Stephen Richardson Sells 3,750 Shares of Alexandria Real Estate Equities Inc (ARE) Stock

Alexandria Real Estate Equities Inc (NYSE:ARE) COO Stephen Richardson sold 3,750 shares of the stock in a transaction on Wednesday, March 28th. The shares were sold at an average price of $123.32, for a total value of $462,450.00. Following the completion of the transaction, the chief operating officer now directly owns 124,972 shares of the company’s stock, valued at $15,411,547.04. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Stephen Richardson also recently made the following trade(s):

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  • On Monday, February 26th, Stephen Richardson sold 3,250 shares of Alexandria Real Estate Equities stock. The shares were sold at an average price of $123.17, for a total value of $400,302.50.

Shares of NYSE:ARE opened at $124.89 on Friday. Alexandria Real Estate Equities Inc has a 52-week low of $109.05 and a 52-week high of $134.37. The firm has a market capitalization of $12,643.74, a price-to-earnings ratio of 20.75, a P/E/G ratio of 3.09 and a beta of 0.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.38 and a quick ratio of 0.38.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, January 29th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($1.16). Alexandria Real Estate Equities had a return on equity of 3.08% and a net margin of 14.77%. The company had revenue of $298.79 million during the quarter, compared to analyst estimates of $293.63 million. During the same period last year, the business earned $1.42 earnings per share. The firm’s revenue was up 19.9% compared to the same quarter last year. sell-side analysts forecast that Alexandria Real Estate Equities Inc will post 6.57 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, March 28th. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently 59.80%.

ARE has been the subject of several recent research reports. Canaccord Genuity reissued a “buy” rating and issued a $20.37 price objective on shares of Alexandria Real Estate Equities in a research note on Monday, December 11th. Bank of America raised Alexandria Real Estate Equities from a “neutral” rating to a “buy” rating and set a $133.00 price objective for the company in a research note on Monday, December 4th. Zacks Investment Research raised Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Tuesday, January 16th. TheStreet downgraded Alexandria Real Estate Equities from a “b-” rating to a “c” rating in a research note on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $135.00 target price on shares of Alexandria Real Estate Equities in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Alexandria Real Estate Equities presently has an average rating of “Buy” and a consensus target price of $103.20.

Several institutional investors and hedge funds have recently modified their holdings of the business. We Are One Seven LLC purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $148,000. IFM Investors Pty Ltd purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $200,000. First Allied Advisory Services Inc. purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $203,000. V Wealth Management LLC purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $212,000. Finally, Conning Inc. purchased a new position in shares of Alexandria Real Estate Equities during the 4th quarter worth $225,000. 98.93% of the stock is owned by institutional investors and hedge funds.

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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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