AvalonBay Communities (NYSE:AVB) Stock Price Expected to Rise, Barclays Analyst Says

AvalonBay Communities (NYSE:AVB) had its price objective increased by research analysts at Barclays from $216.00 to $217.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s target price would indicate a potential upside of 20.51% from the company’s previous close.

A number of other equities analysts have also recently issued reports on AVB. BNP Paribas cut shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. UBS Group lowered their price objective on shares of AvalonBay Communities from $192.00 to $191.00 and set a “neutral” rating on the stock in a research note on Thursday, January 8th. Mizuho cut their price objective on AvalonBay Communities from $199.00 to $191.00 and set a “neutral” rating for the company in a research report on Monday, November 24th. Evercore ISI restated an “in-line” rating and set a $214.00 price objective on shares of AvalonBay Communities in a research report on Monday, November 3rd. Finally, Wall Street Zen raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, AvalonBay Communities currently has an average rating of “Hold” and an average price target of $205.89.

AvalonBay Communities Stock Up 0.7%

AvalonBay Communities stock opened at $180.07 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.67 and a current ratio of 0.67. The stock’s fifty day moving average is $179.72 and its two-hundred day moving average is $187.80. AvalonBay Communities has a fifty-two week low of $166.73 and a fifty-two week high of $230.21. The firm has a market capitalization of $25.50 billion, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 3.04 and a beta of 0.75.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.72% and a net margin of 38.78%.The business had revenue of $766.80 million for the quarter, compared to analysts’ expectations of $766.22 million. During the same period in the prior year, the company earned $2.74 EPS. Analysts predict that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Mather Group LLC. acquired a new stake in shares of AvalonBay Communities during the third quarter valued at about $30,000. BOKF NA bought a new position in AvalonBay Communities in the 3rd quarter valued at about $31,000. Clearstead Trust LLC lifted its stake in AvalonBay Communities by 62.0% during the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 62 shares in the last quarter. AlphaQuest LLC bought a new position in shares of AvalonBay Communities in the third quarter valued at approximately $33,000. Finally, Headlands Technologies LLC purchased a new stake in AvalonBay Communities during the second quarter worth about $36,000. Institutional investors own 92.61% of the company’s stock.

About AvalonBay Communities

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.