Analysts Set AvalonBay Communities, Inc. (NYSE:AVB) Target Price at $239.29

Shares of AvalonBay Communities, Inc. (NYSE:AVB) have received an average rating of “Hold” from the fifteen analysts that are covering the company, Marketbeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $238.86.

Several research firms have issued reports on AVB. Barclays increased their target price on AvalonBay Communities from $227.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Friday. Morgan Stanley cut shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $236.00 to $223.00 in a research note on Friday, January 24th. Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. BMO Capital Markets downgraded shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating and set a $220.00 price target for the company. in a research report on Friday, April 4th. Finally, Royal Bank of Canada lowered their price target on AvalonBay Communities from $223.00 to $220.00 and set a “sector perform” rating on the stock in a report on Thursday.

AvalonBay Communities Stock Up 0.5 %

AvalonBay Communities stock opened at $205.40 on Friday. The stock has a 50 day moving average of $206.99 and a two-hundred day moving average of $217.57. AvalonBay Communities has a twelve month low of $180.40 and a twelve month high of $239.29. The stock has a market capitalization of $29.24 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.11 and a beta of 0.86. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.03. The firm had revenue of $693.43 million for the quarter, compared to analyst estimates of $744.61 million. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. During the same period last year, the firm posted $2.70 EPS. As a group, research analysts expect that AvalonBay Communities will post 11.48 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wedmont Private Capital lifted its position in AvalonBay Communities by 5.3% during the fourth quarter. Wedmont Private Capital now owns 1,094 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 55 shares during the period. Baker Tilly Wealth Management LLC lifted its holdings in shares of AvalonBay Communities by 1.8% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 58 shares during the period. Golden State Equity Partners boosted its position in shares of AvalonBay Communities by 3.7% in the first quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust’s stock worth $356,000 after acquiring an additional 60 shares during the last quarter. Signaturefd LLC grew its holdings in AvalonBay Communities by 4.0% in the fourth quarter. Signaturefd LLC now owns 1,616 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 62 shares during the period. Finally, Private Advisor Group LLC increased its position in AvalonBay Communities by 2.6% during the fourth quarter. Private Advisor Group LLC now owns 2,512 shares of the real estate investment trust’s stock worth $553,000 after purchasing an additional 63 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

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.