Brokerage Firm Rating Update on AvalonBay Communities (AVB)

AvalonBay Communities (AVB) : The consensus on AvalonBay Communities (AVB) based on 16 analyst recommendation on the company stock is 2.19, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 9 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

AvalonBay Communities (AVB) stock is expected to deviate a maximum of $6.46 from the average target price of $190.79 for the short term period. 14 Street Experts have initiated coverage on the stock with the most promising target being $205 and the most muted being $179.


For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on AvalonBay Communities (NYSE:AVB). The shares have now been rated Buy by the stock experts at the ratings house. BTIG Research announces the current price target of $208 per share on AvalonBay Communities . The rating by the firm was issued on August 25, 2016.

AvalonBay Communities (NYSE:AVB): The stock opened at $178.34 and touched an intraday high of $179.88 on Wednesday. During the day, the stock corrected to an intraday low of $176.51, however, the bulls stepped in and pushed the price higher to close in the green at $179.82 with a gain of 0.55% for the day. The total traded volume for the day was 608,850. The stock had closed at $178.83 in the previous trading session.

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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