AvalonBay Communities (NYSE:AVB) has been given a $178.00 target price by equities researchers at BMO Capital Markets in a research note issued on Monday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. BMO Capital Markets’ price objective suggests a potential upside of 12.13% from the stock’s previous close.
Several other equities analysts have also commented on AVB. Zacks Investment Research raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Stifel Nicolaus lowered their price objective on AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, November 1st. Mizuho reissued a “buy” rating and set a $220.00 price objective on shares of AvalonBay Communities in a research report on Monday, November 6th. Royal Bank of Canada lowered their price objective on AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a research report on Monday, November 6th. Finally, UBS Group raised AvalonBay Communities from a “neutral” rating to a “buy” rating and raised their price objective for the company from $190.00 to $206.00 in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $194.82.
Shares of AvalonBay Communities (NYSE AVB) traded down $0.86 during trading on Monday, reaching $158.75. The company’s stock had a trading volume of 1,427,078 shares, compared to its average volume of 851,566. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.10 and a quick ratio of 0.10. The stock has a market capitalization of $22,040.21, a price-to-earnings ratio of 24.96, a P/E/G ratio of 2.45 and a beta of 0.34. AvalonBay Communities has a fifty-two week low of $154.82 and a fifty-two week high of $199.52.
In other news, COO Sean J. Breslin sold 1,500 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $182.65, for a total transaction of $273,975.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leo S. Horey III sold 2,000 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $181.89, for a total value of $363,780.00. The disclosure for this sale can be found here. Insiders have sold 30,660 shares of company stock valued at $5,628,669 over the last 90 days. Corporate insiders own 0.46% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AVB. Capital Analysts LLC increased its holdings in AvalonBay Communities by 441.3% in the 4th quarter. Capital Analysts LLC now owns 2,230 shares of the real estate investment trust’s stock worth $116,000 after buying an additional 1,818 shares in the last quarter. Bartlett & Co. LLC increased its holdings in AvalonBay Communities by 112.8% in the 4th quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 361 shares in the last quarter. Amica Retiree Medical Trust bought a new stake in AvalonBay Communities in the 3rd quarter worth about $132,000. WFG Advisors LP increased its holdings in AvalonBay Communities by 24.9% in the 2nd quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 167 shares in the last quarter. Finally, Keeler Thomas Management LLC bought a new stake in AvalonBay Communities in the 4th quarter worth about $166,000. Institutional investors own 95.21% 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.
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