Alexandria Real Estate Equities Inc (ARE): Peter M Moglia , Chief Investment Officer of Alexandria Real Estate Equities Inc sold 4,000 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $96.90 per share for a total value of $387,600.00 , 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 31, 2016, Thomas J Andrews (EVP – Regional Market Director) sold 4,600 shares at $96.88 per share price.On May 23, 2016, James H Richardson (director) sold 2,500 shares at $92.98 per share price.Also, 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.
Alexandria Real Estate Equities Inc: On Thursday, Jun 9, 2016 heightened volatility was witnessed in Alexandria Real Estate Equities Inc which led to swings in the share price. The shares opened for trading at $97 and hit $98.29 on the upside , eventually ending the session at $98.16, with a gain of 1.10% or 1.07 points. The heightened volatility saw the trading volume jump to 5,74,143 shares. The 52-week high of the share price is $98.96 and the company has a market cap of $7,251 M . The 52-week low of the share price is at $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.