Canada lowered Alexandria Real Estate Equities from a “top pick” rating to an “outperform” rating and boosted their target price for the stock from $155.00 to $165.00 in a research report on Wednesday, December 18th. Mizuho started coverage on Alexandria Real Estate Equities in a research report on Monday, February 3rd. They set a “buy” rating and a $190.00 target price on the stock. Barclays boosted their target price on Alexandria Real Estate Equities from $153.00 to $155.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised Alexandria Real Estate Equities from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $147.00 to $169.00 in a research report on Wednesday, December 18th. Finally, Citigroup boosted their target price on Alexandria Real Estate Equities from $178.00 to $195.00 and gave the stock a “buy” rating in a research report on Thursday. Seven equities research 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 company. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and a consensus target price of $134.69.

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

Alexandria Real Estate Equities Company Profile

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

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