AvalonBay Communities (AVB) : During the past 4 weeks, traders have been relatively bearish on AvalonBay Communities (AVB), hence the stock is down -2.36% 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 -1.06% relative to the S&P 500. The 4-week change in the price of the stock is -1.35% and the stock has fallen -1% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.59% and the 50-Day Moving Average is 1.02%. AvalonBay Communities (NYSE:AVB): On Fridays trading session , Opening price of the stock was $181.46 with an intraday high of $183.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $180.33. However, the stock managed to close at $180.79, a loss of 0.29% for the day. On the previous day, the stock had closed at $181.31. The total traded volume of the day was 602,420 shares.
The company Insiders own 0.53% of AvalonBay Communities shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.09% . Institutional Investors own 97.4% of AvalonBay Communities shares. During last six month period, the net percent change held by insiders has seen a change of -12.83%. Also, In a research note released to the investors, Deutsche Bank maintains its rating on AvalonBay Communities (NYSE:AVB).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Deutsche Bank lowers the new price target from $194 per share to $193 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.