Erste Asset Management GmbH significantly reduced its stake in Alexandria Real Estate Equities, Inc. by 97.2% in Q3, leaving it with 700 shares valued at $59,000. Despite this, institutional ownership remains high at 96.54%, and company insiders, including Chairman Joel Marcus, have recently purchased shares. Analysts hold a consensus “Hold” rating with a target price of $65.73, while the company has announced a quarterly dividend of $0.72 and a $500 million share repurchase plan, reflecting management’s confidence.
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Erste Asset Management GmbH Has $59,000 Position in Alexandria Real Estate Equities, Inc. $ARE
Erste Asset Management GmbH significantly reduced its stake in Alexandria Real Estate Equities, Inc. by 97.2% in Q3, leaving it with 700 shares valued at $59,000. Despite this, institutional ownership remains high at 96.54%, and company insiders, including Chairman Joel Marcus, have recently purchased shares. Analysts hold a consensus “Hold” rating with a target price of $65.73, while the company has announced a quarterly dividend of $0.72 and a $500 million share repurchase plan, reflecting management’s confidence.