Trade-Ideas LLC identified

AvalonBay Communities

(

AVB

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified AvalonBay Communities as such a stock due to the following factors:

  • AVB has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $132.2 million.
  • AVB has traded 1,208 shares today.
  • AVB is trading at a new lifetime high.

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More details on AVB:

AvalonBay Communities, Inc. engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities in the United States. The stock currently has a dividend yield of 2.9%. AVB has a PE ratio of 34. Currently there are 9 analysts that rate AvalonBay Communities a buy, 1 analyst rates it a sell, and 6 rate it a hold.

The average volume for AvalonBay Communities has been 805,300 shares per day over the past 30 days. AvalonBay has a market cap of $25.4 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.25 and a short float of 2.9% with 4.55 days to cover. Shares are up 1.5% year-to-date as of the close of trading on Monday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates AvalonBay Communities as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, good cash flow from operations, increase in net income and solid stock price performance. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the ratings report include:

  • AVB's revenue growth has slightly outpaced the industry average of 7.9%. Since the same quarter one year prior, revenues slightly increased by 8.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • 41.80% is the gross profit margin for AVALONBAY COMMUNITIES INC which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 32.25% is above that of the industry average.
  • Net operating cash flow has slightly increased to $262.48 million or 7.04% when compared to the same quarter last year. In addition, AVALONBAY COMMUNITIES INC has also modestly surpassed the industry average cash flow growth rate of 3.64%.
  • The company, on the basis of net income growth from the same quarter one year ago, has significantly outperformed against the S&P 500 and exceeded that of the Real Estate Investment Trusts (REITs) industry average. The net income increased by 9.0% when compared to the same quarter one year prior, going from $142.64 million to $155.43 million.
  • Compared to where it was trading a year ago, AVB's share price has not changed very much due to (a) the relatively weak year-over-year performance of the overall market, (b) the company's stagnant earnings, and (c) other mixed results. Turning our attention to the future direction of the stock, it goes without saying that even the best stocks can fall in an overall down market. However, in any other environment, this stock still has good upside potential despite the fact that it has already risen in the past year.

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