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.
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.
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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