Shares of AvalonBay Communities Inc. (NYSE:AVB) traded at a new 52-week high today of $219.10. This new high was reached on below average trading volume as 108,000 shares traded hands, while the average 30-day volume is approximately 888,000 shares.
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. share prices have moved between a 52-week high of $219.10 and a 52-week low of $131.38 and are now trading 66% above that low price at $217.66 per share.
Potential upside of 1.0% exists for AvalonBay Communities Inc., based on a current level of $217.66 and analysts’ average consensus price target of $219.91.
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