Shares of AvalonBay Communities Inc. (NYSE:AVB) traded at a new 52-week high today of $241.63. This new high was reached on below average trading volume as 235,000 shares traded hands, while the average 30-day volume is approximately 510,000 shares.
AvalonBay Communities Inc. share prices have moved between a 52-week high of $241.63 and a 52-week low of $131.38 and are now trading 83% above that low price at $240.43 per share.
AvalonBay Communities Inc. (NYSE:AVB) defies analysts with a current price ($240.43) 24.9% above its average consensus price target of $180.52.
AvalonBay Communities owns a portfolio of 275 apartment communities with over 75,000 units and is developing 18 additional properties with over 5,000 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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