Royal Bank Of Canada Has Lowered Expectations for AvalonBay Communities (NYSE:AVB) Stock Price

AvalonBay Communities (NYSE:AVB) had its target price lowered by research analysts at Royal Bank Of Canada from $191.00 to $187.00 in a report issued on Friday,Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 9.59% from the company’s current price.

A number of other equities research analysts also recently issued reports on the stock. Piper Sandler cut their price objective on shares of AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating for the company in a research report on Monday, November 3rd. Evercore ISI restated an “in-line” rating and issued a $214.00 price target on shares of AvalonBay Communities in a research report on Monday, November 3rd. UBS Group lowered their price objective on AvalonBay Communities from $192.00 to $191.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Wells Fargo & Company cut their price objective on AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating for the company in a research note on Monday, November 10th. Finally, Barclays lifted their price target on shares of AvalonBay Communities from $216.00 to $217.00 and gave the company an “overweight” rating in a report on Tuesday, January 13th. Six research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $202.83.

AvalonBay Communities Stock Up 0.5%

Shares of NYSE AVB traded up $0.93 during midday trading on Friday, hitting $170.63. The stock had a trading volume of 663,195 shares, compared to its average volume of 1,228,375. The business’s 50 day moving average is $179.26 and its 200-day moving average is $185.10. AvalonBay Communities has a 52 week low of $166.73 and a 52 week high of $230.21. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.72. The company has a market cap of $24.16 billion, a P/E ratio of 23.13, a PEG ratio of 3.04 and a beta of 0.76.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, February 4th. The real estate investment trust reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.01. AvalonBay Communities had a return on equity of 9.72% and a net margin of 38.78%.The business had revenue of $678.85 million during the quarter, compared to analyst estimates of $766.38 million. During the same quarter last year, the company earned $2.80 EPS. AvalonBay Communities has set its FY 2026 guidance at 11.000-11.500 EPS and its Q1 2026 guidance at 2.730-2.830 EPS. As a group, analysts predict that AvalonBay Communities will post 11.48 EPS for the current year.

Hedge Funds Weigh In On AvalonBay Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of AvalonBay Communities during the 2nd quarter worth approximately $1,394,225,000. Invesco Ltd. increased its position in AvalonBay Communities by 70.2% in the second quarter. Invesco Ltd. now owns 2,593,727 shares of the real estate investment trust’s stock worth $527,823,000 after purchasing an additional 1,069,793 shares during the last quarter. Bank of America Corp DE raised its stake in AvalonBay Communities by 76.0% during the third quarter. Bank of America Corp DE now owns 2,355,838 shares of the real estate investment trust’s stock valued at $455,077,000 after purchasing an additional 1,017,286 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in AvalonBay Communities by 23.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,816,163 shares of the real estate investment trust’s stock valued at $573,091,000 after purchasing an additional 530,274 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in shares of AvalonBay Communities by 9.3% in the 4th quarter. Principal Financial Group Inc. now owns 4,497,047 shares of the real estate investment trust’s stock valued at $815,360,000 after acquiring an additional 383,983 shares during the last quarter. 92.61% of the stock is owned by institutional investors.

About AvalonBay Communities

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.