Alexandria Real Estate Equities Inc (ARE) Director Maria C. Freire Sells 2,174 Shares

Alexandria Real Estate Equities Inc (NYSE:ARE) Director Maria C. Freire sold 2,174 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, May 4th. The stock was sold at an average price of $113.30, for a total transaction of $246,314.20. Following the completion of the transaction, the director now directly owns 5,464 shares in the company, valued at approximately $619,071.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Alexandria Real Estate Equities Inc (NYSE:ARE) traded up 0.50% during trading on Friday, hitting $117.67. 479,862 shares of the company traded hands. The company’s 50-day moving average is $114.04 and its 200 day moving average is $111.88. Alexandria Real Estate Equities Inc has a 52-week low of $94.98 and a 52-week high of $120.96. The firm’s market cap is $10.72 billion.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data on Monday, May 1st. The real estate investment trust reported $1.48 EPS for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. Alexandria Real Estate Equities had a negative return on equity of 0.78% and a negative net margin of 8.78%. The firm had revenue of $270.90 million during the quarter, compared to the consensus estimate of $261.67 million. During the same period in the prior year, the business earned $1.34 EPS. The firm’s revenue was up 25.4% on a year-over-year basis. On average, equities analysts anticipate that Alexandria Real Estate Equities Inc will post $1.65 earnings per share for the current year.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in ARE. BlackRock Inc. boosted its position in Alexandria Real Estate Equities by 3,165.7% in the first quarter. BlackRock Inc. now owns 8,350,227 shares of the real estate investment trust’s stock valued at $922,867,000 after buying an additional 8,094,530 shares during the last quarter. Vanguard Group Inc. boosted its position in Alexandria Real Estate Equities by 20.5% in the first quarter. Vanguard Group Inc. now owns 14,752,505 shares of the real estate investment trust’s stock valued at $1,630,446,000 after buying an additional 2,504,746 shares during the last quarter. State Street Corp boosted its position in Alexandria Real Estate Equities by 31.4% in the first quarter. State Street Corp now owns 4,969,276 shares of the real estate investment trust’s stock valued at $549,191,000 after buying an additional 1,186,353 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Alexandria Real Estate Equities by 152.5% in the first quarter. JPMorgan Chase & Co. now owns 1,742,259 shares of the real estate investment trust’s stock valued at $192,555,000 after buying an additional 1,052,130 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its position in Alexandria Real Estate Equities by 159.0% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,266,286 shares of the real estate investment trust’s stock valued at $139,950,000 after buying an additional 777,356 shares during the last quarter. 97.06% of the stock is owned by institutional investors.

ARE has been the subject of a number of recent analyst reports. Barclays PLC lowered their target price on shares of Alexandria Real Estate Equities from $121.00 to $116.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, January 26th. Evercore ISI cut shares of Alexandria Real Estate Equities to a “buy” rating in a research note on Friday, March 3rd. Mizuho reiterated a “buy” rating and issued a $125.00 target price on shares of Alexandria Real Estate Equities in a research note on Monday, March 20th. Finally, TheStreet upgraded shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Alexandria Real Estate Equities currently has a consensus rating of “Buy” and an average target price of $118.88.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc is a real estate investment (REIT). The Company is engaged in the business of providing space for lease to the life science and technology industries. It focuses on collaborative life science and technology campuses. It develops urban cluster campuses and ecosystems.

12 Month Chart for NYSE:ARE

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