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Fly News Breaks for March 6, 2019
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Mar 6, 2019 | 18:10 EDT
MUFG analyst Karin Ford raised her price target on Alexandria Real Estate to $132 and kept her Neutral rating as part of her broader research note on REITs after their earnings season. The analyst states that the prospects for the sector in 2019 are "generally better and less uncertain than those of the broader market" and that " investor interest in REITs has increased". Ford further points to the industrial leasing momentum continuing, with supply ticking up but not having "appreciable impact on REIT fundamentals yet."
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