AvalonBay Communities (NYSE:AVB) Stock Price Expected to Rise, Barclays Analyst Says

AvalonBay Communities (NYSE:AVB) had its price target boosted by analysts at Barclays from $226.00 to $227.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target indicates a potential upside of 17.65% from the company’s current price.

Several other research firms have also weighed in on AVB. Zelman & Associates raised AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Evercore ISI raised their target price on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. BMO Capital Markets cut shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 price target for the company. in a research report on Friday, April 4th. JPMorgan Chase & Co. raised AvalonBay Communities from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $247.00 to $262.00 in a research report on Tuesday, December 17th. Finally, Royal Bank of Canada upped their target price on AvalonBay Communities from $226.00 to $229.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Eight investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $237.47.

AvalonBay Communities Trading Down 0.3 %

Shares of AVB traded down $0.64 during mid-day trading on Friday, hitting $192.95. The company had a trading volume of 899,786 shares, compared to its average volume of 693,087. AvalonBay Communities has a 1-year low of $177.40 and a 1-year high of $239.29. The business’s 50-day simple moving average is $213.58 and its 200-day simple moving average is $220.11. The stock has a market cap of $27.47 billion, a PE ratio of 25.42, a P/E/G ratio of 3.11 and a beta of 0.86. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. Sell-side analysts forecast that AvalonBay Communities will post 11.48 earnings per share for the current year.

Institutional Trading of AvalonBay Communities

Several institutional investors and hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC increased its holdings in shares of AvalonBay Communities by 1,666.7% in the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 150 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in AvalonBay Communities during the fourth quarter valued at $36,000. Crowley Wealth Management Inc. acquired a new stake in shares of AvalonBay Communities during the fourth quarter worth $44,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AvalonBay Communities in the 4th quarter worth about $53,000. Finally, Continuum Advisory LLC lifted its position in shares of AvalonBay Communities by 12,200.0% in the 4th quarter. Continuum Advisory LLC now owns 246 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 244 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.