Why Alexandria Real Estate Equities Was Diving This Week
One analyst felt compelled to downgrade the stock soon after it published quarterly earnings.A disappointing quarterly earnings report and an analyst's recommendation downgrade combined to put the hurt on Alexandria Real Estate Equities (ARE 4.07%) stock over the past few trading days. According to data compiled by S&P Global Market Intelligence, shares of the real estate investment trust (REIT) had shed over 27% of their value week to date as of early Friday morning. Third-quarter tumblesThe gloom descende ...