Evercore ISI raised the firm’s price target on Alexandria Real Estate to $119 from $115 and keeps an Outperform rating on the shares after the company hosted its annual investor day, which included initial 2024 FFO guidance of $9.37-$9.57. The “good news” is that the 2024 guide compares to consensus of $9.48 heading into the meeting, says the analyst, who argues that the investor day underscores Alexandria’s platform strengths.
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- Alexandria Real Estate price target lowered to $140 from $160 at JMP Securities
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- Alexandria Real Estate price target raised to $115 from $114 at Evercore ISI
- Alexandria Real Estate lowers FY23 FFO view to $7.29-$7.31 from $7.95-$8.01
- Alexandria Real Estate Equities, Inc. Reports: 3Q23 and YTD 3Q23 Net Income per Share – Diluted of $0.13 and $1.08, respectively; and 3Q23 and YTD 3Q23 FFO per Share – Diluted, As Adjusted, of $2.26 and $6.69, respectively
