, Tracking Stock Market Picks
Enter Symbol:
Avalonbay Communities, Inc. (AVB) [hlAlert]

down 63.18 %

Avalonbay Communities, Inc. (AVB) downgraded to Underperform with price target $55 by Oppenheimer

Posted on: Monday,  Aug 17, 2009  8:25 AM ET by Oppenheimer

Oppenheimer rated Underperform Avalonbay Communities, Inc. (NYSE: AVB) on 08/17/2009. Previously Oppenheimer rated Perform
Avalonbay Communities, Inc. (NYSE: AVB) on 09/18/2008., when the stock price was $92.49. Since then, Avalonbay Communities, Inc. has lost 32.88% as of 08/17/2009's recent price of $62.08.

AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company is engaged in the development, redevelopment, acquisition, ownership and operation of multifamily communities in high barrier-to-entry markets of the United States. Its markets are located in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Midwest, the Pacific Northwest, and the Northern and Southern California regions of the United States. At January 31, 2009, it owned or held a direct or indirect ownership interest in 164 operating apartment communities containing 45,728 apartment homes in ten states and the District of Columbia, of which (seven wholly owned communities containing 2,143 apartment homes were under redevelopment, and 19 communities containing 3,829 apartment homes, of which two communities containing 467 apartment homes were under redevelopment, were held by the Fund, which it manages and in which it owns a 15.2% equity interest.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/17/2009 8:25 AM Sell
62.08 55.00
as of 12/31/2009
1 Week down  -30.30 %
1 Month down  -56.18 %
3 Months down  -55.13 %
1 YTD down  -81.74 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/18/2008 8:25 AM None

(*) Stock Price at the time of the recommendation.
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