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AvalonBay Communities (NYSE:AVB) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, AnalystRatingsNetwork reports. Six research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $142.50.

A number of research firms have recently commented on AVB. Analysts at Deutsche Bank raised their price target on shares of AvalonBay Communities from $138.00 to $147.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of AvalonBay Communities from $153.00 to $158.00 in a research note on Friday, June 20th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Wednesday, May 14th. They now have a $146.00 price target on the stock.

Shares of AvalonBay Communities (NYSE:AVB) traded up 0.28% during mid-day trading on Thursday, hitting $143.91. 32,473 shares of the company’s stock traded hands. AvalonBay Communities has a 52 week low of $114.16 and a 52 week high of $144.51. The stock’s 50-day moving average is $141. and its 200-day moving average is $132.1. The company has a market cap of $18.652 billion and a P/E ratio of 44.29.

AvalonBay Communities (NYSE:AVB) last released its earnings data on Wednesday, April 23rd. The company reported $1.64 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.36 earnings per share. Analysts expect that AvalonBay Communities will post $6.77 EPS for the current fiscal year.

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

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