Marc E. Binda, EVP of Alexandria Real Estate Equities, Inc. (NYSE: ARE – Get Rating), sold 3,316 shares of Alexandria Real Estate Equities in a transaction that took place on Thursday, December 1. The shares were sold at an average price of $154.00 for a total of $510,664.00. Following the closing of the transaction, the executive his vice president now owns 49,413 shares of the company’s stock valued at approximately $7,609,602. The sale was disclosed in documents filed with the SEC and available at this link.
Alexandria Real Estate stock trading down 1.8%
Shares of Alexandria Real Estate Equities fell $2.74 on Monday to reach $150.58. His 817,062 shares in the company were exchanged, with an average trading volume of 987,268 shares. His 50-day moving average price for this stock is $143.15 and its 200-day moving average price is $149.64. The company has a market capitalization of $24.71 billion, a price/earnings ratio of 45.77, a price/earnings ratio of 2.36 and a beta of 0.91. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt to equity ratio of 0.50. Alexandria Real Estate Equities, Inc. has his 52-week low at $126.74 and his 52-week high at $224.95.
Alexandria Real Estate Equities (NYSE: ARE – Get Rating) reported final results on Tuesday, Oct. 25. The real estate investment trust reported an EPS of $2.11 for the quarter, missing analyst consensus expectations of $2.12 ($0.01). Alexandria Real Estate Equity posted a net profit margin of 21.73% and a return on equity of 3.03%. The company posted revenue of $659.9 million for the quarter, compared to analyst estimates of $657.48 million. During the same quarter last year, the company earned his $1.95 EPS. The business’ revenue for the quarter increased by 20.5% compared to the same quarter last year. On average, analysts expect Alexandria Real Estate Equities, Inc. to post 8.41 EPS this year.
Alexandria Real Estate Stock Increases Dividend
The business recently announced a quarterly dividend payable on Friday, January 13th. Dividends of $1.21 per share will be paid to shareholders of record on Friday, December 30. This represents his $4.84 dividend and his 3.21% dividend yield on an annualized basis. This is an increase from Alexandria Real Estate Equity’s previous quarterly dividend of $1.18. Alexandria Real Estate Equities has a payout ratio of 143.47%.
Institutional Trading of Alexandria Real Estate Stocks
Large investors recently changed their stock positions. Ronald Blue Trust Inc. purchased new equity in Alexandria Real Estate Equities worth approximately $25,000 in the second quarter. DB Wealth Management Group LLC acquired a new position in Alexandria Real Estate Equities worth approximately $26,000 in the first quarter. Tcwp LLC acquired a new position in Alexandria Real Estate Equities worth approximately $31,000 in the first quarter. Glassman Wealth Services increased its position in the stock of Alexandria Real Estate Equities by 137.2% in the second quarter. Glassman Wealth Services now owns 204 of his shares of real estate investment trust stock worth $30,000 after purchasing an additional 118 shares of him last quarter. Finally, Anson Funds Management LP acquired a new position in Alexandria Real Estate Equities worth approximately $42,000 in the first quarter. An institutional investor owns his 91.81% of the company’s shares.
Analyst upgrades and downgrades
Several brokerage firms have recently commented on ARE. Robert W. Baird raised his target price for Alexandria Real Estate Equities from his $151.00 to his $162.00 in a research report on Friday. BTIG Research lowered its price target for Alexandria Real Estate Equities from $233.00 to $186.00 in its research report on Wednesday, October 19th. StockNews.com featured Alexandria Real Estate Equities in its research report on Wednesday, October 12th. They set a “sell” rating for the company. JMP Securities reiterated its “Buy” rating and set his $180.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, Oct. 6. Finally, Evercore ISI lowered its price target for Alexandria Real Estate Equities to $168.00 in its research report on Friday. One research analyst gave a sell rating, one issued a hold rating, and five assigned a buy rating. Based on MarketBeat data, Alexandria Real Estate Equities currently has a consensus rating of “moderate buy” with an average target price of $173.43.
About Alexandria Real Estate Equity
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Alexandria Real Estate Equities, Inc. (NYSE:ARE) is an S&P 500® Urban Office Real Estate Investment Trust (“REIT”) and pioneering owner, operator and company with the first and longest tenure. With a market capitalization of $31.9 billion as of December 31, 2020, a North American asset base of 49.7 million square feet (“SF”) and a joint life sciences, technology and Agtech is a developer uniquely focused on his campus. ).
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