AvalonBay's S&P shuffle.AvalonBay Communities AvalonBay Communities, Inc. (NYSE: AVB) is an Alexandria, Virginia-based public real estate investment trust. The company specializes in acquiring, developing, redeveloping and managing high-quality apartment communities in high barrier-to-entry markets, such as the Northeast, Inc., the real estate investment trust that specializes in upscale apartment communities, has been shuffled on the S&P 500, Standard & Poor's announced this week. The REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). will replace Symbol Technologies, Inc. in the S&P 500. Symbol Technologies is being acquired by S&P 500 constituent Motorola Inc.. S&P SmallCap 600 constituent, Global Payments Inc. will replace Banta Corp. in the S&P MidCap 400, and Gibraltar Industries Inc. will replace Global Payments in the S&P SmallCap 600. Banta is being acquired by S&P 500 constituent RR Donnelley
Headquartered in Alexandria, VA, AvalonBay will be added to the S&P 500 GICS GICS Government Information and Communication Service (UK) GICS German Internet Chess Server GICS Global Industry Classification Standards GICS Grant Information and Control System (Global Industry Classification Standard) Residential REITs Sub-Industry index. Global Payments provides payment processing and consumer money transfer services worldwide. The company will be added to the S&P MidCap400 GICS Data Processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a & Outsourced Services Sub-Industry index. Standard & Poor's, a division of The McGraw-Hill Companies, is the world's foremost provider of financial market intelligence, including independent credit ratings. indices, risk evaluation, investment research and data. |
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