AvalonBay Communities (NYSE:AVB) Given New $227.00 Price Target at Barclays

AvalonBay Communities (NYSE:AVB) had its price objective increased by equities research analysts at Barclays from $226.00 to $227.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target points to a potential upside of 17.65% from the company’s previous close.

Several other research analysts have also commented on AVB. Morgan Stanley lowered AvalonBay Communities from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $236.00 to $223.00 in a research report on Friday, January 24th. Evercore ISI boosted their target price on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $247.00 to $262.00 in a report on Tuesday, December 17th. Piper Sandler decreased their price target on shares of AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday, February 11th. Finally, Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $237.47.

AvalonBay Communities Trading Down 0.3 %

AVB opened at $192.95 on Friday. AvalonBay Communities has a 12-month low of $177.40 and a 12-month high of $239.29. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64. The stock has a market capitalization of $27.47 billion, a PE ratio of 25.42, a P/E/G ratio of 3.11 and a beta of 0.86. The firm’s fifty day moving average price is $213.02 and its 200 day moving average price is $219.85.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. As a group, research analysts expect that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in AvalonBay Communities in the fourth quarter worth about $1,499,050,000. Price T Rowe Associates Inc. MD lifted its stake in shares of AvalonBay Communities by 35.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,152,183 shares of the real estate investment trust’s stock worth $1,133,328,000 after acquiring an additional 1,336,698 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of AvalonBay Communities by 0.6% in the fourth quarter. Principal Financial Group Inc. now owns 4,590,539 shares of the real estate investment trust’s stock valued at $1,009,781,000 after acquiring an additional 27,629 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of AvalonBay Communities by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock valued at $914,627,000 after acquiring an additional 55,588 shares during the period. Finally, Geode Capital Management LLC raised its holdings in AvalonBay Communities by 3.0% during the fourth quarter. Geode Capital Management LLC now owns 3,693,457 shares of the real estate investment trust’s stock worth $810,470,000 after purchasing an additional 107,655 shares in the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

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.