AvalonBay Communities Inc. (NYSE:AVB) traded at a new 52-week high today of $230.60. So far today approximately 104,000 shares have been exchanged, as compared to an average 30-day volume of 825,000 shares.
In the past 52 weeks, shares of AvalonBay Communities Inc. have traded between a low of $131.38 and a high of $230.60 and is now at $230.02, which is 75% above that low price.
AvalonBay Communities owns a portfolio of 275 apartment communities with over 75,000 units and is developing 22 additional properties with over 7,500 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.
AvalonBay Communities Inc. has overhead space with shares priced $230.02, or 2.4% below the average consensus analyst price target of $235.79.
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