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

AvalonBay Communities (NYSE:AVB) had its price target decreased by equities researchers at Royal Bank Of Canada from $202.00 to $197.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 13.23% from the stock’s previous close.

Other research analysts also recently issued reports about the stock. Evercore ISI reiterated an “in-line” rating and issued a $214.00 price target on shares of AvalonBay Communities in a research report on Monday. Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and decreased their price target for the stock from $224.00 to $218.00 in a research report on Thursday, September 11th. UBS Group decreased their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Morgan Stanley upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. Finally, BNP Paribas Exane downgraded shares of AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $212.92.

AvalonBay Communities Stock Performance

AVB stock traded down $1.39 on Tuesday, hitting $173.98. The company had a trading volume of 275,336 shares, compared to its average volume of 823,898. AvalonBay Communities has a 12-month low of $166.73 and a 12-month high of $239.29. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. The stock’s 50-day simple moving average is $189.59 and its 200 day simple moving average is $197.21. The stock has a market cap of $24.77 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 2.54 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.The business had revenue of $682.36 million during the quarter, compared to the consensus estimate of $766.22 million. During the same quarter in the previous year, the business 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 expect that AvalonBay Communities will post 11.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AvalonBay Communities

Institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. purchased a new position in shares of AvalonBay Communities in the 3rd quarter worth $30,000. Clearstead Trust LLC grew its stake in shares of AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 62 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of AvalonBay Communities in the 3rd quarter worth $33,000. Headlands Technologies LLC purchased a new position in shares of AvalonBay Communities in the 2nd quarter worth $36,000. Finally, Sound Income Strategies LLC grew its stake in shares of AvalonBay Communities by 76.4% in the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 81 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.