.png "AvalonBay (NYSE: AVB)")
In a report released today, Juan C. Sanabria from Merrill Lynch maintained a Hold rating on AvalonBay (NYSE: AVB), with a price target of $198. The company’s shares closed yesterday at $166.86.
According to TipRanks.com, Sanabria has 0 stars on 0-5 star ranking scale with an average return of -7.7% and a 38.1% success rate. Sanabria covers the Financial sector, focusing on stocks such as Sabra Healthcare REIT, Essex Property Trust, and Extra Space Storage.
Currently, the analyst consensus on AvalonBay is Moderate Buy and the average price target is $182.17, representing a 9.2% upside.
In a report issued on May 31, BTIG also downgraded the stock to Hold.
See today’s analyst top recommended stocks >>
AvalonBay’s market cap is currently $23.06B and has a P/E ratio of 29.43. The company has a Price to Book ratio of 2.23.
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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.
