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AvalonBay Communities (NYSE:AVB) has been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the stock, AnalystRatings.NET reports. Eight research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $151.36.

In other AvalonBay Communities news, EVP William M. Mclaughlin sold 3,500 shares of AvalonBay Communities stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $152.90, for a total value of $535,150.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of AvalonBay Communities (NYSE:AVB) opened at 153.63 on Thursday. AvalonBay Communities has a 52 week low of $114.16 and a 52 week high of $156.16. The stock’s 50-day moving average is $148.7 and its 200-day moving average is $138.3. The company has a market cap of $20.154 billion and a P/E ratio of 37.26.

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 will post $7.03 earnings per share for the current fiscal year.

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, August 19th. 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, August 18th. 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.

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

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