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M&G PLC Sells 97,856 Shares of Alexandria Real Estate Equities, Inc. $ARE
M&G PLC reduced its stake in Alexandria Real Estate Equities, Inc. by 18.0% during the third quarter, selling 97,856 shares. Despite this, several other institutional investors either increased or slightly reduced their positions, with institutional investors collectively owning 96.54% of the company’s stock. The article also notes recent insider buying by the Chairman and a Director, a share buyback authorization, and the company’s recent quarterly earnings which beat analyst estimates.