AvalonBay Communities, Inc. (NYSE:AVB) had its target price hoisted by investment analysts at Barclays PLC from $188.00 to $189.00 in a research note issued to investors on Tuesday. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays PLC’s target price would suggest a potential upside of 0.32% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. BidaskClub cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $196.00 price target on shares of AvalonBay Communities in a research report on Tuesday, July 4th. JMP Securities cut shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Evercore ISI dropped their price target on shares of AvalonBay Communities from $188.00 to $186.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 19th. Finally, Deutsche Bank AG cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price target on the stock. in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the stock. AvalonBay Communities currently has a consensus rating of “Hold” and an average price target of $194.46.

Shares of AvalonBay Communities (AVB) traded down 0.86% during mid-day trading on Tuesday, hitting $188.40. The stock had a trading volume of 594,163 shares. AvalonBay Communities has a 1-year low of $158.32 and a 1-year high of $199.52. The firm’s 50 day moving average price is $193.38 and its 200 day moving average price is $184.09. The company has a market cap of $25.89 billion, a P/E ratio of 25.10 and a beta of 0.34.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, April 26th. The real estate investment trust reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.11 by $0.02. The firm had revenue of $522.33 million during the quarter, compared to analyst estimates of $520.56 million. AvalonBay Communities had a net margin of 50.12% and a return on equity of 10.31%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.97 earnings per share. Analysts predict that AvalonBay Communities will post $5.51 earnings per share for the current fiscal year.

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In other AvalonBay Communities news, insider Leo S. Horey III sold 3,000 shares of AvalonBay Communities stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $190.25, for a total transaction of $570,750.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William M. Mclaughlin sold 5,112 shares of AvalonBay Communities stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $193.88, for a total transaction of $991,114.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,336 shares of company stock worth $8,123,261. Insiders own 0.53% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. DnB Asset Management AS boosted its position in AvalonBay Communities by 17.9% in the first quarter. DnB Asset Management AS now owns 14,478 shares of the real estate investment trust’s stock valued at $2,658,000 after buying an additional 2,200 shares in the last quarter. Baldwin Brothers Inc. MA boosted its position in AvalonBay Communities by 16.1% in the first quarter. Baldwin Brothers Inc. MA now owns 39,368 shares of the real estate investment trust’s stock valued at $7,228,000 after buying an additional 5,461 shares in the last quarter. Capstone Asset Management Co. boosted its position in AvalonBay Communities by 3.0% in the first quarter. Capstone Asset Management Co. now owns 16,591 shares of the real estate investment trust’s stock valued at $3,046,000 after buying an additional 486 shares in the last quarter. Bank of Montreal Can boosted its position in AvalonBay Communities by 592.9% in the first quarter. Bank of Montreal Can now owns 461,531 shares of the real estate investment trust’s stock valued at $84,736,000 after buying an additional 394,927 shares in the last quarter. Finally, National Pension Service boosted its position in AvalonBay Communities by 6.8% in the first quarter. National Pension Service now owns 116,096 shares of the real estate investment trust’s stock valued at $21,283,000 after buying an additional 7,368 shares in the last quarter. 98.56% of the stock is currently owned by hedge funds and other institutional investors.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

Analyst Recommendations for AvalonBay Communities (NYSE:AVB)

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