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AvalonBay Communities Inc (AVB): Today's Featured Real Estate Laggard

AvalonBay Communities (AVB) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day up 0.5%. By the end of trading, AvalonBay Communities fell 80 cents (-0.6%) to $144.52 on average volume. Throughout the day, 817,563 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 632,400 shares. The stock ranged in price between $142.50-$146.39 after having opened the day at $142.50 as compared to the previous trading day's close of $145.32. Other company's within the Real Estate industry that declined today were: Transcontinental Realty (TCI), down 10.8%, American Realty Investors (ARL), down 8%, Chimera Investment Corporation (CIM), down 7%, and NTS Realty Holdings (NLP), down 6.9%.

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. AvalonBay Communities has a market cap of $13.9 billion and is part of the financial sector. The company has a P/E ratio of 70.4, above the average real estate industry P/E ratio of 28.5 and above the S&P 500 P/E ratio of 17.7. Shares are up 11.3% year to date as of the close of trading on Wednesday. Currently there are eight analysts that rate AvalonBay Communities a buy, two analysts rate it a sell, and six rate it a hold.

TheStreet Ratings rates AvalonBay Communities as a buy. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, MPG Office (MPG), up 26.9%, Stratus Properties (STRS), up 7.9%, Capital (CT), up 5.8%, and Elbit Imaging (EMITF), up 4.7%, were all gainers within the real estate industry with Public Storage (PSA) being today's featured real estate industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider iShares Dow Jones US Real Estate (IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund (REK).

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