RBC Capital analyst Michael Carroll lowered the firm’s price target on Alexandria Real Estate (ARE) to $114 from $125 and keeps a Sector Perform rating on the shares. The firm is updating its estimates with outlook for lower 2025 organic growth and higher asset sales offset by lower-than-expected G&A expenses following the company Investor Day presentation, the analyst tells investors in a research note. The biggest unknown is when will leasing activity reaccelerate, and while the fundamental environment is soft, Alexandria and other top peers should win incremental market share, the firm adds.
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Read More on ARE:
- Alexandria Real Estate raises quarterly dividend to $1.32 from $1.30 per share
- Alexandria Real Estate announces $500M stock repurchase program
- Alexandria Equities Announces Strategic Stock Repurchase Program
- Alexandria Real Estate price target lowered to $110 from $120 at Wedbush
- Alexandria Real Estate price target lowered to $144 from $186 at BTIG
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
