AvalonBay Communities (NYSE:AVB) Now Covered by Analysts at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald has initiated coverage of AvalonBay Communities (NYSE: AVB) with a "neutral" rating and a price target of $205.00, indicating a potential upside of 6.11% from the current price.
• Recent ratings from other firms include Wells Fargo lowering their target to $213.00 and Evercore ISI increasing it to $216.00, contributing to an average consensus price target of $217.46.
• AvalonBay Communities reported $2.82 EPS for the last quarter, slightly surpassing expectations, and set guidance for FY 2025 EPS between 11.190-11.590.

Cantor Fitzgerald assumed coverage on shares of AvalonBay Communities (NYSE:AVB - Get Free Report) in a report released on Wednesday,Briefing.com Automated Import reports. The brokerage set a "neutral" rating and a $205.00 price target on the real estate investment trust's stock. Cantor Fitzgerald's price objective suggests a potential upside of 6.11% from the company's current price.

Several other research firms have also commented on AVB. Wells Fargo & Company lowered their price objective on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. Evercore ISI lifted their price target on AvalonBay Communities from $212.00 to $216.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. BNP Paribas downgraded AvalonBay Communities from a "strong-buy" rating to a "hold" rating in a research report on Monday. JPMorgan Chase & Co. dropped their target price on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a report on Tuesday, June 17th. Finally, Barclays boosted their target price on AvalonBay Communities from $228.00 to $229.00 and gave the company an "equal weight" rating in a research report on Tuesday. Five research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $217.46.

AvalonBay Communities Stock Down 0.2%

Shares of AVB stock opened at $193.20 on Wednesday. The stock has a market cap of $27.51 billion, a P/E ratio of 23.79, a PEG ratio of 2.79 and a beta of 0.87. AvalonBay Communities has a 52 week low of $180.40 and a 52 week high of $239.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company's fifty day simple moving average is $192.60 and its two-hundred day simple moving average is $200.53.

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

Hedge Funds Weigh In On AvalonBay Communities

Several institutional investors and hedge funds have recently bought and sold shares of AVB. Proathlete Wealth Management LLC purchased a new position in AvalonBay Communities during the 1st quarter worth $29,000. Opal Wealth Advisors LLC acquired a new stake in AvalonBay Communities in the first quarter worth about $33,000. Clearstead Trust LLC grew its stake in shares of AvalonBay Communities by 62.0% during the second quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust's stock worth $33,000 after acquiring an additional 62 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of AvalonBay Communities during the second quarter worth about $36,000. Finally, Sound Income Strategies LLC increased its holdings in shares of AvalonBay Communities by 76.4% during the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 81 shares in the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

About AvalonBay Communities

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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