Alexandria Real Estate Equities (NYSE:ARE) Reaches New 52-Week High at $154.64

Alexandria Real Estate Equities Inc (NYSE:ARE)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $154.64 and last traded at $154.57, with a volume of 69591 shares traded. The stock had previously closed at $153.02.

A number of research analysts have commented on the stock. Robert W. Baird set a $152.00 price objective on shares of Alexandria Real Estate Equities and gave the company a “hold” rating in a research note on Wednesday, August 21st. Citigroup lifted their price objective on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. JPMorgan Chase & Co. lifted their price objective on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the company a “neutral” rating in a research note on Tuesday, August 13th. ValuEngine lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, GMP Securities restated an “average” rating and issued a $26.00 price objective on shares of Alexandria Real Estate Equities in a research note on Thursday, August 1st. Eight investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $115.36.

The company has a debt-to-equity ratio of 0.76, a current ratio of 0.21 and a quick ratio of 0.21. The company has a market capitalization of $17.37 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 4.60 and a beta of 0.74. The business’s 50 day simple moving average is $148.35 and its 200 day simple moving average is $144.73.

Alexandria Real Estate Equities (NYSE:ARE) last issued its earnings results on Monday, July 29th. The real estate investment trust reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.72 by ($1.04). The firm had revenue of $373.90 million during the quarter, compared to analysts’ expectations of $366.81 million. Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. The firm’s revenue was up 15.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.64 EPS. As a group, analysts expect that Alexandria Real Estate Equities Inc will post 6.98 EPS for the current fiscal year.

The company also recently announced a — dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $1.00 dividend. This represents a dividend yield of 2.6%. The ex-dividend date of this dividend is Friday, September 27th. Alexandria Real Estate Equities’s payout ratio is 60.61%.

In other news, Director James P. Cain sold 450 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $139.82, for a total value of $62,919.00. Following the sale, the director now owns 3,506 shares of the company’s stock, valued at $490,208.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Jennifer Banks sold 2,000 shares of Alexandria Real Estate Equities stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $139.93, for a total transaction of $279,860.00. Following the completion of the sale, the chief operating officer now directly owns 52,734 shares in the company, valued at approximately $7,379,068.62. The disclosure for this sale can be found here. In the last ninety days, insiders sold 91,183 shares of company stock worth $13,344,360. Insiders own 1.43% of the company’s stock.

Several large investors have recently modified their holdings of the company. Steward Partners Investment Advisory LLC purchased a new stake in Alexandria Real Estate Equities during the second quarter worth about $30,000. FinTrust Capital Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 275.9% during the first quarter. FinTrust Capital Advisors LLC now owns 218 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 160 shares in the last quarter. CSat Investment Advisory L.P. boosted its holdings in Alexandria Real Estate Equities by 65.9% during the second quarter. CSat Investment Advisory L.P. now owns 224 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 89 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in Alexandria Real Estate Equities by 883.3% during the second quarter. Meeder Asset Management Inc. now owns 295 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 265 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Alexandria Real Estate Equities by 41.0% during the first quarter. Signaturefd LLC now owns 454 shares of the real estate investment trust’s stock worth $65,000 after buying an additional 132 shares in the last quarter.

Alexandria Real Estate Equities Company Profile (NYSE:ARE)

Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>®</sup> company, is an urban office real estate investment trust ("REIT") uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations, with a total market capitalization of $21.8 billion and an asset base in North America of 33.7 million square feet ("SF") as of March 31, 2019.

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