The AvalonBay Communities, Inc. (NYSE:AVB) Stock Rating Reaffirmed by BMO Capital Markets

The AvalonBay Communities, Inc. (NYSE:AVB) Stock Rating Reaffirmed by BMO Capital Markets

AVB has been the topic of several other reports. BidaskClub lowered AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Barclays PLC boosted their price target on AvalonBay Communities from $188.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 18th. JMP Securities lowered AvalonBay Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “hold” rating and issued a $196.00 target price on shares of AvalonBay Communities in a research report on Tuesday, July 4th. Finally, Evercore ISI cut their target price on AvalonBay Communities from $188.00 to $186.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 19th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $193.58.

AvalonBay Communities, Inc. (NYSE:AVB)‘s stock had its “hold” rating restated by equities research analysts at BMO Capital Markets in a report released on Wednesday. They presently have a $191.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ price target points to a potential downside of 0.15% from the company’s current price.

Shares of AvalonBay Communities (NYSE:AVB) traded down 0.43% during mid-day trading on Wednesday, hitting $191.29. 520,197 shares of the stock traded hands. The stock has a 50 day moving average price of $191.58 and a 200-day moving average price of $186.57. The company has a market cap of $26.28 billion, a P/E ratio of 25.49 and a beta of 0.34. AvalonBay Communities has a one year low of $158.32 and a one year high of $199.52.

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, topping the consensus estimate of $1.17 by $0.92. AvalonBay Communities had a return on equity of 10.31% and a net margin of 50.12%. During the same quarter last year, the firm posted $2.03 EPS. On average, analysts forecast that AvalonBay Communities will post $5.11 earnings per share for the current fiscal year.

In related news, EVP Edward M. Schulman sold 1,764 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $191.82, for a total transaction of $338,370.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William M. Mclaughlin sold 5,112 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $193.88, for a total value of $991,114.56. The disclosure for this sale can be found here. In the last three months, insiders sold 29,336 shares of company stock valued at $5,641,111. Company insiders own 0.53% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mn Services Vermogensbeheer B.V. increased its stake in shares of AvalonBay Communities by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 3,662 shares of the real estate investment trust’s stock valued at $629,000 after buying an additional 146 shares in the last quarter. Candriam Luxembourg S.C.A. increased its stake in shares of AvalonBay Communities by 36.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 8,903 shares of the real estate investment trust’s stock valued at $1,635,000 after buying an additional 2,399 shares in the last quarter. Hexavest Inc. increased its stake in shares of AvalonBay Communities by 5.6% in the first quarter. Hexavest Inc. now owns 159,855 shares of the real estate investment trust’s stock valued at $29,349,000 after buying an additional 8,459 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of AvalonBay Communities by 8.6% in the first quarter. State of Alaska Department of Revenue now owns 54,419 shares of the real estate investment trust’s stock valued at $9,990,000 after buying an additional 4,297 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of AvalonBay Communities by 17.9% in the first quarter. Nisa Investment Advisors LLC now owns 50,902 shares of the real estate investment trust’s stock valued at $9,346,000 after buying an additional 7,730 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.

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.

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