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.
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.
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