AvalonBay Communities (NYSE:AVB) has been given a $185.00 price target by investment analysts at Mizuho in a research note issued to investors on Friday. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Mizuho’s price target suggests a potential upside of 15.91% from the stock’s previous close.

Other research analysts have also recently issued research reports about the stock. SunTrust Banks set a $194.00 price objective on shares of AvalonBay Communities and gave the company a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus restated a “buy” rating and issued a $185.00 price objective on shares of AvalonBay Communities in a report on Friday, January 19th. Robert W. Baird restated a “buy” rating and issued a $187.00 price objective 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 objective for the company from $190.00 to $206.00 in a report on Thursday, November 9th. Finally, Barclays dropped their price objective on shares of AvalonBay Communities from $189.00 to $186.00 and set an “equal weight” rating for the company 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 assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $195.35.

Shares of AvalonBay Communities (NYSE:AVB) opened at $159.61 on Friday. AvalonBay Communities has a 12-month low of $154.82 and a 12-month high of $199.52. The firm has a market cap of $21,395.34, a PE ratio of 25.10, a price-to-earnings-growth ratio of 2.34 and a beta of 0.34. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.10 and a current ratio of 0.10.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $1.03. The business had revenue of $555.29 million during the quarter, compared to analysts’ expectations of $554.20 million. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the business earned $2.12 earnings per share. equities research analysts anticipate that AvalonBay Communities will post 9.01 EPS for the current year.

In related news, insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $181.89, for a total value of $363,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Timothy J. Naughton sold 25,160 shares of AvalonBay Communities stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $183.84, for a total transaction of $4,625,414.40. The disclosure for this sale can be found here. Insiders sold 30,660 shares of company stock valued at $5,628,669 in the last quarter. 0.46% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. WFG Advisors LP lifted its stake in 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 acquiring an additional 167 shares during the last quarter. Phocas Financial Corp. lifted its stake in AvalonBay Communities by 1.6% in the second quarter. Phocas Financial Corp. now owns 13,396 shares of the real estate investment trust’s stock worth $2,574,000 after acquiring an additional 207 shares during the last quarter. Amalgamated Bank lifted its stake in AvalonBay Communities by 1.9% in the third quarter. Amalgamated Bank now owns 15,805 shares of the real estate investment trust’s stock worth $2,820,000 after acquiring an additional 292 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in AvalonBay Communities by 6.1% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 5,186 shares of the real estate investment trust’s stock worth $929,000 after acquiring an additional 300 shares during the last quarter. Finally, DnB Asset Management AS lifted its position in shares of AvalonBay Communities by 2.1% during the 4th quarter. DnB Asset Management AS now owns 14,778 shares of the real estate investment trust’s stock worth $2,637,000 after buying an additional 300 shares during the last quarter. Institutional investors own 95.24% of the company’s stock.

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About AvalonBay Communities

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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