Alexandria Real Estate Equities (NYSE:ARE) has risen sharply, recording gains of 4.25% in the past 4 weeks. However, the stock has corrected -1.39% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 13.13% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $105.40 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $98.92 and the 200 Day Moving Average price is recorded at $89.29.
The stock has recorded a 20-day Moving Average of 3.25% and the 50-Day Moving Average is 6.27%.
Alexandria Real Estate Equities (NYSE:ARE): stock turned positive on Friday. Though the stock opened at $101.82, the bulls momentum made the stock top out at $103.1259 level for the day. The stock recorded a low of $101.53 and closed the trading day at $102.79, in the green by 1.50%. The total traded volume for the day was 935,402. The stock had closed at $101.27 in the previous days trading.
In an insider trading activity,The officer (Chief Investment Officer) of Alexandria Real Estate Equities Inc, Moglia Peter M sold 4,000 shares at $96.9 on June 7, 2016. The Insider selling transaction had a total value worth of $387,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.