Principal Financial Group Inc. Has $146.45 Million Holdings in Alexandria Real Estate Equities, Inc. $ARE

Principal Financial Group Inc. decreased its holdings in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 4.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,757,296 shares of the real estate investment trust’s stock after selling 74,108 shares during the quarter. Principal Financial Group Inc. owned 1.02% of Alexandria Real Estate Equities worth $146,453,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P bought a new stake in Alexandria Real Estate Equities during the 2nd quarter worth $27,000. CYBER HORNET ETFs LLC acquired a new stake in shares of Alexandria Real Estate Equities during the 2nd quarter worth approximately $30,000. MUFG Securities EMEA plc acquired a new position in shares of Alexandria Real Estate Equities during the second quarter valued at about $33,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Alexandria Real Estate Equities by 431.5% during the second quarter. Caitong International Asset Management Co. Ltd now owns 675 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 548 shares in the last quarter. Finally, CVA Family Office LLC raised its position in shares of Alexandria Real Estate Equities by 126.8% during the third quarter. CVA Family Office LLC now owns 601 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 336 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Alexandria Real Estate Equities

In other Alexandria Real Estate Equities news, Director Sheila K. Mcgrath purchased 3,100 shares of the stock in a transaction on Wednesday, December 10th. The stock was acquired at an average price of $45.60 per share, with a total value of $141,360.00. Following the transaction, the director directly owned 8,392 shares of the company’s stock, valued at approximately $382,675.20. This trade represents a 58.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.15% of the stock is currently owned by corporate insiders.

Alexandria Real Estate Equities Stock Performance

NYSE ARE opened at $54.19 on Tuesday. The company has a fifty day moving average of $51.67 and a 200-day moving average of $66.32. The company has a market capitalization of $9.39 billion, a P/E ratio of -6.42, a P/E/G ratio of 6.59 and a beta of 1.31. Alexandria Real Estate Equities, Inc. has a 52-week low of $44.10 and a 52-week high of $105.14. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.23 and a current ratio of 0.23.

Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 26th. The real estate investment trust reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.01. Alexandria Real Estate Equities had a negative net margin of 47.23% and a negative return on equity of 6.82%. The business had revenue of $754.41 million for the quarter, compared to analysts’ expectations of $742.64 million. During the same period last year, the business earned $2.39 earnings per share. The business’s quarterly revenue was down 4.4% on a year-over-year basis. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.250-6.550 EPS. As a group, equities research analysts predict that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities announced that its board has approved a stock buyback program on Monday, December 8th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

Alexandria Real Estate Equities Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a $0.72 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $2.88 annualized dividend and a dividend yield of 5.3%. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is presently -34.12%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ARE. Royal Bank Of Canada cut their target price on Alexandria Real Estate Equities from $98.00 to $65.00 and set a “sector perform” rating on the stock in a research report on Monday, November 3rd. Citizens Jmp cut shares of Alexandria Real Estate Equities from an “outperform” rating to a “market perform” rating in a research note on Thursday, November 13th. Morgan Stanley initiated coverage on Alexandria Real Estate Equities in a research report on Friday, January 9th. They set an “equal weight” rating and a $55.00 price target on the stock. Evercore ISI boosted their target price on shares of Alexandria Real Estate Equities from $64.00 to $67.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Finally, Jefferies Financial Group raised their price target on Alexandria Real Estate Equities from $47.00 to $57.00 and gave the stock a “hold” rating in a report on Friday. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has a consensus rating of “Hold” and a consensus price target of $66.57.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc (NYSE: ARE) is a real estate investment trust specializing in the ownership, development and management of collaborative life science and technology campuses. The company’s properties are designed to support research and innovation by providing specialized laboratory, office and manufacturing space tailored to biotechnology, pharmaceutical, academic and related industries.

Since its founding in 1994, Alexandria has cultivated a diversified portfolio of campuses across leading innovation clusters in North America and Europe.