Alexandria Real Estate Equities "buy," target price raised

- Analyst Philip Martin of maintains his "buy" rating on Alexandria Real Estate Equities (). The target price has been raised to $128.In a research note published this morning, the analyst mentions that the company has posted its 1Q07 FFO per share in-line with the consensus, and its dividend growth and q/q FFO per share growth were amongst the highest in the REIT industry. Alexandria Real Estate Equities’ growth in the quarter was boosted by the industry-leading rental and same-store growth and investment spreads, the analyst says. The company has the ability to achieve above-average growth going forward, adds.