Mizuho Maintains Buy Rating for Alexandria Real Estate: Here's What You Need To Know

Mizuho has decided to maintain its Buy rating of Alexandria Real Estate ARE and lower its price target from $219.00 to $172.00.

Shares of Alexandria Real Estate are trading up 1.78% over the last 24 hours, at $135.77 per share.

A move to $172.00 would account for a 26.68% increase from the current share price.

About Alexandria Real Estate

Alexandria Real Estate Equities Inc is a real estate investment trust primarily engaged in the acquisition, development, and leasing of urban offices on science and technology campuses throughout the United States. The company redevelops offices, warehouses, and shell space for its tenants in areas close to high concentrations of specialized research institutions and businesses. The majority of Alexandria's real estate portfolio is split between the Greater Boston and San Francisco areas. The company derives nearly all of its income in the form of revenue from its tenant companies. Alexandria's largest customers in terms of revenue are public biotechnology, multinational pharmaceutical, life science product, and academic and medical research entities.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.