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Investment analysts at Compass Point upped their price target on shares of AvalonBay Communities (NYSE:AVB) from $132.00 to $136.00 in a note issued to investors on Monday, Analyst Ratings Net reports. The firm currently has a “neutral” rating on the stock. Compass Point’s target price would suggest a potential downside of 0.78% from the stock’s previous close.

A number of other firms have also recently commented on AVB. Analysts at TheStreet upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $142.46.

AvalonBay Communities (NYSE:AVB) traded up 0.51% on Monday, hitting $137.07. The stock had a trading volume of 835,219 shares. AvalonBay Communities has a 52-week low of $114.16 and a 52-week high of $141.95. The stock has a 50-day moving average of $132. and a 200-day moving average of $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 posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.64 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.36 earnings per share. Analysts expect that AvalonBay Communities will post $6.74 EPS for the current fiscal year.

In other AvalonBay Communities news, EVP William Mclaughlin sold 14,047 shares of AvalonBay Communities stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $136.50, for a total value of $1,917,415.50. Following the completion of 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 filing with the Securities & Exchange Commission, which can be accessed through this link.

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

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