Stifel Nicolaus analyst John Guinee reiterated a Buy rating on AvalonBay (NYSE: AVB) today and set a price target of $180. The company’s shares closed on Friday at $164.33.
According to TipRanks.com, Guinee is a 4-star analyst with an average return of 5.6% and a 59.9% success rate. Guinee covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, First Industrial Realty Trust, and Franklin Street Properties.
AvalonBay has an analyst consensus of Moderate Buy, with a price target consensus of $181.73.
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The company has a one-year high of $199.52 and a one-year low of $152.65. Currently, AvalonBay has an average volume of 887.8K.
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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.
