Arlington, Virginia-based AvalonBay Communities, Inc. (AVB) is a Real Estate Investment Trust (REIT) that owns, develops, redevelops, acquires and manages high-quality multifamily apartment communities. It is valued at a market cap of $25.2 billion.
This residential REIT has trailed behind the broader market over the past 52 weeks. Shares of AVB have declined 18.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.3%. Moreover, on a YTD basis, the stock is down 1.8%, while SPX has risen marginally.
