BUZZ-Brokerage downgrades Alexandria Real Estate rating to "hold"

Reuters11-15

** Deutsche Bank trims life science real estate investment trust $(REIT)$ Alexandria Real Estate Equities stock rating to "hold" from "buy"

** Says ongoing headwinds related to life science real estate sector demand versus supply will likely continue to pressure leasing economics in the coming quarters

** Also cuts PT to $112 from $135, a 3% upside to stocks last close

** "We have become increasingly cautious about ARE's earnings growth outlook into 2025" - Deutsche Bank analyst Omotayo Okusanya

** 7 of 14 brokerages rate the stock "buy" or higher and 7 "hold"; their median PT is $126 - LSEG data

** Up to last close, stock down 14.59% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com;))

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