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AvalonBay Communities, Inc. (AVB)

NYSE - Nasdaq Real Time Price. Currency in USD
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169.04+1.59 (+0.95%)
As of 12:12PM EST. Market open.
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  • b
    bb
    FYI, I do live in an Avalon building in NYC. Since the Covid 19 hit, the management has reduced the rent by about 1/3 and also gives new renters 2 months free rent. There're still currently 60+ vacant apartments in the building. Most of the Avalon buildings are in major cities and I expect next quarter's result would be much worse. Consider this legal insider information. I did long puts and doubled my money already. Am going to short every bounce from now on.
    Bearish
  • A
    Anonymous
    Buying 200 shares here, at 131...
  • D
    Dennis
    This is going to sound ridiculous, BUT in some ways you don't want this to go up because with the DRIP on you can accumulate more shares, then in a year or two when REITS are loved again - which will definitely happen eventually- these will rip up a lot and you will have an even bigger return! STOR is very good too, buy em! Longterm buyers only!
  • M
    Midas 1965
    In the short term, I expect AVB shares to be volatile as the market reacts to COVID-19 vaccine news and political developments.
    However, I see the company as a great long-term investment from current valuation levels.
  • Y
    Yahoo Finance Insights
    AvalonBay Communities is up 7.46% to 158.98
  • I
    Ivy
    Anyone know why this went down 5% after hours today? Cant find any new info online, thanks in advance
  • Y
    Yahoo Finance Insights
    AvalonBay Communities is up 4.99% to 172.91
  • B
    Brian
    AvalonBay management made a brilliant decision in late February issuing $700 million of 10 year notes at 2.3% to prepay their bonds that were maturing in late 2020 and early 2021. This is now one of the few large apartment REITS in excellent financial shape to weather the current crisis, with over $1.5 billion in liquidity and no major debt maturing until 2022. While Q2 of 2020 will be a bad one for earnings, if you are a long term investor this should be a bargain as conditions improve in late 2020 and 2021.
    Bullish
  • Y
    Yahoo Finance Insights
    AvalonBay Communities is up 4.91% to 152.48
  • R
    Roy Tyrell
    Outside of metro Washington, DC area AVB has very high risk exposure to outbound migration states: California, New York and New Jersey particularly.

    With only 3 properties in Texas and 1 in Florida - the countries fastest growing states - they are at high risk for any sort of downturn.

    As an alternative if you must own a REIT, look at SLG

    Sell
  • P
    Presifdsdsf
    There are still a lot of bad news sitting out there and little good news .

    1. people moving away from high cost cities
    2. tech company layoffs. 63% of AVB portfolio rentals are occupied by tech workers.
    3. further extension of COVID infections will cause more companies to go remote.
    4. property price decline
    5. non-payment of rents are likely to cause evictions which will also be delayed due to court issues.
  • T
    Tyrone
    In 08 this tanked 6months after initial infliction to economy. Covid just hit economy. Wait another 3 months atleast. The health crisis is still unfolding.. when the crisis ends More leases to be broken, rental rate must be cut.. admin expenses will remain and financing costs will increase
  • T
    Tyrone
    Anyone lives in luxury apts? Atleast 14 units were vacated in my building this week and I’ll probably break my lease too.. rather check out now and check back in at a much lower rent in a few months
  • S
    Stkpicker
    AVB is not like most REITS with long leases. Apartments have short leases that can be adjusted for inflation and rising interest rates. Renters are pretty sticky as it is not easy to move. I am sure the REIT ETF's will sell across the board as they get redemmed, but AVB will do better than most. Any REIT with a fixed term lease with 1-2% escalators will get squeezed.
  • M
    Midas 1965
    AvalonBay is a blue-chip apartment REIT that i own in my Retirement Portfolio. It has an A-rated balance sheet, resilient fundamentals, high-quality properties, and a perfect track record of uninterrupted dividend payments.
  • J
    Joe C
    I hope EQR, AVB, UDR stay depressed so that I can load up. These prices won't last. 0% interest rate environment for next 10+ years, where do you think people are parking their money?
    Bullish
  • T
    Tyrone
    Occupancy and rent collection is looking a bit weak. Noticed a number of people still moving out of apartments in NY.. this will get rough.

    Don’t expect normalization until July.
    Bearish
  • P
    Presifdsdsf
    Wow if you were holding this for 6 years since 2014, you would have made 0% return
  • Y
    Yahoo Finance Insights
    AvalonBay Communities is down 4.92% to 133.00
  • H
    Hunter
    $ESS conversation
    Millions of layoffs, millions out of work unable to pay apartment rent.....
    I'm loading-up on storage REITs... they'll need a place to store their junk...
    after moving back-in with relatives
    $CUBE, $EXR, $NSA, $JCAP, $PSA, $SELF, $LSI
    $AIV, $APTS, $AVB, $CDPYF $CPT, &EQR, $ESS, $MAA, $UDR

    https://seekingalpha.com/article/4334099-shelter-in-place-5-apartment-reits
    There will be some short-term pain to come from the coronavirus-induced economic shutdown, but long-term fundamentals remain strong for apartment REITs. The hou
    There will be some short-term pain to come from the coronavirus-induced economic shutdown, but long-term fundamentals remain strong for apartment REITs. The hou
    seekingalpha.com