AvalonBay Communities (NYSE:AVB) Stock Price Expected to Rise, Truist Financial Analyst Says

AvalonBay Communities (NYSE:AVB) had its price objective boosted by analysts at Truist Financial from $229.00 to $230.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price objective would suggest a potential upside of 4.33% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada lifted their price target on shares of AvalonBay Communities from $226.00 to $229.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Mizuho raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $239.00 to $242.00 in a research note on Monday, January 6th. Zelman & Associates raised AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Piper Sandler dropped their price target on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Finally, Barclays cut their price target on AvalonBay Communities from $230.00 to $226.00 and set an “equal weight” rating for the company in a report on Wednesday, February 19th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.64.

AvalonBay Communities Stock Up 0.9 %

Shares of AVB stock traded up $2.01 during trading on Monday, reaching $220.46. The company’s stock had a trading volume of 23,904 shares, compared to its average volume of 619,419. AvalonBay Communities has a 1-year low of $177.40 and a 1-year high of $239.29. The stock’s 50-day moving average price is $218.81 and its 200 day moving average price is $223.73. The company has a market capitalization of $31.36 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 3.11 and a beta of 1.00. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. On average, research analysts anticipate that AvalonBay Communities will post 11.48 EPS for the current year.

Institutional Investors Weigh In On AvalonBay Communities

A number of hedge funds have recently bought and sold shares of AVB. Stratos Wealth Partners LTD. increased its holdings in shares of AvalonBay Communities by 29.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 288 shares during the last quarter. JPMorgan Chase & Co. increased its stake in AvalonBay Communities by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock valued at $914,627,000 after purchasing an additional 55,588 shares during the last quarter. American Assets Capital Advisers LLC bought a new position in shares of AvalonBay Communities in the 3rd quarter worth about $1,014,000. West Oak Capital LLC grew its holdings in AvalonBay Communities by 875.3% in the 4th quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 14,180 shares in the last quarter. Finally, Portfolio Design Labs LLC increased its position in AvalonBay Communities by 27.0% in the 4th quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust’s stock valued at $4,918,000 after acquiring an additional 4,747 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Company Profile

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.