AvalonBay Communities (NYSE:AVB) Stock Rating Lowered by Wall Street Zen

AvalonBay Communities (NYSE:AVB) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

AVB has been the subject of several other research reports. BNP Paribas downgraded AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Scotiabank lowered their target price on AvalonBay Communities from $215.00 to $193.00 and set a “sector perform” rating for the company in a research note on Tuesday, November 4th. Cantor Fitzgerald started coverage on AvalonBay Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $205.00 price target for the company. Wells Fargo & Company decreased their price objective on shares of AvalonBay Communities from $213.00 to $193.00 and set an “overweight” rating on the stock in a report on Monday, November 10th. Finally, BNP Paribas Exane cut shares of AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Six analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $205.89.

AvalonBay Communities Price Performance

NYSE:AVB opened at $182.47 on Friday. The firm has a market cap of $25.84 billion, a PE ratio of 22.28, a price-to-earnings-growth ratio of 3.10 and a beta of 0.75. AvalonBay Communities has a 12 month low of $166.73 and a 12 month high of $230.21. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $179.94 and its two-hundred day moving average price is $187.39.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.06). The firm had revenue of $766.80 million for the quarter, compared to analyst estimates of $766.22 million. AvalonBay Communities had a return on equity of 9.72% and a net margin of 38.78%.During the same period in the previous year, the business posted $2.74 EPS. On average, equities analysts anticipate that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

Institutional Investors Weigh In On AvalonBay Communities

A number of institutional investors and hedge funds have recently modified their holdings of AVB. Mather Group LLC. bought a new position in AvalonBay Communities in the third quarter valued at approximately $30,000. Clearstead Trust LLC lifted its stake in shares of AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 62 shares during the period. BOKF NA bought a new position in shares of AvalonBay Communities in the 3rd quarter worth $31,000. AlphaQuest LLC acquired a new stake in shares of AvalonBay Communities during the third quarter worth $33,000. Finally, Headlands Technologies LLC bought a new stake in AvalonBay Communities in the second quarter valued at about $36,000. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.