wakila/E+ via Getty Images Since our last article on AvalonBay (NYSE:AVB) at the end of last year, shares have performed remarkably well. In roughly half a year they have delivered almost 17% total returns, even outpacing the S&P 500 index (SP500). As the company just reported its second quarter results, we think this is a good time to reevaluate the thesis and whether the shares are still attractive at the higher price. SeekingAlphaNow, the first thing we would like to say about the results is that the ...