AVB Stock Summary and Trading Ideas (Avalonbay Communities | NYSE:AVB)

AvalonBay Communities owns a portfolio of 281 apartment communities with over 87,000 units and is developing 18 additional properties with over 6,200 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.

Avalonbay Communities trades on the NYSE stock market under the symbol AVB.

As of April 23, 2024, AVB stock price climbed to $188.66 with 706,511 million shares trading.

AVB has a beta of 0.87, meaning it tends to be less sensitive to market movements. AVB has a correlation of 0.26 to the broad based SPY ETF.

AVB has a market cap of $26.79 billion. This is considered a Large Cap stock.

In the last 3 years, AVB stock traded as high as $259.05 and as low as $153.07.

The top ETF exchange traded funds that AVB belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.

AVB stock has underperformed the market in the last year with a return of +12.7%, while SPY returned +24.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AVB shares. However, AVB has outperformed the market in the last 3 month and 2 week periods, returning +5.0% and +1.3%, while SPY returned +4.9% and -2.5%, respectively. This indicates AVB has been having a stronger performance recently.

AVB support price is $184.26 and resistance is $189.48 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AVB stock will trade within this expected range on the day.