The benchmark measure for publicly traded real estate investment trusts (REITs) is the Real Estate Select Sector SPDR Fund (NYSEARCA: XLRE). Take a look at how it’s fallen this year, mostly in April and May:
Over the past 3 months, 10 analysts have published their opinion on AvalonBay Communities (NYSE:AVB) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.
If you’ve taken a look at the Dow Jones, Nasdaq or S&P 500 lately, you probably didn’t see a pretty picture. They are all taking a beating and with economists fretting about a potential recession, it’s beginning to look like this bear market will continue for quite some time.