AvalonBay Communities (NYSE:AVB) Price Target Raised to $229.00

Key Points

• Investment analysts at Barclays have raised the price target for AvalonBay Communities from $228.00 to $229.00, suggesting a potential upside of 18.35% from its previous close.
• Other brokerages, such as Mizuho and UBS Group, have issued mixed ratings and price targets, indicating a consensus rating of "Hold" with an average price target of $218.50.
• AvalonBay Communities reported earnings of $2.82 EPS for the quarter, exceeding analyst estimates, but mentioned a lower revenue than expected at $689.90 million.

AvalonBay Communities (NYSE:AVB - Get Free Report) had its target price raised by investment analysts at Barclays from $228.00 to $229.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's price objective would suggest a potential upside of 18.35% from the stock's previous close.

Several other brokerages also recently weighed in on AVB. Mizuho restated a "neutral" rating and set a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Evercore ISI upped their price target on AvalonBay Communities from $212.00 to $216.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. UBS Group lowered their price objective on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Truist Financial raised AvalonBay Communities from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $224.00 to $218.00 in a research report on Thursday, September 11th. Finally, BNP Paribas cut AvalonBay Communities from a "strong-buy" rating to a "hold" rating in a research report on Monday. Five analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $218.50.

AvalonBay Communities Price Performance

NYSE:AVB opened at $193.49 on Tuesday. 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 has a market capitalization of $27.55 billion, a P/E ratio of 23.83, a P/E/G ratio of 2.81 and a beta of 0.87. The stock's fifty day moving average is $192.83 and its two-hundred day moving average is $200.58.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.80 by $0.02. The company had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same quarter in the previous year, the business earned $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. Equities analysts expect that AvalonBay Communities will post 11.48 EPS for the current year.

Hedge Funds Weigh In On AvalonBay Communities

A number of large investors have recently modified their holdings of AVB. Norges Bank purchased a new position in AvalonBay Communities in the 2nd quarter valued at approximately $1,394,225,000. Nuveen LLC purchased a new position in AvalonBay Communities in the 1st quarter valued at approximately $280,226,000. Invesco Ltd. increased its stake in AvalonBay Communities by 70.2% in the 2nd quarter. Invesco Ltd. now owns 2,593,727 shares of the real estate investment trust's stock valued at $527,823,000 after purchasing an additional 1,069,793 shares in the last quarter. Bank of America Corp DE increased its stake in AvalonBay Communities by 77.1% in the 2nd quarter. Bank of America Corp DE now owns 1,338,552 shares of the real estate investment trust's stock valued at $272,395,000 after purchasing an additional 582,724 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in AvalonBay Communities by 23.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,816,163 shares of the real estate investment trust's stock valued at $573,091,000 after purchasing an additional 530,274 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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