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.

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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.

Analyst Recommendations for AvalonBay Communities (NYSE:AVB)

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