Chief Accounting Officer Andres Gavinet sold 10,000 shares of Alexandria Real Estate Equities, as the REIT faces analyst caution and a 40% year-over-year stock decline.
Chief Accounting Officer sold 10,000 shares in a routine transaction, with analysts cautious and the stock down 40% over 12 months.
Alexandria Real Estate Equities Chief Accounting Officer Andres Gavinet offloaded 10,000 shares in a routine transaction valued at approximately $509,300. Despite the sale, Gavinet retains a direct stake of 102,516 shares in the life science-focused REIT, which has seen its stock price decline nearly 40% over the past 12 months.
Alexandria is a real estate investment trust (REIT) that specializes in owning, operating, and developing integrated campuses for the life science, technology, and agtech sectors.
Following the sale of 10,000 shares, Gavinet continues to hold 102,516 shares directly, representing a 0.05% ownership interest in the company.