Large Outflow of Money Witnessed in Alexandria Real Estate Equities

Alexandria Real Estate Equities (ARE) : The value of composite uptick trades was $5.51 million, whereas, the value of composite downtick trades was $9.16 million. The uptick to downtick ratio stood at 0.6 with a negative money flow of ($3.65) Million during Fridays trading session. The block trades money flow was negative ($3.03 million). The transaction of the trades on downticks amounted to $3.03 million, which confirms investors selling on the strength of price. Alexandria Real Estate Equities (ARE) gained 156 cents at $108.75, an increase of 1.46% over the previous days close.


Alexandria Real Estate Equities (ARE) : The highest short term price target forecast on Alexandria Real Estate Equities (ARE) is $113 and the lowest target price is $100. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $106.83 with a standard deviation of $5.19.

Alexandria Real Estate Equities (NYSE:ARE): stock turned positive on Friday. Though the stock opened at $106.92, the bulls momentum made the stock top out at $109.02 level for the day. The stock recorded a low of $106.75 and closed the trading day at $108.81, in the green by 1.51%. The total traded volume for the day was 724,040. The stock had closed at $107.19 in the previous days trading.

In a related news, Moglia Peter M, officer (Chief Investment Officer) of Alexandria Real Estate Equities Inc, unloaded 4,000 shares at an average price of $96.9 on June 7, 2016. The total amount of the transaction was worth $387,600, according to the disclosed information 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.

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