Evercore ISI analyst Steve Sakwa lowered the firm’s price target on Alexandria Real Estate to $137 from $141 and keeps an Outperform rating on the shares following a deep dive into the life science construction pipeline in Boston to better understand the market and the impact new supply could have on rent growth and occupancy.
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- Alexandria Real Estate Equities, Inc. Declares Cash Dividend of $1.24 per Common Share for 2Q23, an Increase of 3 Cents Over 1Q23, and an Aggregate of $4.84 per Common Share for the 12 Months Ending June 30, 2023, an Increase of 24 Cents, or 5 Percent, Over the 12 Months Ended June 30, 2022