.jpg "AvalonBay (NYSE: AVB)")
Argus Research analyst Jacob Kilstein maintained a Buy rating on AvalonBay (AVB) today and set a price target of $205. The company’s shares closed yesterday at $186.53, close to its 52-week high of $188.59.
According to TipRanks.com, Kilstein is a 4-star analyst with an average return of 5.2% and a 71.6% success rate. Kilstein covers the Financial sector, focusing on stocks such as American International Group, Equity Residential, and Boston Properties.
AvalonBay has an analyst consensus of Moderate Buy, with a price target consensus of $190.
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Based on AvalonBay’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $192 million. In comparison, last year the company had a net profit of $238 million.
Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.
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AvalonBay Communities, Inc. is a real estate investment trust, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities.
