Analyst Rating Update on AvalonBay Communities (AVB)

AvalonBay Communities (NYSE:AVB) : 7 brokerage houses believe that AvalonBay Communities (NYSE:AVB) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AvalonBay Communities (NYSE:AVB). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 16 Wall Street Analysts endorse the stock as a Buy with a rating of 2.19.

AvalonBay Communities (NYSE:AVB) : The consensus price target for AvalonBay Communities (NYSE:AVB) is $190.93 for the short term with a standard deviation of $6.99. The most optimist securities analyst among the 15 who monitor the stock believes that the stock can reach $203, however, the pessimist price target for the company is $179.

For the current week, the company shares have a recommendation consensus of Buy. Also, Jefferies downgrades its rating on AvalonBay Communities (NYSE:AVB). The global brokerage major lowers the current price target from $205 per share to $188 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The shares were previously rated Buy. The rating by the firm was issued on June 8, 2016.

AvalonBay Communities (NYSE:AVB): stock turned positive on Tuesday. Though the stock opened at $174.11, the bulls momentum made the stock top out at $177.93 level for the day. The stock recorded a low of $172.79 and closed the trading day at $177.91, in the green by 2.47%. The total traded volume for the day was 1,074,238. The stock had closed at $173.63 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Executive Vice President) of Avalonbay Communities Inc, Mclaughlin William M had sold 10,000 shares worth of $1,909,300 in a transaction dated May 10, 2016. In this transaction, 10,000 shares were sold at $190.93 per share.

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 74,240 apartment homes in 11 states and the District of Columbia, of which around 228 communities contain around 66,631 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 6,991 apartment homes. It operates apartment communities under three core brands: Avalon, AVA and Eaves by Avalon.

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