Wed Sep 25 07:58:46 UTC 2024: ## American Century Companies Increases Stake in Alexandria Real Estate Equities
**New York, NY** – American Century Companies Inc. has boosted its holdings in Alexandria Real Estate Equities, Inc. (NYSE:ARE) by 14.3% during the second quarter, according to a recent SEC filing. The firm now owns 57,773 shares of the real estate investment trust (REIT), valued at $6,758,000.
This move by American Century follows a trend of other institutional investors adjusting their positions in ARE. EverSource Wealth Advisors LLC significantly increased its stake, while Mather Group LLC and Rothschild Investment LLC acquired new positions. Riverview Trust Co also purchased shares in the first quarter.
Alexandria Real Estate Equities, a leading life science REIT, saw its stock open at $124.41 on Wednesday. The company boasts a market cap of $21.76 billion and recently announced a quarterly dividend of $1.30 per share.
Analysts have mixed opinions on ARE. Jefferies Financial Group downgraded the stock to “hold,” while Bank of America and Wedbush lowered their ratings to “neutral.” However, Evercore ISI raised their target price, and JMP Securities reiterated a “market outperform” rating.
Overall, the stock currently holds an average rating of “Hold” with an average price target of $130.70, according to MarketBeat.
**About Alexandria Real Estate Equities**
Alexandria Real Estate Equities is a leading owner, operator, and developer of collaborative life science, agtech, and advanced technology campuses in key innovation clusters across the US. The company has a strong track record of success in this niche market, which continues to attract investment.
**Note:** This news article summarizes key information from the original source. For detailed financial information, please refer to the original document or contact the company directly.
First Piper 