.png "Alexandria Equities (NYSE: ARE)")
Today, the Co-President and CFO of Alexandria Equities (NYSE: ARE), Dean Shigenaga, sold shares of ARE for $1.17M.
Following Dean Shigenaga’s last ARE Sell transaction on February 05, 2018, the stock climbed by 9.2%. In addition to Dean Shigenaga, 5 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 $13.15B and the company has a P/E ratio of 46.02. Currently, Alexandria Equities has an average volume of 523.1K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $136.33, reflecting a 7.8% upside.
The insider sentiment on Alexandria Equities has been negative according to 76 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
Dean Shigenaga’s trades have generated a -13.7% 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.
