AvalonBay Communities, Inc. (NYSE:AVB) Stock Rating Reaffirmed by Stifel Nicolaus

AvalonBay Communities, Inc. (NYSE:AVB)‘s stock had its “buy” rating restated by Stifel Nicolaus in a report issued on Friday, September 1st, MarketBeat Ratings reports. They presently have a $209.00 target price on the real estate investment trust’s stock. Stifel Nicolaus’ target price suggests a potential upside of 13.73% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the company. BMO Capital Markets restated a “hold” rating and set a $191.00 price objective on shares of AvalonBay Communities in a report on Thursday, May 25th. Deutsche Bank AG downgraded AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price objective on the stock. in a report on Wednesday, May 17th. Royal Bank Of Canada restated a “buy” rating and set a $203.00 price objective on shares of AvalonBay Communities in a report on Sunday, July 16th. BidaskClub downgraded AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Argus started coverage on AvalonBay Communities in a report on Thursday, June 22nd. They set a “buy” rating and a $220.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $195.47.

AvalonBay Communities (AVB) traded up 0.02% during trading on Friday, reaching $183.77. 1,318,370 shares of the company’s stock traded hands. AvalonBay Communities has a one year low of $158.32 and a one year high of $199.52. The firm has a market capitalization of $25.31 billion, a PE ratio of 25.31 and a beta of 0.35. The company has a 50-day moving average price of $188.49 and a 200 day moving average price of $188.91.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.05). AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. The company had revenue of $530.51 million for the quarter, compared to analyst estimates of $529.48 million. During the same period last year, the firm posted $2.03 earnings per share. On average, analysts anticipate that AvalonBay Communities will post $5.19 earnings per share for the current fiscal year.

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Hedge funds have recently made changes to their positions in the business. IBM Retirement Fund boosted its position in AvalonBay Communities by 120.1% during the 2nd quarter. IBM Retirement Fund now owns 3,374 shares of the real estate investment trust’s stock worth $724,000 after acquiring an additional 1,841 shares during the period. Ffcm LLC boosted its position in AvalonBay Communities by 6.6% during the 2nd quarter. Ffcm LLC now owns 10,736 shares of the real estate investment trust’s stock worth $2,064,000 after acquiring an additional 667 shares during the period. Swiss National Bank boosted its position in AvalonBay Communities by 2.0% during the 2nd quarter. Swiss National Bank now owns 849,580 shares of the real estate investment trust’s stock worth $163,264,000 after acquiring an additional 16,400 shares during the period. Norinchukin Bank The boosted its position in AvalonBay Communities by 7.1% during the 1st quarter. Norinchukin Bank The now owns 8,924 shares of the real estate investment trust’s stock worth $1,638,000 after acquiring an additional 593 shares during the period. Finally, State Treasurer State of Michigan boosted its position in AvalonBay Communities by 0.4% during the 2nd quarter. State Treasurer State of Michigan now owns 45,323 shares of the real estate investment trust’s stock worth $8,710,000 after acquiring an additional 200 shares during the period. Institutional investors own 97.54% of the company’s stock.

About AvalonBay Communities

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.

Analyst Recommendations for AvalonBay Communities (NYSE:AVB)

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