Royal Bank Of Canada Issues Pessimistic Forecast for AvalonBay Communities (NYSE:AVB) Stock Price

AvalonBay Communities (NYSE:AVB) had its target price reduced by investment analysts at Royal Bank Of Canada from $202.00 to $197.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s target price points to a potential upside of 13.23% from the stock’s current price.

AVB has been the subject of several other reports. Piper Sandler lowered their price objective on shares of AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Monday. Wall Street Zen upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday. Barclays raised their price objective on shares of AvalonBay Communities from $228.00 to $229.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 30th. Wells Fargo & Company lowered their price objective on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of AvalonBay Communities in a report on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $212.92.

AvalonBay Communities Trading Down 0.8%

Shares of NYSE:AVB traded down $1.39 during midday trading on Tuesday, hitting $173.98. 275,336 shares of the stock traded hands, compared to its average volume of 823,898. The stock has a market capitalization of $24.77 billion, a PE ratio of 21.25, a P/E/G ratio of 2.54 and a beta of 0.86. The business’s 50 day moving average is $189.59 and its two-hundred day moving average is $197.21. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities has a one year low of $166.73 and a one year high of $239.29.

AvalonBay Communities (NYSE:AVB) last issued 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 period 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, research analysts forecast that AvalonBay Communities will post 11.48 earnings per share for the current year.

Institutional Investors Weigh In On AvalonBay Communities

Institutional investors have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of AvalonBay Communities during the third quarter valued at approximately $30,000. Clearstead Trust LLC boosted its holdings in AvalonBay Communities by 62.0% in the second quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 62 shares during the last quarter. AlphaQuest LLC purchased a new stake in AvalonBay Communities in the third quarter worth approximately $33,000. Headlands Technologies LLC purchased a new stake in AvalonBay Communities in the second quarter worth approximately $36,000. Finally, Sound Income Strategies LLC boosted its holdings in AvalonBay Communities by 76.4% in the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors 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.