1. As of noon trading, AvalonBay Communities ( AVB) is down $0.92 (-0.7%) to $127.91 on light volume Thus far, 177,607 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 1.3 million shares. The stock has ranged in price between $127.87-$129.32 after having opened the day at $129.25 as compared to the previous trading day's close of $128.83.

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 $12.5 billion and is part of the financial sector. The company has a P/E ratio of 29.6, above the S&P 500 P/E ratio of 17.7. Shares are down 5.8% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate AvalonBay Communities a buy, 1 analyst rates it a sell, and 8 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 revenue growth, expanding profit margins, impressive record of earnings per share growth and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full AvalonBay Communities Ratings Report now.

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If you are interested in one of these 4 stocks, 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).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.
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