Wedbush analyst Richard Anderson maintains $Alexandria Real Estate Equities Inc (ARE.US)$ with a hold rating, and adjusts the target price from $120 to $110.
According to TipRanks data, the analyst has a success rate of 76.1% and a total average return of 11.0% 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:
At Alexandria Real Estate's investor day event, a challenging fundamental backdrop was acknowledged, though optimism was conveyed regarding a potential inflection point, anticipated through a gradual reduction in the supply of life sciences. Challenges remain, as indicated by further hurdles that need to be addressed.
The company is expected to face increased challenges, particularly with vacancies forecasted in 2024-2025 in key locations like Cambridge and Mission Bay. Despite some positive capital formation trends in the life sciences sector, overall demand growth remains lukewarm. Attention is drawn towards the company's upcoming Investor Day, which is anticipated to emphasize its strategy on developing large campus projects, positioning it for long-term value creation despite potential short-term earnings pressure from asset sales and capital redeployment.
Note:
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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.
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