AvalonBay Communities traded at $180.84 this Friday May 15th, decreasing $2.70 or 1.47 percent since the previous trading session. Looking back, over the last four weeks, AvalonBay Communities lost 6.61 percent. Over the last 12 months, its price fell by 13.10 percent. Looking ahead, we forecast AvalonBay Communities to be priced at 177.21 by the end of this quarter and at 166.73 in one year, according to Trading Economics global macro models projections and analysts expectations.
Avalonbay Communities, Inc. is a real estate investment trust (REIT). The Company's operating segments include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. The Company is engaged in developing, redeveloping, acquiring and managing apartment communities in New England, the New York/New Jersey Metro area, the Mid-Atlantic, Southeast Florida, Denver, Colorado, the Pacific Northwest, and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company generally obtains ownership in an apartment community by developing a new community on either vacant land or land with improvements that it raze, or by acquiring an existing community. In selecting sites for development or acquisition, the Company focuses on locations that are near expanding employment centers, recreation areas, entertainment, shopping, and dining.