AvalonBay Communities Stock Rating Reaffirmed by Zacks (AVB)
AvalonBay Communities (NYSE:AVB)‘s stock had its “neutral” rating restated by Zacks in a research report issued on Thursday. They currently have a $160.00 price target on the stock. Zacks‘s target price would suggest a potential upside of 4.95% from the company’s current price.
A number of other firms have also recently commented on AVB. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Tuesday, July 29th. They now have a $155.00 price target on the stock, up previously from $130.00. Separately, analysts at RBC Capital raised their price target on shares of AvalonBay Communities from $160.00 to $164.00 in a research note on Tuesday, July 29th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of AvalonBay Communities from $147.00 to $158.00 in a research note on Tuesday, July 29th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. AvalonBay Communities presently has an average rating of “Hold” and an average target price of $148.73.
AvalonBay Communities (NYSE:AVB) traded down 0.63% on Thursday, hitting $151.49. The stock had a trading volume of 529,353 shares. AvalonBay Communities has a one year low of $114.16 and a one year high of $152.95. The stock’s 50-day moving average is $146.7 and its 200-day moving average is $136.9. The company has a market cap of $19.873 billion and a price-to-earnings ratio of 36.55.
AvalonBay Communities (NYSE:AVB) last released its 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 will post $7.02 earnings per share for the current fiscal year.
AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .
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