In a filing, Alexandria Real Estate Equities Inc. revealed its 10% Owner ALEXANDRIA REAL ESTATE EQUITIE unloaded Company’s shares for reported $0.64 million on Jun 05 ’24. In the deal valued at $4.24 per share,150,000 shares were sold. As a result of this transaction, ALEXANDRIA REAL ESTATE EQUITIE now holds 5,855,077 shares worth roughly $685.4 million.
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Then, ALEXANDRIA REAL ESTATE EQUITIE sold 150,000 shares, generating $631,500 in total proceeds. Upon selling the shares at $4.21, the 10% Owner now owns 6,005,077 shares.
Before that, Lee Orraparn C. sold 3,000 shares. Alexandria Real Estate Equities Inc. shares valued at $380,010 were divested by the EVP – Accounting at a price of $126.67 per share. As a result of the transaction, Lee Orraparn C. now holds 43,146 shares, worth roughly $5.05 million.
Deutsche Bank initiated its Alexandria Real Estate Equities Inc. [ARE] rating to a Buy in a research note published on January 30, 2024; the price target was $140. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in mid October with a ‘”a Neutral”‘ rating. Wedbush began covering ARE with “an Outperform” recommendation on October 03, 2023. Jefferies started covering the stock on July 20, 2023. It rated ARE as “a Buy”.
Price Performance Review of ARE
On Tuesday, Alexandria Real Estate Equities Inc. [NYSE:ARE] saw its stock jump 1.08% to $117.06. Over the last five days, the stock has gained 0.68%. Alexandria Real Estate Equities Inc. shares have fallen nearly -7.66% since the year began. Nevertheless, the stocks have risen 3.30% over the past one year. While a 52-week high of $135.45 was reached on 01/02/24, a 52-week low of $90.73 was recorded on 02/13/24. SMA at 50 days reached $118.24, while 200 days put it at $115.96. A total of 0.71 million shares were traded, compared to the trading of 1.1 million shares in the previous session.
Levels Of Support And Resistance For ARE Stock
The 24-hour chart illustrates a support level at 116.09, which if violated will result in even more drops to 115.11. On the upside, there is a resistance level at 117.61. A further resistance level may holdings at 118.15. The Relative Strength Index (RSI) on the 14-day chart is 50.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.30%. Stochastics%K at 52.06% indicates the stock is a holding.
The most recent change occurred on June 23, 2022 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating along with a $140 price target.
