AvalonBay Communities, Inc. (NYSE:AVB)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a note issued to investors on Wednesday. They currently have a $209.00 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 17.62% from the company’s current price.

Several other brokerages have also commented on AVB. BidaskClub lowered AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. Robert W. Baird restated a “buy” rating and issued a $202.00 price objective on shares of AvalonBay Communities in a research report on Friday, September 1st. KeyCorp reaffirmed a “hold” rating on shares of AvalonBay Communities in a research note on Sunday, September 24th. Deutsche Bank AG upped their target price on AvalonBay Communities from $193.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $191.00 target price on shares of AvalonBay Communities in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the company. AvalonBay Communities has a consensus rating of “Hold” and an average target price of $196.00.

AvalonBay Communities (AVB) opened at 177.69 on Wednesday. The company has a 50-day moving average price of $184.88 and a 200-day moving average price of $188.80. AvalonBay Communities has a 12-month low of $158.32 and a 12-month high of $199.52. The stock has a market capitalization of $24.47 billion, a PE ratio of 24.47 and a beta of 0.36.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing the Zacks’ consensus estimate of $2.14 by ($0.05). AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. The business had revenue of $530.51 million for the quarter, compared to analyst estimates of $529.48 million. During the same quarter last year, the business earned $2.03 earnings per share. Analysts expect that AvalonBay Communities will post $5.19 earnings per share for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Martingale Asset Management L P boosted its holdings in shares of AvalonBay Communities by 127.7% during the 1st quarter. Martingale Asset Management L P now owns 5,313 shares of the real estate investment trust’s stock worth $976,000 after purchasing an additional 2,980 shares during the last quarter. Stifel Financial Corp lifted its position in AvalonBay Communities by 4.6% during the first quarter. Stifel Financial Corp now owns 6,185 shares of the real estate investment trust’s stock worth $1,135,000 after buying an additional 270 shares in the last quarter. BB&T Securities LLC lifted its position in AvalonBay Communities by 0.5% during the first quarter. BB&T Securities LLC now owns 3,508 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 16 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in AvalonBay Communities by 1.4% during the first quarter. Municipal Employees Retirement System of Michigan now owns 4,430 shares of the real estate investment trust’s stock worth $813,000 after buying an additional 60 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in AvalonBay Communities by 0.6% during the first quarter. California Public Employees Retirement System now owns 290,396 shares of the real estate investment trust’s stock worth $53,317,000 after buying an additional 1,700 shares in the last quarter. 97.52% of the stock is currently owned by institutional investors and hedge funds.

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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