The Manufacturers Life Insurance Company Takes $7.21 Million Position in Alexandria Real Estate Equities, Inc. $ARE
MarketBeat
The Manufacturers Life Insurance Company has acquired a new stake of 136,483 shares in Alexandria Real Estate Equities, Inc. (NYSE:ARE), valued at approximately $7.21 million. This purchase gives the company a 0.08% ownership of the real estate investment trust. Despite significant institutional ownership, analysts maintain a cautious outlook with a "Reduce" rating for ARE and a consensus price target of $52.85.
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