AvalonBay Communities (AVB) : 14 Wall Street analysts covering AvalonBay Communities (AVB) believe that the average level the stock could reach for the short term is $190.79. The maximum price target given is $205 and the minimum target for short term is around $179, hence the standard deviation is calculated at $6.46.
AvalonBay Communities (AVB) has an average broker rating of 2.27, which is interpreted as a Buy, as rated by 15 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 9 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.
Also, BTIG Research initiates coverage on AvalonBay Communities (NYSE:AVB) . The global brokerage major announces a current price target of $208 per share. Analysts at the BTIG Research have a current rating of Buy on the shares. The rating by the firm was issued on August 25, 2016.
AvalonBay Communities (NYSE:AVB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $175.20 and $174.22 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $176.26. The buying momentum continued till the end and the stock did not give up its gains. It closed at $175.81, notching a gain of 0.46% for the day. The total traded volume was 570,848 . The stock had closed at $175.01 on the previous day.
AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company develops, redevelops, acquires, owns and operates multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company operates in three segments: Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. It owns an ownership interest in around 252 operating apartment communities containing 74,240 apartment homes in 11 states and the District of Columbia, of which around 228 communities contain around 66,631 apartment homes; two communities containing over 618 apartment homes were held by joint ventures in which it holds an ownership interest, and approximately 22 communities contain around 6,991 apartment homes. It operates apartment communities under three core brands: Avalon, AVA and Eaves by Avalon.