02:47 PM EST, 11/15/2024 (MT Newswires) -- 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