Insider Selling: Alexandria Real Estate Equities, Inc. (NYSE: ARE) Manager Sells 5,544 Shares
Alexandria Real Estate Equities, Inc. (NYSE:ARE) Director Hunter Kass sold 5,544 shares of the company in a trade on Wednesday, February 16. The stock was sold at an average price of $184.96, for a total transaction of $1,025,418.24. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink.
Hunter Kass also recently completed the following trade(s):
- On Monday, February 7, Hunter Kass sold 5,544 shares of Alexandria Real Estate Equities. The shares were sold at an average price of $188.89, for a total transaction of $1,047,206.16.
Shares of ARE traded down $0.40 during Friday’s midday session, hitting $185.61. The stock recorded a trading volume of 785,833 shares, compared to an average volume of 1,158,704 shares. The company has a debt ratio of 0.46, a current ratio of 0.19 and a quick ratio of 0.19. Alexandria Real Estate Equities, Inc. has a 52-week low of $154.37 and a 52-week high of $224.95. The company’s fifty-day moving average is $204.42 and its 200-day moving average is $203.58. The company has a market capitalization of $29.69 billion, a price/earnings ratio of 49.08, a P/E/G ratio of 2.90 and a beta of 0.83.
Alexandria Real Estate Equities (NYSE:ARE) last reported quarterly earnings data on Monday, January 31. The real estate investment trust reported earnings per share (EPS) of $0.47 for the quarter, missing the Zacks consensus estimate of $0.65 per ($0.18). Alexandria Real Estate Equities had a net margin of 26.93% and a return on equity of 3.40%. In the same quarter a year earlier, the company posted earnings per share of $1.84. As a group, sell-side analysts expect Alexandria Real Estate Equities, Inc. to post EPS of 8.36 for the current fiscal year.
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The company also recently announced a quarterly dividend, which was paid on Friday, January 14. Shareholders of record on Friday, December 31 received a dividend of $1.15 per share. This represents an annualized dividend of $4.60 and a yield of 2.48%. The ex-dividend date was Thursday, December 30. This is a positive change from Alexandria Real Estate Equities’ previous quarterly dividend of $1.12. Alexandria Real Estate Equities’ dividend payout ratio (DPR) is 121.37%.
ARE has been the subject of a number of recent research reports. Mizuho raised its target price on Alexandria Real Estate Equities shares from $200.00 to $219.00 in a Thursday, January 20 research report. StockNews.com upgraded shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a Saturday, Feb. 5 research report. Robert W. Baird reiterated a “buy” rating on Alexandria Real Estate Equities shares in a Sunday, Dec. 5 research report. Finally, BTIG Research raised its price target on Alexandria Real Estate Equities shares from $187.00 to $233.00 and gave the company a “buy” rating in a Friday, October 22 research report. Two equity research analysts gave the stock a hold rating and five gave the stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $180.80.
A number of hedge funds have recently changed their positions in the business. Goldman Sachs Group Inc. increased its stake in Alexandria Real Estate Equities by 3.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,248,692 shares of the real estate investment trust worth $278,410,000 after purchasing an additional 40,973 shares during the period. Virtu Financial LLC purchased a new position in Alexandria Real Estate Equities during the fourth quarter for a value of approximately $1,191,000. Allianz Asset Management GmbH increased its stake in Alexandria Real Estate Equities by 2.8% during the fourth quarter. Allianz Asset Management GmbH now owns 106,468 shares of the real estate investment trust worth $23,738,000 after purchasing an additional 2,870 shares during the period. Toroso Investments LLC increased its position in Alexandria Real Estate Equities shares by 13.0% during the fourth quarter. Toroso Investments LLC now owns 2,261 shares of the real estate investment trust worth $504,000 after purchasing an additional 260 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in Alexandria Real Estate Equities shares by 2.3% during the fourth quarter. California State Teachers Retirement System now owns 268,809 shares of the real estate investment trust worth $59,934,000 after buying 5,993 additional shares in the last quarter. 94.93% of the shares are held by institutional investors.
About Alexandria Real Estate Stocks
Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust. It engages in the ownership, operation, development and redevelopment of life science and technology properties. The company also provides space for lease to life science and technology industries, which are primarily located in AAA Urban Innovation Cluster locations.
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