BUZZ-RBC Capital Markets cuts PT on Alexandria Real Estate Equities ** RBC Capital Markets cuts life science real estate investment trust Alexandria Real Estate Equities ARE.N PT to $114 from $125; maintains "sector perform"
** New PT represents 12.4% upside to stock's last close
** Says ARE life science REIT space is currently going through a "normalization period"
** Says ARE's near-term earnings trend is more uncertain given planned dilutive asset sales along with a few known move-outs
** Five of 14 brokerages rate the stock "buy" or higher and nine "hold"; their median PT is $119 - LSEG data
** Up to last close, stock down 20% YTD
(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))
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