Analysts Set AvalonBay Communities, Inc. (NYSE:AVB) Price Target at $238.64

Shares of AvalonBay Communities, Inc. (NYSE:AVBGet Free Report) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the firm, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $238.64.

Several brokerages have issued reports on AVB. Zelman & Associates upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Royal Bank of Canada increased their price target on AvalonBay Communities from $226.00 to $229.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th. Mizuho upgraded AvalonBay Communities from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $239.00 to $242.00 in a research report on Monday, January 6th. Evercore ISI increased their price target on AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. upgraded AvalonBay Communities from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $247.00 to $262.00 in a research report on Tuesday, December 17th.

View Our Latest Analysis on AVB

Institutional Investors Weigh In On AvalonBay Communities

Large investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of AvalonBay Communities during the 3rd quarter worth $26,000. Ancora Advisors LLC raised its holdings in shares of AvalonBay Communities by 1,666.7% during the fourth quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 150 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of AvalonBay Communities during the fourth quarter worth $36,000. Brooklyn Investment Group purchased a new stake in shares of AvalonBay Communities during the third quarter worth $39,000. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of AvalonBay Communities during the fourth quarter worth $44,000. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Trading Up 0.8 %

Shares of AVB opened at $209.55 on Friday. The company has a market capitalization of $29.81 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.11 and a beta of 1.00. AvalonBay Communities has a one year low of $177.40 and a one year high of $239.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a 50-day moving average price of $218.02 and a 200 day moving average price of $223.40.

AvalonBay Communities (NYSE:AVBGet Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. Sell-side analysts forecast that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 annualized dividend and a dividend yield of 3.34%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 92.23%.

AvalonBay Communities Company Profile

(Get Free Report

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.

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Analyst Recommendations for AvalonBay Communities (NYSE:AVB)

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