Insider Buying: Alexandria Real Estate Equities, Inc. (ARE) Director Acquires 100 Shares of Stock

Alexandria Real Estate Equities, Inc. (NYSE:ARE) Director James P. Cain acquired 100 shares of the business’s stock in a transaction dated Friday, June 2nd. The stock was acquired at an average price of $119.39 per share, for a total transaction of $11,939.00. Following the completion of the transaction, the director now owns 3,228 shares in the company, valued at approximately $385,390.92. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Alexandria Real Estate Equities, Inc. (ARE) opened at 121.13 on Tuesday. The firm’s 50-day moving average price is $118.41 and its 200-day moving average price is $114.06. Alexandria Real Estate Equities, Inc. has a 52 week low of $101.31 and a 52 week high of $122.28. The stock’s market cap is $11.03 billion.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.45 by $0.03. Alexandria Real Estate Equities had a positive return on equity of 0.22% and a negative net margin of 5.03%. The firm had revenue of $270.90 million for the quarter, compared to analyst estimates of $261.67 million. During the same period in the previous year, the firm earned $1.34 earnings per share. The company’s revenue was up 25.4% compared to the same quarter last year. Equities analysts predict that Alexandria Real Estate Equities, Inc. will post $1.62 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were paid a $0.86 dividend. The ex-dividend date was Wednesday, June 28th. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. This represents a $3.44 annualized dividend and a yield of 2.84%. Alexandria Real Estate Equities’s payout ratio is -205.99%.

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A number of institutional investors have recently modified their holdings of the stock. Perigon Wealth Management LLC raised its position in shares of Alexandria Real Estate Equities by 395.0% in the first quarter. Perigon Wealth Management LLC now owns 990 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 790 shares during the period. First Personal Financial Services raised its position in shares of Alexandria Real Estate Equities by 28.6% in the first quarter. First Personal Financial Services now owns 1,031 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 229 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Alexandria Real Estate Equities by 4.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,040 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 41 shares during the last quarter. Invictus RG purchased a new position in shares of Alexandria Real Estate Equities during the first quarter worth $133,000. Finally, Victory Capital Management Inc. purchased a new position in shares of Alexandria Real Estate Equities during the first quarter worth $179,000.

A number of brokerages have recently weighed in on ARE. TheStreet upgraded Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research report on Monday, May 1st. Barclays PLC lifted their price objective on Alexandria Real Estate Equities from $126.00 to $129.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 19th. BidaskClub lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Zacks Investment Research lowered Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a research report on Tuesday, April 4th. Finally, Evercore ISI upgraded Alexandria Real Estate Equities from an “in-line” rating to an “outperform” rating and set a $123.00 price target on the stock in a research report on Tuesday, March 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and an average target price of $121.13.

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.

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

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