In a report released yesterday, Ross L Smotrich from Barclays maintained a Hold rating on AvalonBay (AVB), with a price target of $226. The company’s shares closed last Monday at $214.71, close to its 52-week high of $216.80.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.3% and a 61.4% success rate. Smotrich covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Hudson Pacific Properties, and Cushman & Wakefield Plc.
Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $219.40.
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AvalonBay’s market cap is currently $30.19B and has a P/E ratio of 32.48. The company has a Price to Book ratio of 2.79.
Based on the recent corporate insider activity of 73 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVB in relation to earlier this year.
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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.
