AvalonBay Communities (AVB) Receives Buy Rating from Stifel Nicolaus

AvalonBay Communities (NYSE:AVB)‘s stock had its “buy” rating reissued by analysts at Stifel Nicolaus in a report issued on Friday. They currently have a $185.00 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price objective points to a potential upside of 9.66% from the stock’s previous close.

A number of other equities analysts have also recently commented on AVB. Robert W. Baird restated a “buy” rating and set a $187.00 target price on shares of AvalonBay Communities in a report on Tuesday, January 9th. UBS Group upgraded AvalonBay Communities from a “neutral” rating to a “buy” rating and raised their target price for the company from $190.00 to $206.00 in a report on Thursday, November 9th. Mizuho restated a “buy” rating and set a $220.00 target price on shares of AvalonBay Communities in a report on Monday, November 6th. Zacks Investment Research upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, BMO Capital Markets restated a “hold” rating and set a $190.00 target price on shares of AvalonBay Communities in a report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $199.40.

Shares of AvalonBay Communities (AVB) traded up $0.91 during trading hours on Friday, hitting $168.70. The company had a trading volume of 722,165 shares, compared to its average volume of 573,108. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69. The firm has a market cap of $23,190.00, a P/E ratio of 26.44, a price-to-earnings-growth ratio of 2.52 and a beta of 0.35. AvalonBay Communities has a 1 year low of $167.09 and a 1 year high of $199.52.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.45). The business had revenue of $550.50 million for the quarter, compared to analyst estimates of $539.69 million. AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.11 earnings per share. sell-side analysts expect that AvalonBay Communities will post 8.62 EPS for the current year.

In other news, CEO Timothy J. Naughton sold 25,160 shares of AvalonBay Communities stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $183.84, for a total value of $4,625,414.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $182.75, for a total value of $365,500.00. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock valued at $5,628,669 in the last quarter. Company insiders own 0.46% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Bartlett & Co. LLC lifted its stake in AvalonBay Communities by 112.8% during the fourth quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 361 shares during the last quarter. Amica Retiree Medical Trust purchased a new stake in AvalonBay Communities during the third quarter worth approximately $132,000. WFG Advisors LP lifted its stake in AvalonBay Communities by 24.9% during the second quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 167 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in AvalonBay Communities during the second quarter worth approximately $226,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in AvalonBay Communities during the third quarter worth approximately $227,000. Hedge funds and other institutional investors own 94.86% of the company’s stock.

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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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