(VIANEWS) – The NYSE opens in less than hour and AvalonBay Communities‘s pre-market value is already 7.2% down.
AvalonBay Communities’s last close was $185.56, 6.59% under its 52-week high of $198.66.
The last session, NYSE finished with AvalonBay Communities (AVB) jumping 1.02% to $185.56. NYSE rose 0.31% to $18,312.67, after two sequential sessions in a row of gains, on what was a somewhat positive trend exchanging session.
About AvalonBay Communities
As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.
Earnings Per Share
As for profitability, AvalonBay Communities has a trailing twelve months EPS of $6.56.
PE Ratio
AvalonBay Communities has a trailing twelve months price to earnings ratio of 28.29. Meaning, the purchaser of the share is investing $28.29 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 8.06%.
Sales Growth
AvalonBay Communities’s sales growth is 13.2% for the present quarter and 13.5% for the next.
Moving Average
AvalonBay Communities’s value is above its 50-day moving average of $179.35 and higher than its 200-day moving average of $179.95.
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