
Phoenix Financial Ltd. Purchases New Stake in Alexandria Real Estate Equities, Inc. $ARE

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Phoenix Financial Ltd. has acquired a new stake in Alexandria Real Estate Equities, Inc. (NYSE:ARE), purchasing 23,480 shares valued at approximately $1.96 million during the 3rd quarter. Other institutional investors, including Norges Bank and DAVENPORT & Co LLC, have also increased their holdings in the company. Alexandria Real Estate Equities reported earnings of $2.16 per share, exceeding estimates, and announced a stock buyback program of $500 million. The company declared a quarterly dividend of $0.72 per share, with a yield of 5.0%.
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