Alexandria Real Estate Equities (ARE) Sees Large Volume Increase

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Alexandria Real Estate Equities Inc (NYSE:ARE) shares saw unusually-strong trading volume on Thursday . Approximately 17,547 shares traded hands during mid-day trading, a decline of 97% from the previous session’s volume of 690,403 shares.The stock last traded at $146.81 and had previously closed at $145.54.

A number of research analysts recently weighed in on ARE shares. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a report on Tuesday, January 29th. ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Mitsubishi UFJ Financial Group lifted their price target on shares of Alexandria Real Estate Equities to $132.00 and gave the stock a “neutral” rating in a research note on Thursday, March 7th. Canaccord Genuity reiterated an “average” rating and issued a $25.00 price target on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. Finally, Barclays downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $130.00 to $136.00 in a research note on Thursday, April 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Alexandria Real Estate Equities has an average rating of “Buy” and an average price target of $111.38.

The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $16.11 billion, a PE ratio of 22.30, a P/E/G ratio of 4.75 and a beta of 0.90.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, April 29th. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.68 by ($0.57). Alexandria Real Estate Equities had a return on equity of 4.91% and a net margin of 27.29%. The firm had revenue of $358.80 million during the quarter, compared to analysts’ expectations of $356.93 million. During the same quarter in the prior year, the firm earned $1.62 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, analysts expect that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current fiscal year.

In other news, insider Joel S. Marcus sold 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $140.67, for a total transaction of $1,195,695.00. Following the completion of the sale, the insider now owns 500,712 shares in the company, valued at approximately $70,435,157.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Joel S. Marcus sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $134.41, for a total transaction of $1,344,100.00. Following the sale, the chairman now owns 547,312 shares of the company’s stock, valued at approximately $73,564,205.92. The disclosure for this sale can be found here. Insiders sold 102,551 shares of company stock valued at $14,260,965 in the last quarter. 1.43% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Covenant Partners LLC purchased a new stake in Alexandria Real Estate Equities in the 1st quarter valued at $200,000. M&T Bank Corp raised its position in Alexandria Real Estate Equities by 11.8% in the 1st quarter. M&T Bank Corp now owns 8,726 shares of the real estate investment trust’s stock valued at $1,244,000 after purchasing an additional 918 shares during the last quarter. Macquarie Group Ltd. raised its position in Alexandria Real Estate Equities by 4.0% in the 1st quarter. Macquarie Group Ltd. now owns 106,417 shares of the real estate investment trust’s stock valued at $15,171,000 after purchasing an additional 4,129 shares during the last quarter. MetLife Investment Advisors LLC raised its position in Alexandria Real Estate Equities by 4.2% in the 1st quarter. MetLife Investment Advisors LLC now owns 32,042 shares of the real estate investment trust’s stock valued at $4,568,000 after purchasing an additional 1,293 shares during the last quarter. Finally, SEI Investments Co raised its position in Alexandria Real Estate Equities by 37.3% in the 1st quarter. SEI Investments Co now owns 117,044 shares of the real estate investment trust’s stock valued at $16,681,000 after purchasing an additional 31,793 shares during the last quarter. Institutional investors and hedge funds own 97.96% of the company’s stock.

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About Alexandria Real Estate Equities (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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