Baird analyst Dave Rodgers maintains $Alexandria Real Estate Equities Inc (ARE.US)$ with a buy rating, and adjusts the target price from $130 to $129.
According to TipRanks data, the analyst has a success rate of 51.6% and a total average return of 0.0% 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:
Alexandria Real Estate's investor day event highlighted a persistently challenging fundamental environment, yet it also indicated potential for an eventual turning point influenced by a gradual reduction in life science supply, according to an analyst's observations.
There is an observation that the upcoming vacancies around late 2024 - early 2025, particularly in areas like Cambridge and Mission Bay, combined with the slow-paced demand growth, could indicate that the REIT might encounter further obstacles prior to a robust recovery in its fundamentals. During its Investor Day, the company's focus on its mega campus strategy is likely to emphasize long-term value creation, yet there could be a temporary impact on near-term earnings due to the lag between asset sales and the reinvestment of capital into core areas.
Note:
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