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AvalonBay Communities' (AVB) "Hold (C)" Rating Reaffirmed at Weiss Ratings

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Key Points

  • AvalonBay Communities (AVB) maintained a "hold" rating as reaffirmed by Weiss Ratings, indicating a cautious outlook from analysts.
  • Recent reports show mixed adjustments in price targets by various firms, with Barclays slightly increasing its target to $229, while UBS and Wells Fargo reduced theirs to $216 and $213, respectively.
  • AvalonBay's latest quarterly earnings beat estimates, reporting $2.82 EPS against a consensus of $2.80, but the company's revenue fell short of expectations at $689.90 million.
  • MarketBeat previews top five stocks to own in November.

AvalonBay Communities (NYSE:AVB - Get Free Report)'s stock had its "hold (c)" rating restated by investment analysts at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

A number of other research firms also recently issued reports on AVB. Barclays lifted their price target on shares of AvalonBay Communities from $228.00 to $229.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 30th. UBS Group reduced their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Wells Fargo & Company cut their price objective on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. BNP Paribas Exane downgraded AvalonBay Communities from an "outperform" rating to a "neutral" rating in a research report on Monday, September 29th. Finally, Morgan Stanley upgraded AvalonBay Communities from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $228.00 to $225.00 in a research report on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company's stock. According to data from MarketBeat, AvalonBay Communities has a consensus rating of "Hold" and an average price target of $217.31.

Read Our Latest Research Report on AvalonBay Communities

AvalonBay Communities Stock Performance

NYSE:AVB traded down $0.37 during mid-day trading on Tuesday, reaching $184.31. The stock had a trading volume of 113,083 shares, compared to its average volume of 816,457. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $26.24 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 2.66 and a beta of 0.86. AvalonBay Communities has a twelve month low of $180.40 and a twelve month high of $239.29. The business has a 50 day simple moving average of $191.21 and a 200 day simple moving average of $198.91.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The company had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. During the same period last year, the firm earned $2.77 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. On average, analysts expect that AvalonBay Communities will post 11.48 earnings per share for the current fiscal year.

Institutional Trading of AvalonBay Communities

Institutional investors have recently made changes to their positions in the stock. Proathlete Wealth Management LLC purchased a new stake in shares of AvalonBay Communities during the 1st quarter valued at $29,000. Opal Wealth Advisors LLC purchased a new stake in shares of AvalonBay Communities during the 1st quarter valued at $33,000. Clearstead Trust LLC grew its stake in shares of AvalonBay Communities by 62.0% during the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 62 shares during the period. Headlands Technologies LLC purchased a new stake in shares of AvalonBay Communities during the 2nd quarter valued at $36,000. Finally, Sound Income Strategies LLC grew its stake in shares of AvalonBay Communities by 76.4% during the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 81 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.

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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