2. As of noon trading, AvalonBay Communities ( AVB) is up $3.76 (2.9%) to $132.71 on heavy volume Thus far, 1.2 million shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 605,100 shares. The stock has ranged in price between $126.89-$133.82 after having opened the day at $127.00 as compared to the previous trading day's close of $128.95.

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 $12.6 billion and is part of the real estate industry. The company has a P/E ratio of 47.4, above the S&P 500 P/E ratio of 17.7. Shares are down 1.3% year to date as of the close of trading on Monday. Currently there are 9 analysts that rate AvalonBay Communities a buy, 2 analysts rate it a sell, and 5 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, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. Get the full AvalonBay Communities Ratings Report now.

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