AvalonBay Communities (AVB) Given a $185.00 Price Target by Mizuho Analysts

AvalonBay Communities (NYSE:AVB) has been assigned a $185.00 price target by investment analysts at Mizuho in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Mizuho’s price target would indicate a potential upside of 15.32% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. SunTrust Banks set a $194.00 target price on shares of AvalonBay Communities and gave the stock a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus restated a “buy” rating and issued a $185.00 target price on shares of AvalonBay Communities in a report on Friday, January 19th. Robert W. Baird reiterated a “buy” rating and issued a $187.00 price target on shares of AvalonBay Communities in a report on Tuesday, January 9th. UBS Group upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and lifted their price target for the company from $190.00 to $206.00 in a report on Thursday, November 9th. Finally, Barclays cut their price target on shares of AvalonBay Communities from $189.00 to $186.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. AvalonBay Communities presently has an average rating of “Hold” and an average target price of $195.35.

Shares of AvalonBay Communities (NYSE:AVB) traded up $5.49 during trading on Friday, hitting $160.43. 1,030,973 shares of the stock traded hands, compared to its average volume of 792,384. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.10 and a quick ratio of 0.10. AvalonBay Communities has a 1 year low of $154.82 and a 1 year high of $199.52. The company has a market capitalization of $21,856.55, a PE ratio of 24.83, a price-to-earnings-growth ratio of 2.39 and a beta of 0.34.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $1.03. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The firm had revenue of $555.29 million for the quarter, compared to analysts’ expectations of $554.20 million. During the same quarter last year, the business earned $2.12 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. analysts forecast that AvalonBay Communities will post 9.02 earnings per share for the current year.

In other AvalonBay Communities news, COO Sean J. Breslin sold 1,500 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $182.65, for a total transaction of $273,975.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Naughton sold 25,160 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total value of $4,625,414.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,660 shares of company stock worth $5,628,669. 0.46% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Bartlett & Co. LLC lifted its position in AvalonBay Communities by 112.8% during the fourth quarter. Bartlett & Co. LLC now owns 681 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 361 shares during the period. Amica Retiree Medical Trust purchased a new position in AvalonBay Communities during the third quarter valued at $132,000. WFG Advisors LP lifted its position in AvalonBay Communities by 24.9% during the second quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 167 shares during the period. Keeler Thomas Management LLC purchased a new position in AvalonBay Communities during the fourth quarter valued at $166,000. Finally, NuWave Investment Management LLC purchased a new position in AvalonBay Communities during the fourth quarter valued at $181,000. 95.24% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for AvalonBay Communities (NYSE:AVB)

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