AvalonBay Communities (NYSE:AVB) Stock Price Expected to Rise, Evercore ISI Analyst Says

Key Points

• Evercore ISI has raised its price target for AvalonBay Communities from $212.00 to $216.00, indicating a potential 10.68% upside from the current stock price.
• AvalonBay Communities recently reported earnings of $2.82 per share, beating analyst expectations slightly, but revenue fell short at $689.90 million against estimates of $759.08 million.
• Currently, AvalonBay has a predominantly Hold rating, with an average target price set at $218.42 from various analysts, highlighting mixed sentiment in the investment community.

AvalonBay Communities (NYSE:AVB - Get Free Report) had its price objective raised by research analysts at Evercore ISI from $212.00 to $216.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price target points to a potential upside of 10.68% from the stock's current price.

A number of other equities research analysts have also issued reports on AVB. Piper Sandler reissued a "neutral" rating and issued a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Royal Bank Of Canada cut their target price on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Wells Fargo & Company cut their target price on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. UBS Group decreased their target price on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Finally, Scotiabank decreased their target price on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, AvalonBay Communities has an average rating of "Hold" and an average price target of $218.42.

AvalonBay Communities Stock Performance

NYSE AVB opened at $195.17 on Monday. AvalonBay Communities has a 1 year low of $180.40 and a 1 year high of $239.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market capitalization of $27.79 billion, a PE ratio of 24.07, a P/E/G ratio of 2.81 and a beta of 0.87. The company's 50 day simple moving average is $194.70 and its two-hundred day simple moving average is $202.48.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating 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 net margin of 38.91% and a return on equity of 9.70%. During the same quarter last year, the company posted $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. Analysts predict that AvalonBay Communities will post 11.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AvalonBay Communities

Hedge funds have recently modified their holdings of the company. Proathlete Wealth Management LLC bought a new position in shares of AvalonBay Communities in the first quarter worth approximately $29,000. Opal Wealth Advisors LLC bought a new position in shares of AvalonBay Communities in the first quarter worth approximately $33,000. Clearstead Trust LLC boosted its position in shares of AvalonBay Communities by 62.0% in the second quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 62 shares during the period. Headlands Technologies LLC bought a new position in shares of AvalonBay Communities in the second quarter worth approximately $36,000. Finally, Sound Income Strategies LLC boosted its position in shares of AvalonBay Communities by 76.4% in the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 81 shares during the period. 92.61% of the stock is currently owned by 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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