Barclays Issues Pessimistic Forecast for AvalonBay Communities (NYSE:AVB) Stock Price

AvalonBay Communities (NYSE:AVB) had its price target cut by investment analysts at Barclays from $230.00 to $226.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 3.70% from the stock’s current price.

Other research analysts also recently issued reports about the company. Scotiabank decreased their price objective on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $239.00 to $242.00 in a research report on Monday, January 6th. Evercore ISI lifted their price objective on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a report on Monday, February 10th. Piper Sandler reduced their target price on shares of AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $235.47.

AvalonBay Communities Stock Performance

Shares of AVB opened at $217.94 on Wednesday. The firm has a market cap of $31.00 billion, a P/E ratio of 28.71, a PEG ratio of 3.10 and a beta of 0.99. AvalonBay Communities has a twelve month low of $172.85 and a twelve month high of $239.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The firm’s 50 day moving average price is $219.26 and its two-hundred day moving average price is $222.82.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. On average, analysts forecast that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in AvalonBay Communities in the 4th quarter valued at $1,499,050,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of AvalonBay Communities by 678.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,715,050 shares of the real estate investment trust’s stock worth $386,315,000 after buying an additional 1,494,872 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of AvalonBay Communities by 35.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,152,183 shares of the real estate investment trust’s stock valued at $1,133,328,000 after acquiring an additional 1,336,698 shares during the period. Northern Trust Corp grew its stake in shares of AvalonBay Communities by 54.8% in the fourth quarter. Northern Trust Corp now owns 2,642,743 shares of the real estate investment trust’s stock valued at $581,324,000 after acquiring an additional 935,770 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in AvalonBay Communities by 49.9% during the fourth quarter. Wellington Management Group LLP now owns 2,488,975 shares of the real estate investment trust’s stock worth $547,500,000 after acquiring an additional 828,009 shares during the period. 92.61% of the stock is owned by institutional investors.

About AvalonBay Communities

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.