Principal Financial Group Inc. Has $155.55 Million Position in Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Principal Financial Group Inc. reduced its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,681,446 shares of the real estate investment trust's stock after selling 6,490 shares during the quarter. Principal Financial Group Inc. owned 0.97% of Alexandria Real Estate Equities worth $155,551,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ARE. Norges Bank bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $1,605,426,000. JPMorgan Chase & Co. raised its position in shares of Alexandria Real Estate Equities by 212.9% in the fourth quarter. JPMorgan Chase & Co. now owns 8,265,880 shares of the real estate investment trust's stock valued at $806,337,000 after purchasing an additional 5,624,163 shares during the period. Capital World Investors bought a new position in shares of Alexandria Real Estate Equities in the fourth quarter valued at about $326,959,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Alexandria Real Estate Equities by 1,038.4% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,610,074 shares of the real estate investment trust's stock valued at $157,063,000 after purchasing an additional 1,468,644 shares during the period. Finally, Northern Trust Corp raised its position in shares of Alexandria Real Estate Equities by 67.9% in the fourth quarter. Northern Trust Corp now owns 2,565,406 shares of the real estate investment trust's stock valued at $250,255,000 after purchasing an additional 1,037,413 shares during the period. 96.54% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wedbush dropped their price objective on shares of Alexandria Real Estate Equities from $104.00 to $76.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 30th. Wall Street Zen raised shares of Alexandria Real Estate Equities from a "sell" rating to a "hold" rating in a research report on Thursday, April 3rd. Royal Bank Of Canada dropped their price objective on shares of Alexandria Real Estate Equities from $114.00 to $100.00 in a research report on Monday, May 12th. JMP Securities restated a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, April 30th. Finally, Citigroup decreased their price target on shares of Alexandria Real Estate Equities from $110.00 to $74.00 in a research note on Monday, June 2nd. Eleven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $99.54.

Alexandria Real Estate Equities Price Performance

Alexandria Real Estate Equities stock traded down $1.89 during trading hours on Monday, reaching $75.03. 2,172,551 shares of the stock were exchanged, compared to its average volume of 1,381,622. The company has a market cap of $12.98 billion, a P/E ratio of 98.72, a price-to-earnings-growth ratio of 6.48 and a beta of 1.25. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60. Alexandria Real Estate Equities, Inc. has a twelve month low of $67.37 and a twelve month high of $130.14. The stock has a 50 day moving average of $72.30 and a two-hundred day moving average of $86.32.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The real estate investment trust reported $2.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.28 by $0.02. The firm had revenue of $758.16 million for the quarter, compared to the consensus estimate of $755.64 million. Alexandria Real Estate Equities had a net margin of 4.62% and a return on equity of 0.64%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 earnings per share. Equities analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $1.32 per share. The ex-dividend date is Monday, June 30th. This represents a $5.28 dividend on an annualized basis and a yield of 7.04%. Alexandria Real Estate Equities's payout ratio is 694.74%.

Alexandria Real Estate Equities Profile

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.