AvalonBay Communities (AVB) Given a $178.00 Price Target by BMO Capital Markets Analysts

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.

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

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.

Analyst Recommendations for AvalonBay Communities (NYSE:AVB)

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