AvalonBay Communities (AVB) : During the past 4 weeks, traders have been relatively bearish on AvalonBay Communities (AVB), hence the stock is down -5.31% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.53% relative to the S&P 500. The 4-week change in the price of the stock is -4.94% and the stock has fallen -2.56% in the past 1 week.
Avalonbay Communities Inc. has dropped 1.61% during the last 3-month period . Year-to-Date the stock performance stands at -2.88%. The stock has recorded a 20-day Moving Average of 3.55% and the 50-Day Moving Average is 2.05%.
AvalonBay Communities (NYSE:AVB): The stock opened at $176.62 on Friday but the bulls could not build on the opening and the stock topped out at $177.42 for the day. The stock traded down to $174.90 during the day, due to lack of any buying support eventually closed down at $176.16 with a loss of -0.60% for the day. The stock had closed at $177.23 on the previous day. The total traded volume was 762,705 shares.
Also, Deutsche Bank maintains their rating on the shares of AvalonBay Communities (NYSE:AVB). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $193 per share from $194 per share. The rating by the firm was issued on August 10, 2016.
AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company develops, redevelops, acquires, owns and operates multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company operates in three segments: Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. It owns an ownership interest in around 252 operating apartment communities containing 74,240 apartment homes in 11 states and the District of Columbia, of which around 228 communities contain around 66,631 apartment homes; two communities containing over 618 apartment homes were held by joint ventures in which it holds an ownership interest, and approximately 22 communities contain around 6,991 apartment homes. It operates apartment communities under three core brands: Avalon, AVA and Eaves by Avalon.