Shares of Alexandria Real Estate Equities Inc. fell by 1.63% to $99.60 on Tuesday, marking a consecutive two-day decline. This drop occurred amidst gains in the broader market, with the S&P 500 and Dow Jones Industrial Average increasing by 0.28% and 0.17% respectively.
Despite this recent fall, Alexandria's shares are still outperforming those of its competitors. Boston Properties Inc (NYSE:BXP)., Healthpeak Properties (NYSE:PEAK) Inc., and Medical Properties (NYSE:MPW) Trust Inc. all experienced more significant declines on Tuesday, falling by 3.28%, 2.39%, and 1.78% respectively.
However, the stock's performance is currently far from its year-high. As of Tuesday, Alexandria's shares were $73.05 below their peak value from February 2nd.
In terms of trading volume, Alexandria saw a total of 857,423 shares traded on Tuesday. This number is below the company's 50-day average trading volume, possibly indicating a lack of investor interest at present.
Alexandria Real Estate Equities Inc.'s stock performance will continue to be closely monitored in the coming days and weeks as investors seek to understand these recent market dynamics.
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