Today, the Co-Chief Investment Officer of Alexandria Equities (NYSE: ARE), Daniel Ryan, sold shares of ARE for $893.6K.
In addition to Daniel Ryan, 4 other ARE executives reported Sell trades in the last month.
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Based on Alexandria Equities’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $327 million and quarterly net profit of $53.32 million. In comparison, last year the company earned revenue of $272 million and had a net profit of $32.91 million. ARE’s market cap is $13.22B and the company has a P/E ratio of 46.26. Currently, Alexandria Equities has an average volume of 294.1K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $136.33, reflecting a 6.8% upside.
The insider sentiment on Alexandria Equities has been negative according to 79 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Daniel Ryan’s trades have generated a -10.0% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Alexandria Real Estate Equities, Inc. operates as a real estate investment trust. It engages in the ownership, operation, management, selective acquisition, development, and redevelopment of properties for the life science and technology industries.