Avalonbay Communities Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Mid Cap Blend
Company profile

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.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$240.78
Day's Change
1.39 (0.58%)
Bid
--
Ask
--
B/A Size
--
Day's High
243.39
Day's Low
239.30
Volume
(Heavy Day)
Volume:
1,087,021

10-day average volume:
566,394
1,087,021

Bank stocks take a broad beating as Treasury yields fall in wake of Fed taper talk

2:31 pm ET November 4, 2021 (MarketWatch)
Print

Financial stocks were suffering a broad beating Thursday, as Treasury yields sank in the wake of the Federal Reserve's detailing of its widely expected tapering plans, and as the Bank of England held off on an expected rate hike. The SPDR Financial Select Sector ETF (XLF) dropped 2.0% with 61 of 65 equity components losing ground. within the Dow Jones Industrial Average , Goldman Sachs Group Inc.'s stock (GS) was the biggest drag, as it fell $13.49, or 3.2%. Elsewhere, shares of JPMorgan Chase & Co. (JPM) lost 2.3%, Bank of America Corp. (BAC) dropped 3.0%, Citigroup Inc. (C) slid 3.4% and Wells Fargo & Go. (WFC) shed 2.9%. Meanwhile, the yield on the 10-year Treasury note declined 6.0 basis points to 1.519%. Lower long-term interest rates could hurt bank profits, as the spread between what banks can earn on longer-term assets, such as loans, that are funded with shorter-term liabilities is narrowed.

-Tomi Kilgore

	

(END) Dow Jones Newswires

November 04, 2021 14:31 ET (18:31 GMT)

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