Brokerage firm UBS Downgrades its rating on AvalonBay Communities Inc(NYSE:AVB). In a research note issued to the investors, the brokerage major Raises the price-target to $184.00 per share. The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by UBS was issued on Apr 11, 2016.
In a different note, On Mar 7, 2016, BMO Capital said it Downgrades its rating on AvalonBay Communities Inc. In the research note, the firm Raises the price-target to $189.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Mar 2, 2016, JP Morgan said it Maintains its rating on AvalonBay Communities Inc. In the research note, the firm Raises the price-target to $197.00 per share. The shares have been rated ‘Neutral’ by the firm. On Feb 17, 2016, SunTrust Robinson Humphrey said it Maintains its rating on AvalonBay Communities Inc. In the research note, the firm Lowers the price-target to $202.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 11, 2016, Deutsche Bank said it Maintains its rating on AvalonBay Communities Inc. In the research note, the firm Lowers the price-target to $203.00 per share. The shares have been rated ‘Buy’ by the firm.
AvalonBay Communities Inc (AVB) made into the market gainers list on Fridays trading session with the shares advancing 1.76% or 3.14 points. Due to strong positive momentum, the stock ended at $181.42, which is also near the day’s high of $182.23. The stock began the session at $177.93 and the volume stood at 7,08,681 shares. The 52-week high of the shares is $190.83 and the 52 week low is $158.72. The company has a current market capitalization of $24,855 M and it has 13,70,02,610 shares in outstanding.
AvalonBay Communities Inc(AVB) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $480.84M. Analysts had an estimated revenue of $479.68M. Earnings per share were $1.99. Analysts had estimated an EPS of $1.96.
Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Kevin P. O’shea (Chief Financial Officer) sold 1,250 shares at $178.79 per share price.Also, On Mar 3, 2016, Leo S Iii Horey (Chief Administrative Officer) sold 1,958 shares at $178.25 per share price.On Feb 10, 2016, John J Jr Healy (director) sold 1,318 shares at $163.29 per share price, according to the Form-4 filing with the securities and exchange commission.
AvalonBay Communities Inc. is a real estate investment trust (REIT). The Company develops redevelops acquires owns and operates multifamily communities primarily in New England the New York/New Jersey metro area the Mid-Atlantic the Pacific Northwest and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company operates in three segments: Established Communities Other Stabilized Communities and Development/Redevelopment Communities. It owns an ownership interest in around 252 operating apartment communities containing 74240 apartment homes in 11 states and the District of Columbia of which around 228 communities contain around 66631 apartment homes; two communities containing over 618 apartment homes were held by joint ventures in which it holds an ownership interest and approximately 22 communities contain around 6991 apartment homes. It operates apartment communities under three core brands: Avalon AVA and Eaves by Avalon.