AvalonBay Communities (AVB) has risen sharply, recording gains of 1.36% in the past 4 weeks. However, the stock has corrected -2.7% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.9% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.25% and the 50-Day Moving Average is 0.08%.The 200 Day SMA reached 0.84%
AvalonBay Communities (NYSE:AVB): The stock opened in the green at $180.93 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $181.52 and a low of $177.78 for the day. The stock did not find buyers even at the lows and closed at $177.84 recording a loss of -0.87%. 1,153,341 shares exchanged hands during the trading day. The stock had closed at $177.84 in the previous days trading.
AvalonBay Communities (AVB) : The highest level AvalonBay Communities (AVB) is projected to reach is $205 for the short term and the lowest estimate is at $179. The consolidated price target from 16 rating analysts who initiate coverage on the stock is $191.63 and the possibility the share price can swing is $6.5.
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.