AvalonBay Communities (AVB) Stock Rating Reaffirmed by Stifel Nicolaus

AvalonBay Communities (NYSE:AVB)‘s stock had its “buy” rating reissued by research analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. They presently have a $185.00 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ target price suggests a potential upside of 9.66% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Royal Bank of Canada decreased their price target on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a research report on Monday, November 6th. JPMorgan Chase & Co. cut shares of AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a research report on Friday, December 15th. UBS Group raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and upped their price target for the stock from $190.00 to $206.00 in a research report on Thursday, November 9th. Finally, Evercore ISI raised shares of AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 price target for the company in a research report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. AvalonBay Communities has an average rating of “Hold” and an average price target of $199.40.

Shares of AvalonBay Communities (AVB) opened at $168.70 on Friday. AvalonBay Communities has a 12 month low of $167.09 and a 12 month high of $199.52. The stock has a market cap of $23,169.77, a price-to-earnings ratio of 26.36, a PEG ratio of 2.49 and a beta of 0.35. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.69.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.17 by ($0.45). AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The company had revenue of $550.50 million for the quarter, compared to analysts’ expectations of $539.69 million. During the same period in the prior year, the firm earned $2.11 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. sell-side analysts predict that AvalonBay Communities will post 8.62 earnings per share for the current fiscal year.

In other AvalonBay Communities news, CEO Timothy J. Naughton sold 25,160 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total value of $4,625,414.40. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Leo S. Horey III sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $182.75, for a total transaction of $365,500.00. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock worth $5,628,669 in the last quarter. 0.46% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the company. Bartlett & Co. LLC raised its stake in shares of AvalonBay Communities by 112.8% in the 4th quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 361 shares in the last quarter. Amica Retiree Medical Trust acquired a new stake in shares of AvalonBay Communities in the 3rd quarter valued at about $132,000. WFG Advisors LP raised its stake in shares of AvalonBay Communities by 24.9% in the 2nd quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 167 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in shares of AvalonBay Communities in the 2nd quarter valued at about $226,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of AvalonBay Communities in the 3rd quarter valued at about $227,000. Institutional investors and hedge funds own 94.86% 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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