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Equities researchers at Jefferies Group increased their price objective on shares of AvalonBay Communities (NYSE:AVB) from $123.00 to $125.00 in a research report issued on Monday, Analyst Ratings News reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target suggests a potential downside of 8.81% from the company’s current price.

A number of other firms have also recently commented on AVB. Analysts at Compass Point raised their price target on shares of AvalonBay Communities from $132.00 to $136.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Separately, analysts at TheStreet upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. Finally, 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. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. AvalonBay Communities currently has an average rating of “Hold” and an average price target of $142.46.

In other AvalonBay Communities news, EVP William Mclaughlin sold 14,047 shares of the stock on the open market in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $136.50, for a total transaction of $1,917,415.50. Following the transaction, the executive vice president now directly owns 50,597 shares in the company, valued at approximately $6,906,491. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

AvalonBay Communities (NYSE:AVB) opened at 137.07 on Monday. AvalonBay Communities has a 52-week low of $114.16 and a 52-week high of $141.95. The stock’s 50-day moving average is $132. and its 200-day moving average is $126.. The company has a market cap of $17.760 billion and a price-to-earnings ratio of 42.22.

AvalonBay Communities (NYSE:AVB) last released its earnings data on Wednesday, April 23rd. The company reported $1.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.63 by $0.01. The company had revenue of $400.70 million for the quarter, compared to the consensus estimate of $393.78 million. During the same quarter in the prior year, the company posted $1.36 earnings per share. Analysts expect that AvalonBay Communities will post $6.74 EPS for the current fiscal year.

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

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