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Shares of AvalonBay Communities (NYSE:AVB) have received an average recommendation of “Hold” from the eleven analysts that are currently covering the company, AnalystRatings.Net reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $142.50.

A number of analysts have recently weighed in on AVB shares. 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, July 9th. 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.

AvalonBay Communities (NYSE:AVB) opened at 143.86 on Thursday. AvalonBay Communities has a 52-week low of $114.16 and a 52-week high of $144.82. The stock has a 50-day moving average of $141.5 and a 200-day moving average of $132.3. The company has a market cap of $18.646 billion and a price-to-earnings ratio of 44.38.

AvalonBay Communities (NYSE:AVB) last announced its 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 $6.77 EPS for the current fiscal year.

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

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