Alexandria Real Estate Equities Inc (ARE): James H Richardson , director of Alexandria Real Estate Equities Inc sold 2,500 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $96.35 per share for a total value of $240,875.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 9, 2016, Stephen Richardson (Chief Operating Officer) sold 7,500 shares at $94.94 per share price.On May 9, 2016, Daniel J Ryan (EVP – Regional Market Director) sold 5,000 shares at $95.31 per share price.Also, On May 9, 2016, Joel S Marcus (Chief Executive Officer) sold 25,000 shares at $95.10 per share price.On Mar 17, 2016, James H Richardson (director) sold 5,000 shares at $86.89 per share price.
Shares of Alexandria Real Estate Equities Inc (ARE) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.43 points or -0.45% at $96.03 with 6,62,242 shares getting traded. Post opening the session at $96.55, the shares hit an intraday low of $95.57 and an intraday high of $96.69 and the price vacillated in this range throughout the day. The company has a market cap of $7,094 M and the number of outstanding shares has been calculated to be 7,38,74,188 shares. The 52-week high of Alexandria Real Estate Equities Inc is $96.86 and the 52-week low is $70.69.
Alexandria Real Estate Equities Inc. is a self-administered and self-managed real estate investment (REIT). The Company is engaged in the business of providing office/laboratory and tech office space for lease to the science and technology industries. The Company has five properties in Canada as well as eight operating properties one development project and several land parcels in Asia. As of December 31 2014 the Company had 193 properties containing approximately 18.7 million rentable square feet (RSF) of office/laboratory and tech office space. As of December 31 2014 the Company had 562 leases with a total of 441 client tenants and 87 of its 193 properties were single-tenant properties. The Companys portfolio includes Alexandria Center at Kendall Square; Alexandria Park at 128; Alexandria Technology Center-Gateway; Alexandria Center for Life Science; ARE Nautilus; ARE Towne Centre; ARE Portola and Alexandria Technology Center-Gaithersburg I among others.