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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

AvalonBay Communities ( AVB) pushed the Financial sector lower today making it today's featured Financial laggard. The sector as a whole closed the day up 0.5%. By the end of trading, AvalonBay Communities fell $1.35 (-1.1%) to $124.91 on average volume. Throughout the day, 693,723 shares of AvalonBay Communities exchanged hands as compared to its average daily volume of 644,800 shares. The stock ranged in price between $124.56-$127.19 after having opened the day at $126.66 as compared to the previous trading day's close of $126.26. Other companies within the Financial sector that declined today were: Carolina Trust Bank ( CART), down 9.8%, Broadway Financial ( BYFC), down 9.4%, Homex Development ( HXM), down 7.8% and Royal Bancshares of Pennsylvania ( RBPAA), down 7.0%.

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 $16.8 billion and is part of the real estate industry. Shares are down 4.4% year to date as of the close of trading on Thursday. Currently there are 8 analysts that rate AvalonBay Communities a buy, no analysts rate it a sell, and 9 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 robust revenue growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.

On the positive front, Millennium India Acquisition Corporation ( SMCG), up 80.4%, Carver Bancorp ( CARV), up 10.8%, Altisource Asset Management Corporation ( AAMC), up 9.8% and National Bank of Greece ( NBG), up 9.6% , were all gainers within the financial sector with JPMorgan Chase ( JPM) being today's featured financial sector leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial sector could consider Financial Select Sector SPDR ( XLF) while those bearish on the financial sector could consider Proshares Short Financials ( SEF).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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