.png "AvalonBay (NYSE: AVB)")
In a report issued on October 11, Ross L Smotrich from Barclays maintained a Hold rating on AvalonBay (AVB), with a price target of $240.00. The company’s shares closed last Monday at $218.08, close to its 52-week high of $219.71.
According to TipRanks.com, Smotrich is a 5-star analyst with an average return of 6.4% and a 62.0% success rate. Smotrich covers the Financial sector, focusing on stocks such as Essential Properties Realty Trust Inc, Apartment Investment & Management, and Hudson Pacific Properties.
AvalonBay has an analyst consensus of Moderate Buy, with a price target consensus of $222.78, implying a 1.7% upside from current levels. In a report issued on October 7, KeyBanc also downgraded the stock to Hold.
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The company has a one-year high of $219.71 and a one-year low of $167.01. Currently, AvalonBay has an average volume of 621.5K.
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.
