AvalonBay Communities, Inc. (NYSE:AVB)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a research report issued on Friday. They presently have a $209.00 price objective on the real estate investment trust’s stock. Stifel Nicolaus’ price objective points to a potential upside of 11.33% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. BMO Capital Markets restated a “hold” rating and issued a $191.00 price objective on shares of AvalonBay Communities in a research note on Thursday, May 25th. Deutsche Bank AG cut 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. BidaskClub cut AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating and issued a $203.00 price objective on shares of AvalonBay Communities in a research note on Sunday, July 16th. Finally, Argus initiated coverage on AvalonBay Communities in a research note on Thursday, June 22nd. They issued a “buy” rating and a $220.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $194.92.

AvalonBay Communities (NYSE AVB) opened at 187.73 on Friday. The firm has a 50-day moving average price of $189.53 and a 200-day moving average price of $188.52. AvalonBay Communities has a 12 month low of $158.32 and a 12 month high of $199.52. The stock has a market cap of $25.85 billion, a price-to-earnings ratio of 25.85 and a beta of 0.34.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by $0.05. AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. The business had revenue of $530.51 million during the quarter, compared to analysts’ expectations of $529.48 million. During the same quarter last year, the business posted $2.03 earnings per share. Equities research analysts expect that AvalonBay Communities will post $5.18 earnings per share for the current fiscal year.

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In related news, insider William M. Mclaughlin sold 5,112 shares of AvalonBay Communities stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $193.88, for a total transaction of $991,114.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.46% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of AvalonBay Communities by 0.7% in the second quarter. Vanguard Group Inc. now owns 22,015,933 shares of the real estate investment trust’s stock valued at $4,230,802,000 after buying an additional 158,436 shares during the last quarter. BlackRock Inc. raised its stake in shares of AvalonBay Communities by 1.1% in the second quarter. BlackRock Inc. now owns 14,559,192 shares of the real estate investment trust’s stock valued at $2,797,838,000 after buying an additional 161,167 shares during the last quarter. FMR LLC raised its stake in shares of AvalonBay Communities by 22.2% in the second quarter. FMR LLC now owns 5,341,390 shares of the real estate investment trust’s stock valued at $1,026,454,000 after buying an additional 969,095 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of AvalonBay Communities by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 3,112,136 shares of the real estate investment trust’s stock valued at $571,387,000 after buying an additional 65,999 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of AvalonBay Communities by 0.9% in the second quarter. Principal Financial Group Inc. now owns 2,793,421 shares of the real estate investment trust’s stock valued at $536,811,000 after buying an additional 25,486 shares during the last quarter. 97.53% of the stock is currently owned by institutional investors.

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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