AvalonBay (NYSE: AVB) received a Buy rating and a $195 price target from BMO Capital analyst John Kim today. The company’s shares closed yesterday at $175.33.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 4.0% and a 55.5% success rate. Kim covers the Financial sector, focusing on stocks such as Columbia Property Trust, Mid-America Apartment, and Sabra Healthcare REIT.
AvalonBay has an analyst consensus of Moderate Buy, with a price target consensus of $195.
See today’s analyst top recommended stocks >>
Based on AvalonBay’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $192 million. In comparison, last year the company had a net profit of $238 million.
Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is neutral 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.
