AvalonBay (AVB) Gets a Hold Rating from Barclays


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.

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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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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