Vanguard Group Inc. reduced its stake in Alexandria Real Estate Equities (NYSE:ARE) by 1.0%, selling 273,789 shares and now owning 25,807,182 shares valued at $2.15 billion. The real estate investment trust reported strong quarterly earnings, beating analyst estimates, and has initiated a $500 million share buyback program. Additionally, insider purchases and a recent dividend increase signal management confidence in the company.
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Vanguard Group Inc. Sells 273,789 Shares of Alexandria Real Estate Equities, Inc. $ARE
Vanguard Group Inc. reduced its stake in Alexandria Real Estate Equities (NYSE:ARE) by 1.0%, selling 273,789 shares and now owning 25,807,182 shares valued at $2.15 billion. The real estate investment trust reported strong quarterly earnings, beating analyst estimates, and has initiated a $500 million share buyback program. Additionally, insider purchases and a recent dividend increase signal management confidence in the company.