Resona Asset Management Co. Ltd. has made an $8.51 million investment in Alexandria Real Estate Equities, Inc.. This REIT earned a spot on Newsweek's list of America's Most Trustworthy Companies for the third time and experienced a 5.0% surge, raising questions about potential further gains. The Bessemer Group has also invested heavily into ARE ($46.14 million). Notably, Legal & General Group Plc and Franklin Resources Inc. reduced their shares in ARE. ARE announced both a tax treatment of year 2024 distributions and the pricing of a public offering of $550,000,000 senior notes due 2035. The company made significant board changes, electing Claire Aldridge, PhD, and saw many key mutual fund and investment groups increasing and decreasing their stake in the company. Of note, ARE experienced a 5.6% trading down but later was upgraded at StockNews.com. They have recently declared increased cash dividends and reports suggest its shares are suitable for a dividend capture strategy. Despite a 15% weekly price dip, ARE appointed Dr. Claire Aldridge to the board. ARE reports a net loss income per share. Also, they have announced a $500 million common stock repurchase program. ARE is also close to regulatory approval and has announced a strategic value-harvesting disposition.
Alexandria Real Estate Equities ARE News Analytics from Tue, 25 Jun 2024 07:00:00 GMT to Sat, 12 Apr 2025 19:02:47 GMT -
Rating 4
- Innovation 6
- Information 8
- Rumor 0
