Alexandria Real Estate Equities "buy," target price raised

03/20/06 - A.G. Edwards & Sons

NEW YORK, March 20 (newratings.com) - Analysts at AG Edwards maintain their "buy" rating on Alexandria Real Estate Equities Inc (ARE). The target price has been raised from $90 to $105.

In a research note dated March 16 and published on March 17, the analysts mention that the company's ability to post both internal and external growth presents investors a compelling opportunity for attractive total returns in the future. According to AG Edwards, the current premium that Alexandria Real Estate Equities' stock is trading at is warranted, in view of the company's ability to add value and post stable FFO growth via operations, acquisitions and development.