Executive Chairman Joel Marcus Sells 7,500 Shares of Alexandria Real Estate Equities Inc (ARE)
Executive Chairman Joel Marcus has sold 7,500 shares of Alexandria Real Estate Equities Inc (NYSE:ARE) on February 26, 2024, according to a recent SEC filing. The transaction was executed at an average price of $118.92 per share, resulting in a total value of $891,900.
Alexandria Real Estate Equities Inc is an urban office real estate investment trust (REIT) uniquely focused on collaborative life science and technology campuses in AAA innovation cluster locations. The company has a long-term track record of developing Class A properties clustered in urban life science and technology campuses that provide its innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity, and success.
Over the past year, the insider has sold a total of 15,000 shares of Alexandria Real Estate Equities Inc and has not made any purchases. The recent sale by the insider is part of a series of transactions over the same period, with 6 insider sells recorded and no insider buys.
On the day of the sale, shares of Alexandria Real Estate Equities Inc were trading at $118.92, giving the company a market capitalization of $21.24 billion.
The company's price-earnings ratio stands at 224.81, which is significantly above the industry median of 16.63 and also above the historical median price-earnings ratio for the company.
Based on the current share price and the GuruFocus Value of $173.04, Alexandria Real Estate Equities Inc has a price-to-GF-Value ratio of 0.69. This suggests that the stock might be considered a possible value trap, and investors should think twice before making an investment based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
