RBC Capital analyst Michael Carroll downgrades $Alexandria Real Estate Equities Inc (ARE.US)$ to a hold rating, and adjusts the target price from $130 to $125.
According to TipRanks data, the analyst has a success rate of 62.4% and a total average return of 8.0% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Alexandria Real Estate Equities Inc (ARE.US)$'s main analysts recently are as follows:
The long-term drivers of demand in the life science sector continue to be promising, and it is acknowledged that Alexandria is in a good position to leverage these market conditions. Nonetheless, to support the company's investment in expansive campuses, there is a strategy to actively pursue the sale of non-essential assets at increased capitalization rates. It's noted that these sales, along with a number of expected tenant departures, introduce a level of uncertainty regarding the immediate trend in earnings.
Alexandria Real Estate's third-quarter results came with numerous footnotes, highlighting the impact from anticipated future asset disposals, lease terminations, shifts in asset-specific strategies towards redevelopment, and projected downtimes in net operating income, leading to the belief that FFO growth targets for 2025 may be unattainable.
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