Why Alexandria Real Estate Stock Tumbled on Tuesday
Investors were bearish on the equity of Alexandria Real Estate Equities (ARE -5.68%) throughout Tuesday's trading session. After the office space-focused real estate investment trust (REIT) reported its latest quarterly results, its stock fell and continued to wallow. It closed the day almost 6% lower in price. Meanwhile, the benchmark S&P 500 (^GSPC 0.58%) crawled 0.6% higher. Flipping into the red The company missed badly on the bottom line; analysts tracking Alexandria's stock were anticipating a profit ...