AvalonBay Communities (AVB) : Traders are bullish on AvalonBay Communities (AVB) as it has outperformed the S&P 500 by a wide margin of 0.43% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.6%, relative to the S&P 500. The stock has risen by 2.15% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.61% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.79% and the 50-Day Moving Average is 3.67%.The 200 Day SMA reached 2.3% AvalonBay Communities, Inc. is up 0.68% in the last 3-month period. Year-to-Date the stock performance stands at -4.44%.
AvalonBay Communities (AVB) : The consensus price target for AvalonBay Communities (AVB) is $191.4 for the short term with a standard deviation of $6.66. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $205, however, the pessimist price target for the company is $179.
For the current week, the company shares have a recommendation consensus of Buy. AvalonBay Communities (NYSE:AVB): The stock opened at $172.77 and touched an intraday high of $173.42 on Friday. During the day, the stock corrected to an intraday low of $171.6, however, the bulls stepped in and pushed the price higher to close in the green at $173.33 with a gain of 0.03% for the day. The total traded volume for the day was 1,123,236. The stock had closed at $173.28 in the previous trading session.
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.