New Lifetime High Reached By AvalonBay Communities (AVB)

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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 $101.9 million.
  • AVB has traded 8,288 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 3%. AVB has a PE ratio of 59.6. Currently there are 9 analysts that rate AvalonBay Communities a buy, no analysts rate it a sell, and 6 rate it a hold.

The average volume for AvalonBay Communities has been 691,900 shares per day over the past 30 days. AvalonBay has a market cap of $20.2 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.89 and a short float of 2.8% with 4.58 days to cover. Shares are up 30.7% year-to-date as of the close of trading on Thursday.

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