Clal Insurance Enterprises Holdings Ltd Raises Stock Position in Alexandria Real Estate Equities, Inc. $ARE

robot
Abstract generation in progress

Clal Insurance Enterprises Holdings Ltd increased its stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 48.7% in the third quarter, now owning 574,000 shares valued at $48.595 million. Other institutional investors also adjusted their positions in the REIT. Despite the increased institutional interest, the company recently cut its quarterly dividend to $0.72 per share and authorized a $500 million stock repurchase program, while analysts currently rate the stock as a “Hold” with an average target price of $65.73.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)