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AvalonBay Communities (NYSE:AVB) was upgraded by stock analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Wednesday, Stock Ratings News reports.

The analysts wrote, “AvalonBay Communities (AVB) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, increase in net income, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.”

AvalonBay Communities (NYSE:AVB) traded down 0.15% on Wednesday, hitting $134.35. 412,111 shares of the company’s stock traded hands. AvalonBay Communities has a 1-year low of $114.16 and a 1-year high of $141.95. The stock’s 50-day moving average is $130.4 and its 200-day moving average is $125.2. The company has a market cap of $17.387 billion and a price-to-earnings ratio of 48.42.

AvalonBay Communities (NYSE:AVB) last released its earnings data on Wednesday, January 29th. The company reported $1.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.56 by $0.06. The company had revenue of $400.00 million for the quarter, compared to the consensus estimate of $393.41 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 45.0% on a year-over-year basis. Analysts expect that AvalonBay Communities will post $6.76 EPS for the current fiscal year.

AVB has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Friday, February 14th. They now have a $135.00 price target on the stock. Separately, analysts at Compass Point cut their price target on shares of AvalonBay Communities from $134.00 to $132.00 in a research note on Monday, February 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of AvalonBay Communities from $145.00 to $138.00 in a research note on Monday, January 27th. They now have a “buy” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. AvalonBay Communities currently has an average rating of “Hold” and an average price target of $142.17.

AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .

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