(VIANEWS) – The NYSE opens in less than one hour and AvalonBay Communities‘s pre-market value is already 5% up.
AvalonBay Communities’s last close was $171.73, 22.09% below its 52-week high of $220.42.
The last session, NYSE ended with AvalonBay Communities (AVB) rising 0.74% to $171.73. NYSE jumped 0.69% to $15,078.69, following the last session’s upward trend on what was a somewhat up trend exchanging session.
About AvalonBay Communities
As of December 31, 2022, the Company owned or held a direct or indirect ownership interest in 294 apartment communities containing 88,475 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. 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 markets 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 $7.3.
PE Ratio
AvalonBay Communities has a trailing twelve months price to earnings ratio of 23.52. Meaning, the purchaser of the share is investing $23.52 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 9.22%.
Yearly Top and Bottom Value
AvalonBay Communities’s stock is valued at $171.73 at 09:23 EST, way below its 52-week high of $220.42 and way above its 52-week low of $153.07.
Revenue Growth
Year-on-year quarterly revenue growth grew by 10.6%, now sitting on 2.67B for the twelve trailing months.
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