Jackie B. Clem Sells 794 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) General Counsel Jackie B. Clem sold 794 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Wednesday, July 27th. The stock was sold at an average price of $156.60, for a total value of $124,340.40. Following the completion of the transaction, the general counsel now owns 22,824 shares of the company’s stock, valued at approximately $3,574,238.40. The sale was disclosed in a document filed with the SEC, which is available at this link.

Alexandria Real Estate Equities Stock Up 1.6 %

Shares of Alexandria Real Estate Equities stock opened at $165.78 on Friday. The business’s fifty day moving average price is $149.54 and its two-hundred day moving average price is $175.83. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.23 and a quick ratio of 0.40. The company has a market capitalization of $27.05 billion, a P/E ratio of 89.61, a PEG ratio of 2.41 and a beta of 0.88. Alexandria Real Estate Equities, Inc. has a 1-year low of $130.00 and a 1-year high of $224.95.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last announced its earnings results on Monday, July 25th. The real estate investment trust reported $1.67 earnings per share for the quarter, beating the consensus estimate of $0.66 by $1.01. The firm had revenue of $643.80 million for the quarter, compared to the consensus estimate of $633.13 million. Alexandria Real Estate Equities had a return on equity of 1.93% and a net margin of 12.54%. The firm’s revenue for the quarter was up 26.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 EPS. As a group, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 8.4 EPS for the current year.

Alexandria Real Estate Equities Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a $1.18 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date of this dividend was Wednesday, June 29th. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.15. Alexandria Real Estate Equities’s payout ratio is currently 255.14%.

Institutional Trading of Alexandria Real Estate Equities

Hedge funds and other institutional investors have recently modified their holdings of the company. Industrial Alliance Investment Management Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth $26,000. DB Wealth Management Group LLC bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth $26,000. Confluence Wealth Services Inc. bought a new stake in shares of Alexandria Real Estate Equities in the 4th quarter worth $27,000. Bank of New Hampshire bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth $28,000. Finally, Tcwp LLC bought a new stake in shares of Alexandria Real Estate Equities in the 1st quarter worth $31,000. Institutional investors own 94.49% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ARE. JMP Securities cut their price target on Alexandria Real Estate Equities from $230.00 to $200.00 and set a “market outperform” rating on the stock in a report on Wednesday. Mizuho cut their price target on Alexandria Real Estate Equities from $219.00 to $172.00 and set a “buy” rating on the stock in a report on Thursday, June 23rd. StockNews.com downgraded Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a report on Thursday, April 28th. Finally, 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 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $193.40.

Alexandria Real Estate Equities Company Profile

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Alexandria Real Estate Equities, Inc (NYSE:ARE), an 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").