Sometimes buying a stock at a historically cheap price is a value trap. A stock may be inexpensive due to a change in the macroeconomic environment, or it might become cheap as a result of problems in the overall sector. In the case of Alexandria Real Estate Equities (NYSE: ARE), you have a high-quality company operating in a sector that is under pressure. Is the stock a good value, or a value trap? 

Alexandria Real Estate Equities is a real estate investment trust (REIT) that specializes in office properties for companies in life sciences, agtech, and technology. It has campuses in locations such as San Francisco, San Diego, Boston, New York City, Maryland, and the Research Triangle of North Carolina, totaling 74.6 million square feet of space. 

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Source Fool.com