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Shares of AvalonBay Communities (NYSE:AVB) have been given an average recommendation of “Hold” by the fourteen analysts that are currently covering the stock, AnalystRatings.NET reports. Eight research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $151.36.

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 shares were sold at an average price of $151.63, for a total value of $816,679.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on AVB shares. Analysts at Cowen and Company raised their price target on shares of AvalonBay Communities to $166.00 in a research note on Tuesday. Separately, 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. Finally, 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.

Shares of AvalonBay Communities (NYSE:AVB) traded up 0.45% during mid-day trading on Thursday, hitting $155.72. 181,127 shares of the company’s stock traded hands. AvalonBay Communities has a 1-year low of $114.16 and a 1-year high of $155.62. The stock’s 50-day moving average is $148.0 and its 200-day moving average is $138.. The company has a market cap of $20.428 billion and a P/E ratio of 37.17.

AvalonBay Communities (NYSE:AVB) last posted its quarterly 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. On average, analysts predict that AvalonBay Communities will post $7.03 earnings per share for the current fiscal year.

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

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