AvalonBay Communities (NYSE:AVB – Get Rating) had its price target lowered by investment analysts at Barclays from $263.00 to $229.00 in a research note issued to investors on Tuesday, The Fly reports. Barclays‘s price target points to a potential upside of 12.41% from the stock’s current price.
Several other research analysts have also recently weighed in on the company. Piper Sandler decreased their price target on AvalonBay Communities from $265.00 to $240.00 in a research note on Wednesday, May 4th. Morgan Stanley boosted their price target on AvalonBay Communities from $265.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, April 8th. Deutsche Bank Aktiengesellschaft decreased their price target on AvalonBay Communities from $285.00 to $272.00 and set a “buy” rating for the company in a research note on Thursday, March 24th. Truist Financial decreased their price target on AvalonBay Communities from $266.00 to $263.00 and set a “hold” rating for the company in a research note on Monday, March 7th. Finally, KeyCorp upped their price objective on AvalonBay Communities from $255.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, January 13th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $262.47.
AVB stock opened at $203.72 on Tuesday. AvalonBay Communities has a 1-year low of $191.69 and a 1-year high of $259.05. The business has a fifty day moving average price of $242.52 and a 200-day moving average price of $242.78. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.26 and a quick ratio of 1.57. The stock has a market capitalization of $28.48 billion, a P/E ratio of 25.34, a P/E/G ratio of 3.95 and a beta of 0.93.
AvalonBay Communities Company Profile (Get Rating)
As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets consisting of Southeast Florida and Denver, Colorado (the "Expansion Markets").
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