The Co-President of Alexandria Equities (ARE) is Selling Shares


Today, the Co-President of Alexandria Equities (NYSE: ARE), Thomas Andrews, sold shares of ARE for $1.28M.

In addition to Thomas Andrews, 6 other ARE executives reported Sell trades in the last month. Following Thomas Andrews’ last ARE Sell transaction on November 24, 2017, the stock climbed by 4.0%.

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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 $13.24B and the company has a P/E ratio of 46.31. Currently, Alexandria Equities has an average volume of 712.1K.

Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $136.33, reflecting a 7.1% 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.

Thomas Andrews’ trades have generated a -8.2% 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.

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