Alexandria Real Estate Equities (NYSE:ARE)‘s stock had its “buy” rating reiterated by equities researchers at Robert W. Baird in a research note issued on Monday, Price Targets.com reports.
ARE opened at $180.92 on Monday. The business’s 50 day moving average is $172.29 and its 200-day moving average is $167.64. The stock has a market cap of $26.69 billion, a PE ratio of 41.78, a price-to-earnings-growth ratio of 4.39 and a beta of 0.80. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.63. Alexandria Real Estate Equities has a twelve month low of $136.52 and a twelve month high of $181.50.
Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Sunday, April 25th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($1.81). Alexandria Real Estate Equities had a net margin of 29.07% and a return on equity of 4.79%. The business had revenue of $479.85 million for the quarter, compared to the consensus estimate of $484.48 million. During the same period last year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, analysts forecast that Alexandria Real Estate Equities will post 7.29 EPS for the current year.
In related news, CAO Andres Gavinet sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 29th. The shares were sold at an average price of $180.00, for a total transaction of $540,000.00. Following the transaction, the chief accounting officer now owns 54,906 shares in the company, valued at $9,883,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vincent Ciruzzi sold 1,865 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Thursday, April 29th. The stock was sold at an average price of $179.21, for a total transaction of $334,226.65. Following the completion of the transaction, the insider now owns 50,248 shares in the company, valued at approximately $9,004,944.08. The disclosure for this sale can be found here. Insiders have sold 39,265 shares of company stock worth $6,790,971 in the last quarter. Company insiders own 1.12% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Perigon Wealth Management LLC acquired a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $25,000. CX Institutional grew its position in Alexandria Real Estate Equities by 73.3% in the fourth quarter. CX Institutional now owns 156 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 66 shares during the last quarter. Arkadios Wealth Advisors grew its position in Alexandria Real Estate Equities by 77.3% in the first quarter. Arkadios Wealth Advisors now owns 156 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 68 shares during the last quarter. Vantage Consulting Group Inc acquired a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $40,000. Finally, Ellevest Inc. grew its position in Alexandria Real Estate Equities by 186.6% in the fourth quarter. Ellevest Inc. now owns 278 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 87.58% of the company’s stock.
Alexandria Real Estate Equities Company Profile
Alexandria Real Estate Equities, Inc (NYSE:ARE), an S&P 500<sup>Â®</sup> urban office real estate investment trust ("REIT"), is the first, longest-tenured, and pioneering owner, operator, and developer uniquely focused on collaborative life science, technology, and agtech campuses in AAA innovation cluster locations, with a total market capitalization of $31.9 billion as of December 31, 2020, and an asset base in North America of 49.7 million square feet ("SF").
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