Share on StockTwits

Cowen and Company hoisted their price objective on shares of AvalonBay Communities (NYSE:AVB) to $166.00 in a research note issued on Tuesday. Cowen and Company’s price objective points to a potential upside of 8.30% from the company’s current price.

AVB has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of AvalonBay Communities from $146.00 to $149.00 in a research note on Monday. They now have a “hold” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Thursday, August 14th. They now have a $160.00 price target on the stock. Finally, 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. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $151.36.

AvalonBay Communities (NYSE:AVB) opened at 153.28 on Tuesday. AvalonBay Communities has a 52-week low of $114.16 and a 52-week high of $153.33. The stock has a 50-day moving average of $147.3 and a 200-day moving average of $137.5. The company has a market cap of $20.108 billion and a price-to-earnings ratio of 36.19.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data 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.

In other AvalonBay Communities news, CFO Kevin P. O’shea sold 5,386 shares of the stock on the open market in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $151.63, for a total value of $816,679.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.