Expert Outlook: Alexandria Real Estate Through The Eyes Of 4 Analysts
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Alexandria Real Estate Equities Inc (NYSE:ARE), with two maintaining a bullish stance and two somewhat bullish. The average 12-month price target is now $143.5, down from $152.50, with a high estimate of $154.00 and a low of $140.00. Analysts from Wedbush, Deutsche Bank, Mizuho, and JMP Securities have provided their latest evaluations and price targets. Alexandria Real Estate, an urban office REIT, has shown strong financial performance with a revenue growth rate of 15.81% as of December 31, 2023, and a net margin of -11.7%. The company's debt-to-equity ratio is 0.63, below the industry average.
January 31, 2024 | 2:00 pm
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NEUTRAL IMPACT
Analysts have a positive outlook on Alexandria Real Estate (ARE) with a reduced average price target of $143.5. The company's strong revenue growth and financial performance may attract investor interest despite the lowered target.
While the average price target for ARE has decreased, indicating a potential downside, the overall positive ratings and strong financial performance could mitigate the impact on the stock price. The positive revenue trend and below-average debt-to-equity ratio suggest a solid financial foundation, which may support the stock's stability in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100