Shares of AvalonBay Communities, Inc. (NYSE:AVB) have been given a consensus rating of “Hold” by the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $195.43.
Several brokerages have recently issued reports on AVB. Robert W. Baird reiterated a “buy” rating and issued a $202.00 price objective on shares of AvalonBay Communities in a research note on Friday. Stifel Nicolaus reiterated a “buy” rating and issued a $209.00 price objective on shares of AvalonBay Communities in a research note on Friday. Deutsche Bank AG lifted their price objective on AvalonBay Communities from $193.00 to $195.00 and gave the company a “hold” rating in a research note on Friday, August 18th. BidaskClub cut AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $191.00 price objective on shares of AvalonBay Communities in a research note on Wednesday, August 2nd.
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In other AvalonBay Communities news, insider William M. Mclaughlin sold 5,112 shares of AvalonBay Communities stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $193.88, for a total transaction of $991,114.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.46% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its position in AvalonBay Communities by 0.4% in the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 2 shares during the last quarter. BB&T Securities LLC raised its position in AvalonBay Communities by 0.5% in the first quarter. BB&T Securities LLC now owns 3,508 shares of the real estate investment trust’s stock worth $644,000 after buying an additional 16 shares during the last quarter. Conning Inc. raised its position in AvalonBay Communities by 0.4% in the second quarter. Conning Inc. now owns 4,289 shares of the real estate investment trust’s stock worth $824,000 after buying an additional 19 shares during the last quarter. Miles Capital Inc. raised its position in AvalonBay Communities by 2.8% in the second quarter. Miles Capital Inc. now owns 1,402 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 38 shares during the last quarter. Finally, Blair William & Co. IL raised its position in AvalonBay Communities by 0.6% in the first quarter. Blair William & Co. IL now owns 7,171 shares of the real estate investment trust’s stock worth $1,317,000 after buying an additional 44 shares during the last quarter. 97.53% of the stock is currently owned by institutional investors and hedge funds.
AvalonBay Communities (AVB) traded up 0.14% during mid-day trading on Friday, reaching $188.00. 572,169 shares of the company were exchanged. The stock has a market capitalization of $25.89 billion, a price-to-earnings ratio of 25.89 and a beta of 0.35. The stock’s 50-day moving average price is $189.55 and its 200-day moving average price is $188.59. AvalonBay Communities has a 1-year low of $158.32 and a 1-year high of $199.52.
AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by $0.05. The firm had revenue of $530.51 million for the quarter, compared to analysts’ expectations of $529.48 million. AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. During the same quarter last year, the business earned $2.03 earnings per share. On average, equities research analysts anticipate that AvalonBay Communities will post $5.18 EPS for the current fiscal year.
AvalonBay Communities Company Profile
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.
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