JMP Securities lowered the firm’s price target on Alexandria Real Estate to $160 from $180 and keeps an Outperform rating on the shares. While Alexandria beat Q2 core FFO expectations, results remain an afterthought given the attention received by the Land & Buildings short call which originated on June 16, the analyst tells investors in a research note. Fundamentals have slowed, but JMP Securities believes everything is priced in at current levels.
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- Alexandria Real Estate reports Q2 adjusted FFO $2.24, consensus $2.20
- Alexandria Real Estate Equities, Inc. Reports: 2Q23 and 1H23 Net Income per Share – Diluted of $0.51 and $0.95, respectively; and 2Q23 and 1H23 FFO per Share – Diluted, As Adjusted, of $2.24 and $4.43, respectively
- Alexandria Real Estate reports Q2 EPS 51c, consensus 63c
- Alexandria Real Estate options imply 2.7% move in share price post-earnings