AvalonBay Communities (NYSE:AVB) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of AvalonBay Communities (NYSE:AVB – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the real estate investment trust’s stock.

Several other research firms have also issued reports on AVB. Morgan Stanley increased their target price on shares of AvalonBay Communities from $187.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 1st. Wells Fargo & Company began coverage on shares of AvalonBay Communities in a research note on Wednesday, March 29th. They set an “overweight” rating and a $184.00 target price on the stock. Evercore ISI raised shares of AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 target price on the stock in a research note on Monday, April 10th. Barclays raised their price target on shares of AvalonBay Communities from $175.00 to $186.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 1st. Finally, Piper Sandler raised shares of AvalonBay Communities from an “underweight” rating to a “neutral” rating and raised their price target for the company from $160.00 to $193.00 in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, AvalonBay Communities has an average rating of “Hold” and a consensus target price of $203.40.

AvalonBay Communities Price Performance

Shares of AVB opened at $177.17 on Thursday. The business’s 50-day moving average is $170.56 and its two-hundred day moving average is $170.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.95 and a current ratio of 0.95. AvalonBay Communities has a fifty-two week low of $153.07 and a fifty-two week high of $220.42. The company has a market capitalization of $25.16 billion, a P/E ratio of 24.30, a P/E/G ratio of 3.23 and a beta of 0.92.

Institutional Trading of AvalonBay Communities

Hedge funds and other institutional investors have recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV increased its holdings in shares of AvalonBay Communities by 290.0% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 156 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 116 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of AvalonBay Communities by 2,142.9% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 157 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 150 shares during the last quarter. BOKF NA acquired a new stake in shares of AvalonBay Communities during the 1st quarter worth approximately $29,000. Proficio Capital Partners LLC acquired a new stake in shares of AvalonBay Communities during the 1st quarter worth approximately $34,000. Finally, Adirondack Retirement Specialists Inc. acquired a new stake in AvalonBay Communities in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 87.30% of the company’s stock.

About AvalonBay Communities

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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: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities.