AvalonBay Communities (AVB) Given a $185.00 Price Target by Mizuho Analysts

AvalonBay Communities (NYSE:AVB) has been assigned a $185.00 target price by analysts at Mizuho in a research report issued to clients and investors on Friday. The firm currently has a “buy” rating on the real estate investment trust’s stock. Mizuho’s price target would suggest a potential upside of 15.94% from the stock’s current price.

Other equities research analysts have also issued reports about the stock. Royal Bank of Canada reduced their target price on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Stifel Nicolaus cut their price objective on shares of AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, November 1st. UBS Group raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and increased their price objective for the company from $190.00 to $206.00 in a report on Thursday, November 9th. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 price objective on shares of AvalonBay Communities in a report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. lowered shares of AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the company. AvalonBay Communities presently has a consensus rating of “Hold” and a consensus target price of $195.35.

Shares of AvalonBay Communities (NYSE AVB) traded up $4.63 during trading hours on Friday, hitting $159.57. 1,183,175 shares of the stock traded hands, compared to its average volume of 793,388. AvalonBay Communities has a 52-week low of $154.82 and a 52-week high of $199.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.71. The company has a market cap of $21,856.55, a PE ratio of 24.83, a PEG ratio of 2.39 and a beta of 0.34.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $1.03. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The firm had revenue of $555.29 million for the quarter, compared to analysts’ expectations of $554.20 million. During the same quarter in the prior year, the business earned $2.12 EPS. The business’s quarterly revenue was up 7.1% on a year-over-year basis. equities analysts forecast that AvalonBay Communities will post 9.02 earnings per share for the current year.

In other news, COO Sean J. Breslin sold 1,500 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $182.65, for a total transaction of $273,975.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Timothy J. Naughton sold 25,160 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total value of $4,625,414.40. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock valued at $5,628,669 over the last quarter. Corporate insiders own 0.46% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of AVB. Stifel Financial Corp lifted its position in AvalonBay Communities by 75.8% in the second quarter. Stifel Financial Corp now owns 10,875 shares of the real estate investment trust’s stock worth $2,090,000 after buying an additional 4,690 shares during the last quarter. Janus Henderson Group PLC lifted its position in AvalonBay Communities by 170.4% in the second quarter. Janus Henderson Group PLC now owns 250,601 shares of the real estate investment trust’s stock worth $48,161,000 after buying an additional 157,907 shares during the last quarter. Cubist Systematic Strategies LLC bought a new stake in AvalonBay Communities in the second quarter worth $226,000. The Manufacturers Life Insurance Company lifted its position in AvalonBay Communities by 3.1% in the second quarter. The Manufacturers Life Insurance Company now owns 144,567 shares of the real estate investment trust’s stock worth $27,782,000 after buying an additional 4,380 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its position in AvalonBay Communities by 550.3% in the second quarter. Nomura Holdings Inc. now owns 12,290 shares of the real estate investment trust’s stock worth $2,363,000 after buying an additional 10,400 shares during the last quarter. Institutional investors own 95.24% of the company’s stock.

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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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