Piper Sandler Has Lowered Expectations for AvalonBay Communities (NYSE:AVB) Stock Price

AvalonBay Communities (NYSE:AVB - Free Report) had its target price trimmed by Piper Sandler from $265.00 to $255.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust's stock.

A number of other research analysts have also weighed in on the company. Royal Bank of Canada raised their target price on AvalonBay Communities from $226.00 to $229.00 and gave the company a "sector perform" rating in a report on Friday, February 7th. BMO Capital Markets cut AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective on the stock. in a research note on Friday, April 4th. Truist Financial upped their target price on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a research note on Monday, March 10th. Mizuho raised shares of AvalonBay Communities from a "neutral" rating to an "outperform" rating and raised their price target for the company from $239.00 to $242.00 in a research report on Monday, January 6th. Finally, Barclays upped their price objective on shares of AvalonBay Communities from $226.00 to $227.00 and gave the stock an "equal weight" rating in a research report on Friday, April 11th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $238.57.

AvalonBay Communities Trading Down 0.7 %

Shares of AvalonBay Communities stock traded down $1.55 during trading on Monday, hitting $206.34. The company's stock had a trading volume of 25,577 shares, compared to its average volume of 693,173. The stock has a market cap of $29.38 billion, a price-to-earnings ratio of 27.19, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. AvalonBay Communities has a 52 week low of $180.40 and a 52 week high of $239.29. The stock has a 50-day moving average price of $207.83 and a two-hundred day moving average price of $217.84.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.03. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. The business had revenue of $693.43 million for the quarter, compared to analyst estimates of $744.61 million. During the same quarter in the previous year, the business earned $2.70 earnings per share. Equities research analysts anticipate that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

Hedge Funds Weigh In On AvalonBay Communities

Several institutional investors have recently made changes to their positions in AVB. Stratos Wealth Partners LTD. increased its stake in AvalonBay Communities by 29.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 1,260 shares of the real estate investment trust's stock worth $277,000 after buying an additional 288 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in AvalonBay Communities by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust's stock valued at $914,627,000 after purchasing an additional 55,588 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in AvalonBay Communities by 1.4% during the 4th quarter. Hsbc Holdings PLC now owns 604,010 shares of the real estate investment trust's stock valued at $132,751,000 after acquiring an additional 8,439 shares during the period. West Oak Capital LLC lifted its holdings in AvalonBay Communities by 875.3% during the 4th quarter. West Oak Capital LLC now owns 15,800 shares of the real estate investment trust's stock valued at $356,000 after buying an additional 14,180 shares in the last quarter. Finally, Portfolio Design Labs LLC raised its stake in shares of AvalonBay Communities by 27.0% during the fourth quarter. Portfolio Design Labs LLC now owns 22,356 shares of the real estate investment trust's stock valued at $4,918,000 after acquiring an additional 4,747 shares in the last quarter. Institutional investors own 92.61% of the company's stock.

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.