Joel S. Marcus Sells 15,000 Shares of Alexandria Real Estate Equities Inc (NYSE:ARE) Stock

Share on StockTwits

Alexandria Real Estate Equities Inc (NYSE:ARE) Chairman Joel S. Marcus sold 15,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $146.65, for a total transaction of $2,199,750.00. Following the sale, the chairman now directly owns 465,712 shares in the company, valued at $68,296,664.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of ARE opened at $143.38 on Thursday. The company has a market capitalization of $16.48 billion, a price-to-earnings ratio of 21.72, a PEG ratio of 4.37 and a beta of 0.74. The company has a 50-day moving average of $144.10. Alexandria Real Estate Equities Inc has a fifty-two week low of $109.04 and a fifty-two week high of $153.51. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.21 and a quick ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings data 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 company had revenue of $373.90 million during the quarter, compared to the consensus estimate of $366.81 million. Alexandria Real Estate Equities had a net margin of 28.05% and a return on equity of 5.00%. Alexandria Real Estate Equities’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.64 earnings per share. As a group, sell-side analysts expect that Alexandria Real Estate Equities Inc will post 6.98 EPS for the current year.

ARE has been the topic of several analyst reports. GMP Securities reaffirmed an “average” rating and set a $26.00 price target on shares of Alexandria Real Estate Equities in a research report on Thursday, August 1st. ValuEngine lowered shares of Alexandria Real Estate Equities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Citigroup upped their price target on shares of Alexandria Real Estate Equities from $157.00 to $162.00 and gave the stock a “buy” rating in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on shares of Alexandria Real Estate Equities from $140.00 to $147.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Zacks Investment Research raised shares of Alexandria Real Estate Equities from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $105.67.

Several institutional investors and hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd acquired a new stake in Alexandria Real Estate Equities during the second quarter worth about $205,000. Cubist Systematic Strategies LLC acquired a new stake in Alexandria Real Estate Equities during the second quarter worth about $17,855,000. Point72 Asset Management L.P. acquired a new stake in Alexandria Real Estate Equities during the second quarter worth about $469,000. California State Teachers Retirement System grew its stake in Alexandria Real Estate Equities by 0.4% during the second quarter. California State Teachers Retirement System now owns 182,418 shares of the real estate investment trust’s stock worth $25,737,000 after buying an additional 670 shares in the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in Alexandria Real Estate Equities during the second quarter worth about $2,875,000. 97.03% of the stock is currently owned by institutional investors.

Alexandria Real Estate Equities Company Profile

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.

Read More: Net Margin – Understanding the Different Kinds of Profit

Insider Buying and Selling by Quarter for Alexandria Real Estate Equities (NYSE:ARE)

Receive News & Ratings for Alexandria Real Estate Equities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexandria Real Estate Equities and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

iShares MSCI USA ESG Select Scl Indx Fnd  Shares Sold by Massmutual Trust Co. FSB ADV
iShares MSCI USA ESG Select Scl Indx Fnd Shares Sold by Massmutual Trust Co. FSB ADV
Massmutual Trust Co. FSB ADV Trims Stock Position in ISHARES TR/CORE DIVID GR ETF
Massmutual Trust Co. FSB ADV Trims Stock Position in ISHARES TR/CORE DIVID GR ETF
EZCORP  Stock Price Down 11.5%
EZCORP Stock Price Down 11.5%
Opera  Stock Price Down 7.5%
Opera Stock Price Down 7.5%
Lexicon Pharmaceuticals  Trading Down 9.2%
Lexicon Pharmaceuticals Trading Down 9.2%
Hi-Crush  Trading Down 6.8%
Hi-Crush Trading Down 6.8%


© 2006-2019 Ticker Report