AvalonBay (AVB) Gets a Hold Rating from Barclays


Barclays analyst Ross L Smotrich maintained a Hold rating on AvalonBay (AVB) yesterday and set a price target of $216. The company’s shares closed yesterday at $204.13, close to its 52-week high of $204.53.

According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 7.1% and a 67.5% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Apartment Investment & Management, and Kkr Real Estate Finance Trust Inc.

Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $211.

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The company has a one-year high of $204.53 and a one-year low of $156.93. Currently, AvalonBay has an average volume of 562.3K.

Based on the recent corporate insider activity of 67 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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