Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. cut its position in Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 13.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,673,834 shares of the real estate investment trust's stock after selling 746,197 shares during the period. Principal Financial Group Inc. owned 2.67% of Alexandria Real Estate Equities worth $555,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ARE. Arbor Capital Management Inc. ADV lifted its stake in Alexandria Real Estate Equities by 1.1% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 8,639 shares of the real estate investment trust's stock worth $1,000,000 after purchasing an additional 93 shares in the last quarter. SPC Financial Inc. increased its stake in shares of Alexandria Real Estate Equities by 5.4% in the 1st quarter. SPC Financial Inc. now owns 1,950 shares of the real estate investment trust's stock worth $251,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Alexandria Real Estate Equities by 0.7% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,544 shares of the real estate investment trust's stock worth $1,584,000 after acquiring an additional 100 shares during the period. Presima Securities ULC raised its stake in Alexandria Real Estate Equities by 0.9% during the third quarter. Presima Securities ULC now owns 11,725 shares of the real estate investment trust's stock worth $1,392,000 after purchasing an additional 100 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Alexandria Real Estate Equities by 7.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,414 shares of the real estate investment trust's stock valued at $165,000 after purchasing an additional 103 shares during the last quarter. 96.54% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ARE has been the topic of several analyst reports. Wedbush reduced their price target on shares of Alexandria Real Estate Equities from $130.00 to $120.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Jefferies Financial Group lowered shares of Alexandria Real Estate Equities from a "buy" rating to a "hold" rating and reduced their price objective for the company from $136.00 to $127.00 in a report on Friday, August 2nd. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $125.00 target price (down previously from $130.00) on shares of Alexandria Real Estate Equities in a research note on Thursday, October 24th. Evercore ISI lowered their price target on Alexandria Real Estate Equities from $129.00 to $124.00 and set an "in-line" rating for the company in a research report on Wednesday, October 23rd. Finally, Citigroup lowered Alexandria Real Estate Equities from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $130.00 to $125.00 in a research note on Friday, September 13th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $131.22.

Alexandria Real Estate Equities Stock Up 0.7 %

Shares of NYSE:ARE traded up $0.74 during trading hours on Thursday, reaching $113.78. The stock had a trading volume of 461,700 shares, compared to its average volume of 987,572. The stock has a market capitalization of $19.88 billion, a price-to-earnings ratio of 69.36, a P/E/G ratio of 4.15 and a beta of 1.16. The firm's 50 day moving average is $118.23 and its 200-day moving average is $118.23. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.20 and a current ratio of 0.20. Alexandria Real Estate Equities, Inc. has a 1 year low of $93.17 and a 1 year high of $135.45.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.96 EPS for the quarter, missing the consensus estimate of $2.38 by ($1.42). Alexandria Real Estate Equities had a return on equity of 1.31% and a net margin of 9.62%. The company had revenue of $791.60 million for the quarter, compared to analyst estimates of $766.97 million. During the same quarter in the prior year, the business earned $2.26 earnings per share. Alexandria Real Estate Equities's revenue was up 10.9% compared to the same quarter last year. Research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.48 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 4.57%. The ex-dividend date was Monday, September 30th. Alexandria Real Estate Equities's payout ratio is currently 317.07%.

About Alexandria Real Estate Equities

Alexandria Real Estate Equities, Inc NYSE: ARE, an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.