AvalonBay Communities Given New $134.00 Price Target at Compass Point (AVB)
Equities researchers at Compass Point lowered their price objective on shares of AvalonBay Communities (NYSE:AVB) from $136.00 to $134.00 in a research report issued on Tuesday, AR Network reports. The firm currently has a “neutral” rating on the stock. Compass Point’s price target points to a potential upside of 6.59% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of AvalonBay Communities in a research note to investors on Friday, October 25th. They now have a $130.00 price target on the stock. Separately, analysts at Imperial Capital cut their price target on shares of AvalonBay Communities from $140.00 to $135.00 in a research note to investors on Friday, October 25th. They now have an “in-line” rating on the stock. Finally, analysts at TheStreet downgraded shares of AvalonBay Communities to a “hold” rating in a research note to investors on Wednesday, October 23rd. Twelve equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $143.67.
AvalonBay Communities (NYSE:AVB) traded up 0.53% during mid-day trading on Tuesday, hitting $125.71. 703,920 shares of the company’s stock traded hands. AvalonBay Communities has a one year low of $121.33 and a one year high of $141.95. The stock’s 50-day moving average is $129.3 and its 200-day moving average is $132.1. The company has a market cap of $16.267 billion and a price-to-earnings ratio of 67.63.
AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Thursday, October 24th. The company reported $1.18 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.44 earnings per share. The company’s quarterly revenue was up 47.2% on a year-over-year basis. Analysts expect that AvalonBay Communities will post $5.19 EPS 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.