Alexandria Real Estate Equities, Inc. $ARE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE – Free Report) by 32.8% during the 1st quarter, Holdings Channel reports. The fund owned 246,507 shares of the real estate investment trust’s stock after selling 120,280 shares during the period. Principal Financial Group Inc.’s holdings in Alexandria Real Estate Equities were worth $11,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Chicago Partners Investment Group LLC raised its holdings in shares of Alexandria Real Estate Equities by 34.3% during the first quarter. Chicago Partners Investment Group LLC now owns 10,572 shares of the real estate investment trust’s stock worth $493,000 after purchasing an additional 2,700 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Alexandria Real Estate Equities by 34.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 146,411 shares of the real estate investment trust’s stock valued at $6,796,000 after purchasing an additional 37,462 shares during the last quarter. Fifth Third Bancorp boosted its holdings in Alexandria Real Estate Equities by 36.2% in the first quarter. Fifth Third Bancorp now owns 15,540 shares of the real estate investment trust’s stock valued at $721,000 after purchasing an additional 4,127 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Alexandria Real Estate Equities by 41.0% in the first quarter. Sequoia Financial Advisors LLC now owns 12,758 shares of the real estate investment trust’s stock valued at $592,000 after purchasing an additional 3,709 shares during the last quarter. Finally, Personal CFO Solutions LLC acquired a new stake in Alexandria Real Estate Equities during the 1st quarter worth about $596,000. Institutional investors and hedge funds own 96.54% of the company’s stock.

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Insider Buying and Selling

In other Alexandria Real Estate Equities news, Chairman Joel S. Marcus purchased 7,500 shares of Alexandria Real Estate Equities stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of $42.72 per share, with a total value of $320,400.00. Following the acquisition, the chairman owned 587,724 shares of the company’s stock, valued at $25,107,569.28. This trade represents a 1.29% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Gregory Calvin Thomas purchased 3,500 shares of the stock in a transaction on Thursday, April 30th. The shares were acquired at an average price of $41.00 per share, for a total transaction of $143,500.00. Following the transaction, the executive vice president directly owned 33,024 shares of the company’s stock, valued at $1,353,984. This represents a 11.85% increase in their position. The SEC filing for this purchase provides additional information. 1.35% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ARE. Royal Bank Of Canada reduced their price objective on Alexandria Real Estate Equities from $60.00 to $50.00 and set a “sector perform” rating for the company in a research note on Tuesday, May 5th. Morgan Stanley restated an “underweight” rating and issued a $53.00 target price on shares of Alexandria Real Estate Equities in a research note on Thursday, June 11th. Citigroup reaffirmed an “outperform” rating on shares of Alexandria Real Estate Equities in a report on Monday, May 4th. Evercore lifted their price target on Alexandria Real Estate Equities from $58.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Finally, BMO Capital Markets boosted their price target on Alexandria Real Estate Equities from $52.00 to $54.00 and gave the company a “market perform” rating in a report on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, Alexandria Real Estate Equities currently has a consensus rating of “Reduce” and a consensus price target of $51.08.

Read Our Latest Research Report on Alexandria Real Estate Equities

Alexandria Real Estate Equities Stock Up 1.7%

ARE stock opened at $50.98 on Friday. Alexandria Real Estate Equities, Inc. has a one year low of $39.41 and a one year high of $88.24. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.20 and a current ratio of 0.20. The firm’s fifty day moving average is $50.51 and its 200 day moving average is $50.38. The firm has a market cap of $8.88 billion, a PE ratio of -8.13, a P/E/G ratio of 6.11 and a beta of 1.17.

Alexandria Real Estate Equities (NYSE:ARE – Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The real estate investment trust reported $1.73 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.73. Alexandria Real Estate Equities had a negative net margin of 36.03% and a negative return on equity of 5.21%. The business had revenue of $671.02 million during the quarter, compared to the consensus estimate of $684.78 million. During the same quarter in the prior year, the firm posted $2.30 earnings per share. The company’s revenue was down 11.5% compared to the same quarter last year. Alexandria Real Estate Equities has set its FY 2026 guidance at 6.300-6.500 EPS. On average, research analysts forecast that Alexandria Real Estate Equities, Inc. will post 6.36 EPS for the current year.

Alexandria Real Estate Equities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Tuesday, June 30th. Alexandria Real Estate Equities’s payout ratio is currently -45.93%.

Alexandria Real Estate Equities Company Profile

(Free Report)

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.

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