AvalonBay Communities (NYSE:AVB) Price Target Cut to $187.00 by Analysts at Royal Bank Of Canada

AvalonBay Communities (NYSE:AVB) had its target price decreased by Royal Bank Of Canada from $191.00 to $187.00 in a report issued on Friday,Benzinga reports. The firm currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target points to a potential upside of 9.59% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Barclays raised their target price on shares of AvalonBay Communities from $216.00 to $217.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Scotiabank reduced their price objective on shares of AvalonBay Communities from $215.00 to $193.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 4th. Colliers Securities reaffirmed a “neutral” rating and set a $195.00 target price (down previously from $200.00) on shares of AvalonBay Communities in a research report on Thursday, December 4th. Morgan Stanley reduced their price target on AvalonBay Communities from $225.00 to $222.50 and set an “overweight” rating for the company in a research report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AvalonBay Communities in a research report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, AvalonBay Communities currently has an average rating of “Hold” and a consensus price target of $202.83.

AvalonBay Communities Trading Up 0.5%

AVB stock traded up $0.93 during trading on Friday, hitting $170.63. The company had a trading volume of 663,195 shares, compared to its average volume of 1,228,375. AvalonBay Communities has a 52-week low of $166.73 and a 52-week high of $230.21. The company has a 50 day simple moving average of $179.26 and a 200-day simple moving average of $185.10. The firm has a market capitalization of $24.16 billion, a P/E ratio of 23.13, a PEG ratio of 3.04 and a beta of 0.76. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.72.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, February 4th. The real estate investment trust reported $2.85 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.01. AvalonBay Communities had a return on equity of 9.72% and a net margin of 38.78%.The business had revenue of $678.85 million during the quarter, compared to analyst estimates of $766.38 million. During the same period in the previous year, the company posted $2.80 EPS. AvalonBay Communities has set its FY 2026 guidance at 11.000-11.500 EPS and its Q1 2026 guidance at 2.730-2.830 EPS. As a group, research analysts forecast that AvalonBay Communities will post 11.48 earnings per share for the current fiscal year.

Institutional Trading of AvalonBay Communities

Institutional investors have recently bought and sold shares of the stock. Empowered Funds LLC raised its stake in shares of AvalonBay Communities by 5.7% during the 1st quarter. Empowered Funds LLC now owns 2,723 shares of the real estate investment trust’s stock valued at $584,000 after buying an additional 148 shares during the last quarter. Truist Financial Corp boosted its holdings in AvalonBay Communities by 44.6% in the 2nd quarter. Truist Financial Corp now owns 11,410 shares of the real estate investment trust’s stock worth $2,322,000 after buying an additional 3,518 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in shares of AvalonBay Communities in the second quarter worth approximately $133,000. Maryland State Retirement & Pension System boosted its stake in AvalonBay Communities by 4.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 6,912 shares of the real estate investment trust’s stock worth $1,407,000 after purchasing an additional 281 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in AvalonBay Communities during the second quarter worth about $19,617,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Company Profile

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.