Barclays analyst Ross L Smotrich maintained a Hold rating on AvalonBay (AVB) on November 30 and set a price target of $182. The company’s shares closed on Friday at $190.57, close to its 52-week high of $190.65.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.7% and a 67.2% success rate. Smotrich covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate Investment, Apartment Investment & Management, and Hudson Pacific Properties.
Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $194, implying a 1.8% upside from current levels. In a report issued on November 30, Jefferies also maintained a Hold rating on the stock with a $199 price target.
AvalonBay’s market cap is currently $26.34B and has a P/E ratio of 31.87. The company has a Price to Book ratio of 2.53.
Based on the recent corporate insider activity of 57 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.