Principal Securities Inc. Sells 331 Shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE)

Principal Securities Inc. cut its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 14.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,020 shares of the real estate investment trust’s stock after selling 331 shares during the period. Principal Securities Inc.’s holdings in Alexandria Real Estate Equities were worth $197,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. National Bank of Canada FI lifted its holdings in Alexandria Real Estate Equities by 350.0% during the third quarter. National Bank of Canada FI now owns 341,357 shares of the real estate investment trust’s stock valued at $40,536,000 after purchasing an additional 265,508 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Alexandria Real Estate Equities by 114.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 435,416 shares of the real estate investment trust’s stock worth $51,706,000 after buying an additional 232,817 shares during the period. KBC Group NV boosted its holdings in Alexandria Real Estate Equities by 315.9% in the 3rd quarter. KBC Group NV now owns 169,350 shares of the real estate investment trust’s stock worth $20,110,000 after buying an additional 128,634 shares during the period. Castle Hook Partners LP purchased a new stake in Alexandria Real Estate Equities in the 3rd quarter worth $14,319,000. Finally, State Street Corp raised its holdings in Alexandria Real Estate Equities by 1.1% during the third quarter. State Street Corp now owns 10,585,038 shares of the real estate investment trust’s stock valued at $1,270,634,000 after acquiring an additional 112,864 shares during the period. Hedge funds and other institutional investors own 96.54% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wedbush reissued a “neutral” rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. JPMorgan Chase & Co. downgraded shares of Alexandria Real Estate Equities from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. Royal Bank of Canada cut their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a “sector perform” rating for the company in a research note on Tuesday, December 17th. Robert W. Baird decreased their price target on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an “outperform” rating on the stock in a research note on Friday, November 8th. Finally, Deutsche Bank Aktiengesellschaft lowered Alexandria Real Estate Equities from a “buy” rating to a “hold” rating and cut their price objective for the company from $135.00 to $112.00 in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Alexandria Real Estate Equities currently has an average rating of “Hold” and an average target price of $121.30.

Alexandria Real Estate Equities Stock Performance

Shares of ARE stock opened at $97.16 on Tuesday. The company’s 50 day moving average is $97.76 and its 200 day moving average is $108.70. The company has a quick ratio of 0.21, a current ratio of 0.21 and a debt-to-equity ratio of 0.55. The firm has a market cap of $16.82 billion, a price-to-earnings ratio of 53.98, a PEG ratio of 3.93 and a beta of 1.16. Alexandria Real Estate Equities, Inc. has a 52-week low of $93.25 and a 52-week high of $130.14.

Alexandria Real Estate Equities (NYSE:ARE) last released its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. On average, sell-side analysts anticipate that Alexandria Real Estate Equities, Inc. will post 9.32 EPS for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 5.43%. The ex-dividend date was Tuesday, December 31st. This is an increase from Alexandria Real Estate Equities’s previous quarterly dividend of $1.30. Alexandria Real Estate Equities’s dividend payout ratio (DPR) is currently 293.33%.

Alexandria Real Estate Equities declared that its Board of Directors has initiated a share buyback plan on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to buy up to 2.7% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

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.