Imperial Capital Lowers AvalonBay Communities Price Target to $135.00 (AVB)
Equities researchers at Imperial Capital decreased their price target on shares of AvalonBay Communities (NYSE:AVB) from $140.00 to $135.00 in a research report issued on Friday, StockRatingsNetwork reports. The firm currently has an “in-line” rating on the stock. Imperial Capital’s target price would suggest a potential upside of 5.06% from the stock’s previous close.
AVB has been the subject of a number of other recent research reports. Analysts at TheStreet downgraded shares of AvalonBay Communities to a “hold” rating in a research note to investors on Wednesday. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of AvalonBay Communities in a research note to investors on Friday, September 13th. They now have a $130.00 price target on the stock, down previously from $143.00. Finally, analysts at Cowen and Company cut their price target on shares of AvalonBay Communities from $149.00 to $140.00 in a research note to investors on Thursday, September 12th. They now have an “outperform” rating on the stock. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $144.42.
AvalonBay Communities (NYSE:AVB) traded up 0.51% during mid-day trading on Friday, hitting $129.16. 90,098 shares of the company’s stock traded hands. AvalonBay Communities has a 52-week low of $121.53 and a 52-week high of $142.38. The stock’s 50-day moving average is $128.7 and its 200-day moving average is $131.8. The company has a market cap of $16.714 billion and a price-to-earnings ratio of 44.98.
AvalonBay Communities (NYSE:AVB) last announced its earnings results on Thursday, October 24th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.02. The company had revenue of $400.30 million for the quarter, compared to the consensus estimate of $396.70 million. During the same quarter in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 47.2% on a year-over-year basis. On average, analysts predict that AvalonBay Communities will post $5.17 earnings per share for the current fiscal year.
AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.