AvalonBay Communities, Inc. (NYSE:AVB) Receives $196.87 Consensus PT from Analysts

AvalonBay Communities, Inc. (NYSE:AVB) has been given a consensus recommendation of “Hold” by the eighteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Fifteen research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $196.8667.

Several research analysts recently commented on AVB shares. Truist Financial raised their price target on shares of AvalonBay Communities from $201.00 to $202.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Scotiabank increased their price objective on shares of AvalonBay Communities from $187.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 9th. Jefferies Financial Group raised shares of AvalonBay Communities to a “hold” rating in a research note on Wednesday, July 22nd. Cantor Fitzgerald restated a “neutral” rating and set a $190.00 target price on shares of AvalonBay Communities in a report on Wednesday, August 19th. Finally, Piper Sandler upped their price target on shares of AvalonBay Communities from $195.00 to $210.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st.

AvalonBay Communities Stock Performance

Shares of NYSE:AVB opened at $184.06 on Tuesday. The business has a 50-day moving average of $186.58 and a two-hundred day moving average of $181.48. The firm has a market capitalization of $26.28 billion, a PE ratio of 30.08, a P/E/G ratio of 2.98 and a beta of 0.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.54 and a quick ratio of 0.54. AvalonBay Communities has a 12 month low of $160.10 and a 12 month high of $198.63.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.12). AvalonBay Communities had a net margin of 33.33% and a return on equity of 8.58%. The firm had revenue of $777.77 million during the quarter, compared to analyst estimates of $772.37 million. During the same period in the prior year, the firm earned $2.82 earnings per share. As a group, research analysts forecast that AvalonBay Communities will post 11.33 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Reflection Asset Management bought a new position in AvalonBay Communities during the 4th quarter valued at $25,000. Clearstead Trust LLC raised its stake in shares of AvalonBay Communities by 56.0% in the 1st quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 56 shares in the last quarter. Elyxium Wealth LLC bought a new stake in shares of AvalonBay Communities in the 4th quarter worth $32,000. Trust Co. of Vermont acquired a new stake in shares of AvalonBay Communities in the second quarter valued at $41,000. Finally, Leonteq Securities AG acquired a new stake in shares of AvalonBay Communities in the first quarter valued at $55,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a real estate investment trust that develops, owns, and manages multifamily apartment communities. The company focuses primarily on high-demand markets with barriers to new housing supply, offering apartment homes to residents across a range of price points and community types.

AvalonBay’s portfolio and development activities are concentrated in metropolitan areas along the Northeast, Mid-Atlantic, Pacific Northwest, and Southern and Northern California coasts.