AvalonBay Communities – Consensus Indicates Potential -5.0% Downside

Broker Ratings

AvalonBay Communities with ticker code (AVB) have now 20 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The range between the high target price and low target price is between 251 and 176 with a mean TP of 213.6. With the stocks previous close at 224.93 this indicates there is a potential downside of -5.0%. The 50 day moving average now sits at 214.11 and the 200 day MA is 189.95. The company has a market cap of $31,533m. Company Website: http://www.avalonbay.com

As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company’s expansion markets consisting of Southeast Florida and Denver, Colorado (the “Expansion Markets”).

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