Investors Buy Alexandria Real Estate Equities, Inc. (ARE) on Weakness Following Insider Selling

Traders purchased shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) on weakness during trading hours on Thursday following insider selling activity. $55.57 million flowed into the stock on the tick-up and $13.47 million flowed out of the stock on the tick-down, for a money net flow of $42.10 million into the stock. Of all companies tracked, Alexandria Real Estate Equities had the 12th highest net in-flow for the day. Alexandria Real Estate Equities traded down ($0.06) for the day and closed at $118.91Specifically, insider Peter M. Moglia sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $118.56, for a total value of $474,240.00. Following the transaction, the insider now directly owns 91,867 shares of the company’s stock, valued at $10,891,751.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Joel S. Marcus sold 14,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of $112.92, for a total transaction of $1,580,880.00. Following the completion of the transaction, the chief executive officer now directly owns 723,829 shares in the company, valued at $81,734,770.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 66,924 shares of company stock worth $7,550,954. Insiders own 1.60% of the company’s stock.

A number of brokerages have issued reports on ARE. Zacks Investment Research cut shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research note on Tuesday, March 14th. Mizuho reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Alexandria Real Estate Equities in a research note on Monday, March 20th. Evercore ISI cut shares of Alexandria Real Estate Equities to a “buy” rating in a research note on Friday, March 3rd. TheStreet raised shares of Alexandria Real Estate Equities from a “c” rating to a “b-” rating in a research note on Monday, May 1st. Finally, Barclays PLC raised their price objective on shares of Alexandria Real Estate Equities from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $118.88.

The stock’s market cap is $10.74 billion. The firm has a 50-day moving average price of $116.80 and a 200 day moving average price of $113.40.

Alexandria Real Estate Equities (NYSE:ARE) last posted its earnings results on Monday, May 1st. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping 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 quarter in the prior year, the company earned $1.34 EPS. Alexandria Real Estate Equities’s revenue was up 25.4% on a year-over-year basis. Equities analysts anticipate that Alexandria Real Estate Equities, Inc. will post $1.62 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.86 per share. This is a positive change from Alexandria Real Estate Equities’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.44 annualized dividend and a yield of 2.92%. Alexandria Real Estate Equities’s dividend payout ratio is presently -198.80%.

A number of institutional investors have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. raised its position in 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 valued at $115,000 after buying an additional 41 shares during the last quarter. 1st Global Advisors Inc. raised its position in Alexandria Real Estate Equities by 1.1% in the first quarter. 1st Global Advisors Inc. now owns 5,368 shares of the real estate investment trust’s stock valued at $593,000 after buying an additional 57 shares during the last quarter. Mn Services Vermogensbeheer B.V. raised its position in Alexandria Real Estate Equities by 5.0% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,118 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 100 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Alexandria Real Estate Equities by 2.8% in the first quarter. Stifel Financial Corp now owns 3,637 shares of the real estate investment trust’s stock valued at $402,000 after buying an additional 100 shares during the period. Finally, Atria Investments LLC increased its stake in shares of Alexandria Real Estate Equities by 5.2% in the first quarter. Atria Investments LLC now owns 2,369 shares of the real estate investment trust’s stock valued at $262,000 after buying an additional 117 shares during the period.

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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.

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