(NYSE:AVB) AvalonBay Communities Inc Increase 52 Week High Record

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AvalonBay Communities Inc (NYSE:AVB)

December 6th, 2018
AvalonBay Communities Inc closed Thursday up 2.38%, a $4.45 increase to close on $191.67. Furthermore it hit a new 52 week high of $191.78. In addition to finishing higher, trading volumes were solid at 249% of normal which can indicate investors see opportunities.

AVB was outperformed by the rest of the Real Estate sector which went up 2.66%.
AvalonBay Communities Inc is listed on the S&P 500 index, and was one of 215 stocks that rose today. Weighted by market cap, AVB represents about 0.09% of the S&P 500.

Expectations from 19 analysts suggest that AvalonBay Communities Inc could rise somewhat (2.36%), while Finbox has calculated (with medium uncertainty) a fair value price of $149.07.

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector falling 13%.

Communication Services saw the biggest turnaround from its 5-day performance of -0.23%, as it went up 1.04%. Energy and Materials experienced turn arounds from their five day positive performance, Energy with a drop of 1.77%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

AvalonBay Communities is based in Arlington County. AvalonBay Communities was founded in 1978.

AvalonBay Communities Inc Info

As of June 30, 2018, the Company owned or held a direct or indirect ownership interest in 287 apartment communities containing 84,043 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 16 communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States. As of June 30, 2018, the Company owned or held a direct or indirect ownership interest in 287 apartment communities containing 84,043 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and 16 communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States. More information may be found on the Company’s website at http://www.avalonbay.com.

All amounts in USD unless otherwise indicated

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AVB daily update


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