Evercore ISI upgraded shares of AvalonBay Communities Inc. (NYSE:AVB) from a hold rating to a buy rating in a report issued on Monday. They currently have $179.00 price objective on the real estate investment trust’s stock.

Several other equities analysts have also weighed in on AVB. Jefferies Group restated a hold rating on shares of AvalonBay Communities in a report on Monday, August 1st. Deutsche Bank AG cut their price objective on shares of AvalonBay Communities from $194.00 to $193.00 and set a buy rating on the stock in a report on Wednesday, August 10th. BTIG Research initiated coverage on shares of AvalonBay Communities in a report on Thursday, August 25th. They issued a buy rating and a $208.00 price objective on the stock. Sandler O’Neill upgraded shares of AvalonBay Communities from a hold rating to a buy rating in a report on Tuesday, September 6th. Finally, Zacks Investment Research lowered shares of AvalonBay Communities from a hold rating to a sell rating in a report on Tuesday, October 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $194.56.

AvalonBay Communities (NYSE:AVB) opened at 163.42 on Monday. The stock’s 50 day moving average is $167.28 and its 200 day moving average is $175.48. The stock has a market capitalization of $22.44 billion, a PE ratio of 23.71 and a beta of 0.39. AvalonBay Communities has a 12-month low of $158.32 and a 12-month high of $192.29.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Monday, October 24th. The real estate investment trust reported $2.11 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.11. AvalonBay Communities had a net margin of 50.39% and a return on equity of 9.57%. During the same period last year, the company earned $2.02 EPS. Analysts forecast that AvalonBay Communities will post $8.28 EPS for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Friday, December 30th will be paid a $1.35 dividend. This is a boost from AvalonBay Communities’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $5.40 annualized dividend and a yield of 3.36%. AvalonBay Communities’s payout ratio is 78.37%.

A number of hedge funds have recently modified their holdings of AVB. First Financial Corp IN boosted its stake in shares of AvalonBay Communities by 21.8% in the second quarter. First Financial Corp IN now owns 559 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 100 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in AvalonBay Communities by 444.9% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 583 shares of the real estate investment trust’s stock valued at $104,000 after buying an additional 476 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in AvalonBay Communities during the second quarter valued at approximately $125,000. First New York Securities LLC NY purchased a new position in AvalonBay Communities during the second quarter valued at approximately $144,000. Finally, IFP Advisors Inc raised its position in AvalonBay Communities by 0.3% in the second quarter. IFP Advisors Inc now owns 1,006 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 3 shares in the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust. The Company focuses 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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