Alexandria Real Estate Equities Inc (NYSE:ARE) major shareholder Real Estate Equitie Alexandria bought 975,000 shares of Alexandria Real Estate Equities stock in a transaction dated Thursday, May 16th. The stock was purchased at an average price of $10.00 per share, with a total value of $9,750,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

NYSE ARE opened at $145.56 on Thursday. Alexandria Real Estate Equities Inc has a 1 year low of $109.04 and a 1 year high of $147.59. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $16.52 billion, a PE ratio of 22.05, a PEG ratio of 4.88 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 for the quarter, missing the Zacks’ consensus estimate of $1.68 by ($0.57). The company had revenue of $358.80 million during the quarter, compared to analysts’ expectations of $356.93 million. Alexandria Real Estate Equities had a return on equity of 4.91% and a net margin of 27.29%. Alexandria Real Estate Equities’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. Analysts forecast that Alexandria Real Estate Equities Inc will post 6.96 earnings per share for the current fiscal year.

Several analysts have recently issued reports on ARE shares. Canaccord Genuity reiterated an “average” rating and issued a $25.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, March 7th. ValuEngine upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “buy” rating and set a $141.00 target price for the company in a research note on Tuesday, January 29th. Barclays lowered shares of Alexandria Real Estate Equities from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $130.00 to $136.00 in a research note on Thursday, April 4th. Finally, Mitsubishi UFJ Financial Group upped their target price 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. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Alexandria Real Estate Equities presently has a consensus rating of “Buy” and a consensus target price of $108.57.

Several large investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB boosted its holdings in shares of Alexandria Real Estate Equities by 0.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 13,455 shares of the real estate investment trust’s stock worth $1,918,000 after buying an additional 83 shares during the last quarter. ETF Managers Group LLC boosted its holdings in shares of Alexandria Real Estate Equities by 8.9% in the 1st quarter. ETF Managers Group LLC now owns 1,164 shares of the real estate investment trust’s stock worth $166,000 after buying an additional 95 shares during the last quarter. Cigna Investments Inc. New boosted its holdings in shares of Alexandria Real Estate Equities by 3.6% in the 4th quarter. Cigna Investments Inc. New now owns 3,185 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 110 shares during the last quarter. Quadrant Capital Management LLC boosted its holdings in shares of Alexandria Real Estate Equities by 0.8% in the 4th quarter. Quadrant Capital Management LLC now owns 13,452 shares of the real estate investment trust’s stock worth $1,550,000 after buying an additional 111 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Alexandria Real Estate Equities by 0.6% in the 4th quarter. KBC Group NV now owns 20,651 shares of the real estate investment trust’s stock worth $2,380,000 after buying an additional 115 shares during the last quarter. 97.96% of the stock is currently owned by institutional investors.

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About Alexandria Real Estate Equities

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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