Alexandria Real Estate Equities (ARE) shares were down nearly 3% in recent Friday trading after Deutsche Bank and JMP Securities downgraded the company's stock.
Deutsche Bank downgraded the company's stock to hold from buy and trimmed its price target to $112 from $135.
JMP Securities also cut its price target for the company to $130 from $140 while maintaining a market outperform rating.
The company's trading volume stood at over 689,000 shares in recent trading against a daily average of about 1.2 million.
Price: 105.33, Change: -2.94, Percent Change: -2.72
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