Today, the EC of Alexandria Equities (NYSE: ARE), Joel Marcus, sold shares of ARE for $3.19M.
Following Joel Marcus’ last ARE Sell transaction on February 20, 2018, the stock climbed by 8.5%.
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Based on Alexandria Equities’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $328 million and quarterly net profit of $134 million. In comparison, last year the company earned revenue of $265 million and had a net profit of $29.45 million. ARE’s market cap is $12.94B and the company has a P/E ratio of 49.33. Currently, Alexandria Equities has an average volume of 454.8K.
The insider sentiment on Alexandria Equities has been negative according to 62 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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. The company was founded by Joel S. Marcus and Jerry M.
