AvalonBay Communities, Inc. (NYSE:AVB) had its price objective upped by equities research analysts at Deutsche Bank AG from $193.00 to $195.00 in a research report issued on Friday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank AG’s price target points to a potential upside of 3.18% from the company’s current price.

A number of other analysts have also recently commented on AVB. Jefferies Group LLC reissued a “hold” rating and set a $196.00 target price on shares of AvalonBay Communities in a research note on Monday, April 24th. BTIG Research boosted their target price on shares of AvalonBay Communities from $191.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. BMO Capital Markets reissued a “hold” rating and set a $191.00 target price on shares of AvalonBay Communities in a research note on Thursday, May 25th. Argus started coverage on shares of AvalonBay Communities in a research note on Thursday, June 22nd. They set a “buy” rating and a $220.00 target price for the company. Finally, BidaskClub cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $193.75.

AvalonBay Communities (NYSE AVB) traded down 0.73% on Friday, hitting $188.99. 577,316 shares of the company’s stock traded hands. The stock has a 50-day moving average of $189.80 and a 200-day moving average of $187.68. AvalonBay Communities has a one year low of $158.32 and a one year high of $199.52. The stock has a market cap of $26.03 billion, a PE ratio of 26.03 and a beta of 0.34.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by $0.05. The company had revenue of $530.51 million for the quarter, compared to analysts’ expectations of $529.48 million. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. During the same period in the prior year, the firm earned $2.03 EPS. On average, equities analysts forecast that AvalonBay Communities will post $5.26 earnings per share for the current fiscal year.

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In other news, insider William M. Mclaughlin sold 5,112 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $193.88, for a total value of $991,114.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in AVB. Creative Planning increased its stake in shares of AvalonBay Communities by 0.4% in the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 2 shares during the last quarter. BB&T Securities LLC increased its stake in shares of AvalonBay Communities by 0.5% in the first quarter. BB&T Securities LLC now owns 3,508 shares of the real estate investment trust’s stock valued at $644,000 after buying an additional 16 shares during the last quarter. Conning Inc. increased its stake in shares of AvalonBay Communities by 0.4% in the second quarter. Conning Inc. now owns 4,289 shares of the real estate investment trust’s stock valued at $824,000 after buying an additional 19 shares during the last quarter. Whittier Trust Co. increased its stake in shares of AvalonBay Communities by 2.8% in the first quarter. Whittier Trust Co. now owns 1,144 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 31 shares during the last quarter. Finally, Miles Capital Inc. increased its stake in shares of AvalonBay Communities by 2.8% in the second quarter. Miles Capital Inc. now owns 1,402 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 38 shares during the last quarter. 97.89% of the stock is currently owned by institutional investors and hedge funds.

About AvalonBay Communities

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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