AvalonBay Communities Inc. (NYSE:AVB) traded today at a new 52-week high of $223.12. So far today approximately 101,000 shares have been exchanged, as compared to an average 30-day volume of 886,000 shares.
Over the past year, AvalonBay Communities Inc. has traded in a range of $131.38 to $223.12 and is now at $222.95, 70% above that low.
AvalonBay Communities Inc. (NYSE:AVB) is currently priced 1.4% above its average consensus analyst price target of $219.91.
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.
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