In a report released today, Jeffrey Donnelly from Wells Fargo maintained a Buy rating on AvalonBay (AVB). The company’s shares opened today at $195.50, close to its 52-week high of $197.67.
According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 6.1% and a 70.2% success rate. Donnelly covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hersha Hospitality Trust, and Host Hotels & Resorts.
Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $204.11.
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AvalonBay’s market cap is currently $27.1B and has a P/E ratio of 27.79. The company has a Price to Book ratio of 2.55.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is neutral 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.
