BMO Capital analyst John Kim maintained a Hold rating on AvalonBay (AVB) yesterday and set a price target of $220.00. The company’s shares closed last Monday at $217.61.
According to TipRanks.com, Kim is a 4-star analyst with an average return of 5.4% and a 59.8% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Franklin Street Properties, and National Health Investors.
Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $228.58, which is a 4.6% upside from current levels. In a report issued on January 23, Barclays also maintained a Hold rating on the stock with a $222.00 price target.
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The company has a one-year high of $222.87 and a one-year low of $191.42. Currently, AvalonBay has an average volume of 592.9K.
Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is neutral 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.
