AvalonBay Communities (NYSE:AVB) Price Target Lowered to $202.00 at Barclays

AvalonBay Communities (NYSE:AVB) had its target price decreased by stock analysts at Barclays from $217.00 to $202.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Barclays‘s price target indicates a potential upside of 12.81% from the company’s previous close.

A number of other research firms have also recently commented on AVB. Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a report on Friday, January 9th. Wall Street Zen downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Mizuho dropped their target price on shares of AvalonBay Communities from $199.00 to $191.00 and set a “neutral” rating for the company in a report on Monday, November 24th. Royal Bank Of Canada reduced their price target on shares of AvalonBay Communities from $191.00 to $187.00 and set a “sector perform” rating on the stock in a research note on Friday, February 6th. Finally, Piper Sandler lowered their price objective on shares of AvalonBay Communities from $190.00 to $183.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. Five analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $199.66.

AvalonBay Communities Stock Performance

Shares of AvalonBay Communities stock opened at $179.07 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.67 and a debt-to-equity ratio of 0.79. The company has a market cap of $25.08 billion, a PE ratio of 21.86, a price-to-earnings-growth ratio of 3.12 and a beta of 0.75. The company has a 50 day moving average of $178.35 and a 200-day moving average of $182.94. AvalonBay Communities has a 1-year low of $166.73 and a 1-year high of $223.25.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Thursday, February 5th. The real estate investment trust reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.01. AvalonBay Communities had a net margin of 34.57% and a return on equity of 8.78%. The business had revenue of $767.86 million for the quarter, compared to analysts’ expectations of $766.38 million. During the same period last year, the firm posted $2.80 earnings per share. As a group, equities research analysts forecast that AvalonBay Communities will post 11.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AvalonBay Communities

Hedge funds have recently bought and sold shares of the company. Reflection Asset Management acquired a new stake in AvalonBay Communities during the 4th quarter worth about $25,000. Zions Bancorporation National Association UT grew its stake in AvalonBay Communities by 300.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 120 shares during the period. Mather Group LLC. bought a new stake in AvalonBay Communities in the third quarter worth approximately $30,000. BOKF NA acquired a new position in AvalonBay Communities in the third quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC bought a new position in shares of AvalonBay Communities during the 4th quarter worth approximately $32,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.