AvalonBay Communities’ (AVB) “Buy” Rating Reaffirmed at Stifel Nicolaus
Stifel Nicolaus reaffirmed their buy rating on shares of AvalonBay Communities, Inc. (NYSE:AVB) in a report published on Friday. They currently have a $209.00 price target on the real estate investment trust’s stock.
Several other equities research analysts have also issued reports on AVB. Deutsche Bank AG lowered AvalonBay Communities from a buy rating to a hold rating and set a $193.00 price objective for the company. in a research note on Wednesday, May 17th. BMO Capital Markets reaffirmed a hold rating and set a $191.00 price target on shares of AvalonBay Communities in a research note on Thursday, May 25th. Argus initiated coverage on AvalonBay Communities in a research note on Thursday, June 22nd. They set a buy rating and a $220.00 price target for the company. Jefferies Group LLC reaffirmed a hold rating and set a $196.00 price target on shares of AvalonBay Communities in a research note on Tuesday, July 4th. Finally, BidaskClub lowered AvalonBay Communities from a buy rating to a hold rating in a research note on Tuesday, July 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. AvalonBay Communities currently has a consensus rating of Hold and a consensus price target of $195.43.
AvalonBay Communities (NYSE:AVB) traded up 0.14% during trading on Friday, hitting $188.00. The stock had a trading volume of 572,169 shares. AvalonBay Communities has a 52 week low of $158.32 and a 52 week high of $199.52. The company has a 50-day moving average of $189.55 and a 200-day moving average of $188.59. The stock has a market capitalization of $25.89 billion, a P/E ratio of 25.89 and a beta of 0.35.
AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.14 by $0.05. The business had revenue of $530.51 million for the quarter, compared to the consensus estimate of $529.48 million. AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. During the same period in the prior year, the business posted $2.03 EPS. On average, equities analysts expect that AvalonBay Communities will post $5.18 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION NOTICE: “AvalonBay Communities’ (AVB) “Buy” Rating Reaffirmed at Stifel Nicolaus” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another domain, it was illegally copied and reposted in violation of U.S. and international copyright law. The legal version of this news story can be accessed at https://theolympiareport.com/2017/09/02/avalonbay-communities-avb-buy-rating-reaffirmed-at-stifel-nicolaus.html.
In other news, insider William M. Mclaughlin sold 5,112 shares of AvalonBay Communities stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $193.88, for a total value of $991,114.56. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.46% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning increased its position in shares of 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 in the last quarter. Muzinich & Co. Inc. increased its position in shares of AvalonBay Communities by 104.0% in the first quarter. Muzinich & Co. Inc. now owns 665 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 339 shares in the last quarter. WFG Advisors LP increased its position in shares of AvalonBay Communities by 24.9% in the second quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 167 shares in the last quarter. Perigon Wealth Management LLC increased its position in shares of AvalonBay Communities by 546.9% in the first quarter. Perigon Wealth Management LLC now owns 1,035 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 875 shares in the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in shares of AvalonBay Communities during the second quarter worth about $201,000. Institutional investors own 97.53% of the company’s stock.
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.
Receive News & Ratings for AvalonBay Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.