Wells Fargo analyst Jeffrey Donnelly maintained a Buy rating on AvalonBay (AVB) yesterday. The company’s shares opened today at $196.16.
According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 12.7% and a 70.5% success rate. Donnelly covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hersha Hospitality Trust, and Host Hotels & Resorts.
Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $210.17, implying a 7.1% upside from current levels. In a report issued on April 24, BMO Capital also assigned a Buy rating to the stock with a $215 price target.
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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 537.2K.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock.
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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.
