AvalonBay Communities (NYSE:AVB) Price Target Cut to $190.00 by Analysts at Piper Sandler

AvalonBay Communities (NYSE:AVB) had its target price decreased by investment analysts at Piper Sandler from $200.00 to $190.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. Piper Sandler’s price objective would suggest a potential upside of 9.03% from the company’s current price.

A number of other brokerages have also recently issued reports on AVB. Cantor Fitzgerald started coverage on shares of AvalonBay Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $205.00 price objective for the company. BNP Paribas Exane lowered shares of AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Truist Financial upgraded AvalonBay Communities from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $224.00 to $218.00 in a report on Thursday, September 11th. UBS Group lowered their target price on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Finally, Evercore ISI reduced their price target on AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating on the stock in a research report on Monday, October 13th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $216.54.

AvalonBay Communities Stock Performance

NYSE AVB opened at $174.26 on Monday. The company has a fifty day moving average of $189.93 and a 200-day moving average of $197.40. AvalonBay Communities has a 52-week low of $166.73 and a 52-week high of $239.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market capitalization of $24.81 billion, a P/E ratio of 21.28, a P/E/G ratio of 2.54 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.75 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.06). The firm had revenue of $682.36 million for the quarter, compared to the consensus estimate of $766.22 million. AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.75%. During the same quarter last year, the company posted $2.74 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.150-11.35 EPS. Q4 2025 guidance at 2.800-2.90 EPS. As a group, equities research analysts predict that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AVB. Cambridge Investment Research Advisors Inc. raised its stake in AvalonBay Communities by 27.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,744 shares of the real estate investment trust’s stock worth $589,000 after acquiring an additional 599 shares during the period. DAVENPORT & Co LLC boosted its holdings in AvalonBay Communities by 21.9% in the 1st quarter. DAVENPORT & Co LLC now owns 1,169 shares of the real estate investment trust’s stock worth $251,000 after buying an additional 210 shares during the period. Strategic Blueprint LLC increased its stake in AvalonBay Communities by 6.3% in the 1st quarter. Strategic Blueprint LLC now owns 1,846 shares of the real estate investment trust’s stock worth $396,000 after buying an additional 109 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AvalonBay Communities by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 988,604 shares of the real estate investment trust’s stock worth $212,174,000 after acquiring an additional 5,123 shares during the period. Finally, Penserra Capital Management LLC grew its position in shares of AvalonBay Communities by 77.5% during the first quarter. Penserra Capital Management LLC now owns 6,982 shares of the real estate investment trust’s stock worth $1,496,000 after purchasing an additional 3,049 shares in the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

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.