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Equities researchers at Jefferies Group upped their price objective on shares of AvalonBay Communities (NYSE:AVB) from $146.00 to $149.00 in a research report issued on Monday. Jefferies Group’s price target suggests a potential downside of 1.30% from the stock’s previous close.

AvalonBay Communities (NYSE:AVB) opened at 150.96 on Monday. AvalonBay Communities has a 1-year low of $114.16 and a 1-year high of $152.95. The stock’s 50-day moving average is $147.0 and its 200-day moving average is $137.1. The company has a market cap of $19.804 billion and a P/E ratio of 36.32.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, July 23rd. The company reported $1.70 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.62 earnings per share. Analysts expect that AvalonBay Communities will post $7.01 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Thursday. They now have a $160.00 price target on the stock. Separately, 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. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $149.00.

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

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