Evercore analyst James Kammert maintains $Alexandria Real Estate Equities Inc (ARE.US)$ with a hold rating, and adjusts the target price from $129 to $119.
According to TipRanks data, the analyst has a success rate of 70.6% and a total average return of 5.7% 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 revised outlook on Alexandria Real Estate reflects concern over core growth amid looming lease expirations that may lead to some downtime in space backfilling. Additionally, a diminished contribution from development projects and an increase in ground rent expenses have been anticipated. With leasing demand in the life science segment continuing to show mediocrity, and a surplus supply in crucial markets expected to require considerable time to absorb, the overall forecast remains cautious.
Heading into its annual investor day, it is believed that FY25 consensus estimates for Alexandria Real Estate may be overly optimistic and could fall short of FY24 results due to persistent headwinds. It is noted that estimates are positioned 2% below the consensus for FY25 and 3% below typical market projections for FY26.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
