Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Alexandria Real Estate Equities (NYSE: ARE) hit a new 52-week low Thursday as it is currently trading at $64, below its previous 52-week low of $64.09 with 89,673 shares traded as of 10:16 a.m. ET. Average volume has been 678,800 shares over the past 30 days. Alexandria Real Estate Equities has a market cap of $4.86 billion and is part of the financial sector and real estate industry. Shares are down 5.7% year to date as of the close of trading on Wednesday. Alexandria Real Estate Equities, Inc., a real estate investment trust (REIT), engages in the ownership, operation, management, development, acquisition, and redevelopment of properties for the life sciences industry. The company has a P/E ratio of 57.7, above the S&P 500 P/E ratio of 17.7.
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