Mizuho Securities Remains Bullish on Alexandria Real Estate (ARE) Following Investor Meetings

Mizuho Securities reiterated a Buy rating and $110.00 price target on Alexandria Real Estate (NYSE: ARE) following a series of investor meetings.

Analyst Richard Anderson commented, "We participated in three days of investor meetings last week which reinforced our positive view on ARE -- a unique combination of strong (and current) cash flow growth and a longer-term NAV growth kicker vis-à-vis its development pipeline. The show of deep investor reception during a pre-holiday week, which included a video call with several Japanese investors, demonstrated to us that the ARE story continues to resonate. This is despite its (we think loose) association with drug price controversies and the technology industry. Reiterate Buy; ARE is one of our Top Picks."

For an analyst ratings summary and ratings history on Alexandria Real Estate click here. For more ratings news on Alexandria Real Estate click here.

Shares of Alexandria Real Estate closed at $96.58 yesterday.

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