The Analyst Landscape: 5 Takes On Alexandria Real Estate
Portfolio Pulse from Benzinga Insights
In the latest quarter, Alexandria Real Estate (NYSE:ARE) received mixed analyst ratings, with an overall positive shift in the 12-month price target to $138.4, up 1.02% from $137. Analysts from Evercore ISI Group, Wedbush, JMP Securities, and Deutsche Bank provided ratings, with adjustments to price targets reflecting changing market conditions and company performance. Alexandria Real Estate, a REIT focused on life science, agtech, and technology tenants, showed strong financial performance with a revenue growth rate of 9.75%, a net margin of 21.7%, and an ROE of 0.9%.
April 25, 2024 | 4:01 pm
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Alexandria Real Estate Equities Inc. (NYSE:ARE) received mixed analyst ratings but a positive adjustment in the 12-month price target, reflecting a bullish outlook based on its strong financial performance and market position.
The positive adjustment in the 12-month price target for ARE, despite mixed ratings, indicates a bullish sentiment among analysts, likely due to its strong financial performance, including a revenue growth rate of 9.75%, a net margin of 21.7%, and strategic market presence in key urban areas. These factors contribute to a positive short-term impact on ARE's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100