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AvalonBay Communities Inc (NYSE:AVB) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $6.73-6.87 for the period, compared to the Thomson Reuters consensus estimate of $6.77, American Banking & Market News reports. AvalonBay Communities also updated its Q3 guidance to $1.69-1.75 EPS.

AVB has been the subject of a number of recent research reports. Analysts at Mizuho initiated coverage on shares of AvalonBay Communities in a research note on Wednesday. They set a neutral rating on the stock. On a related note, analysts at Jefferies Group raised their price target on shares of AvalonBay Communities from $125.00 to $146.00 in a research note on Tuesday. Finally, analysts at Barclays raised their price target on shares of AvalonBay Communities from $140.00 to $146.00 in a research note on Monday. They now have an equal weight rating on the stock. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $145.20.

AvalonBay Communities Inc (NYSE:AVB) traded down 0.84% during mid-day trading on Wednesday, hitting $145.14. 1,216,852 shares of the company’s stock traded hands. AvalonBay Communities Inc has a 52 week low of $114.16 and a 52 week high of $147.55. The stock has a 50-day moving average of $142.6 and a 200-day moving average of $133.6. The company has a market cap of $18.811 billion and a P/E ratio of 45.18.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, July 23rd. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.66 by $0.04. The company had revenue of $413.80 million for the quarter, compared to the consensus estimate of $404.86 million. During the same quarter in the prior year, the company posted $1.62 earnings per share. On average, analysts predict that AvalonBay Communities Inc will post $6.77 earnings per share for the current fiscal year.

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

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