Zacks Rating on AvalonBay Communities (AVB)

AvalonBay Communities (AVB) : 5 brokerage houses believe that AvalonBay Communities (AVB) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 9 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on AvalonBay Communities (AVB). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 15 Wall Street Analysts endorse the stock as a Buy with a rating of 2.27.

AvalonBay Communities (AVB) : Currently there are 14 street experts covering AvalonBay Communities (AVB) stock. The most bullish and bearish price target for the stock is $205 and $179 respectively for the short term. The average price target of all the analysts comes to $190.79. The estimated standard deviation from the target is $6.46.


Avalonbay Communities Inc. has lost 2.16% in the last five trading days and dropped 5.51% in the last 4 weeks. Avalonbay Communities Inc. has dropped 2.09% during the last 3-month period . Year-to-Date the stock performance stands at -3.54%. AvalonBay Communities (NYSE:AVB): On Tuesdays trading session , Opening price of the stock was $176.43 with an intraday high of $176.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $174.93. However, the stock managed to close at $174.97, a loss of 0.56% for the day. On the previous day, the stock had closed at $175.95. The total traded volume of the day was 409,857 shares.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.