Wall Street Analysts Are Bullish on Top Real Estate Picks

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There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on SBA Communications (SBACResearch Report) and Alexandria Equities (AREResearch Report) with bullish sentiments.

SBA Communications (SBAC)

Morgan Stanley analyst Simon Flannery maintained a Buy rating on SBA Communications today and set a price target of $232.00. The company’s shares closed last Tuesday at $199.10.

Flannery has an average return of 8.1% when recommending SBA Communications.

According to TipRanks.com, Flannery is ranked #1083 out of 8848 analysts.

Currently, the analyst consensus on SBA Communications is a Strong Buy with an average price target of $247.27, representing a 23.5% upside. In a report issued on April 30, KeyBanc also maintained a Buy rating on the stock with a $227.00 price target.

See the top stocks recommended by analysts >>

Alexandria Equities (ARE)

In a report issued on May 10, Michael Carroll from RBC Capital maintained a Buy rating on Alexandria Equities, with a price target of $135.00. The company’s shares closed last Tuesday at $124.02.

According to TipRanks.com, Carroll is a 4-star analyst with an average return of 6.0% and a 61.4% success rate. Carroll covers the NA sector, focusing on stocks such as Easterly Government Properties, Diversified Healthcare Trust, and First Industrial Realty.

Alexandria Equities has an analyst consensus of Strong Buy, with a price target consensus of $140.50.

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