Barclays Remains a Buy on AvalonBay (AVB)
Barclays analyst Richard Hightower maintained a Buy rating on AvalonBay today and set a price target of $203.00.
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Hightower covers the Real Estate sector, focusing on stocks such as Gaming and Leisure, Equity Residential, and AvalonBay. According to TipRanks, Hightower has an average return of -0.7% and a 51.26% success rate on recommended stocks.
In addition to Barclays, AvalonBay also received a Buy from Bank of America Securities’s Jana Galan in a report issued on May 4. However, on the same day, Cantor Fitzgerald maintained a Hold rating on AvalonBay (NYSE: AVB).
Based on AvalonBay’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $770.28 million and a net profit of $325.73 million. In comparison, last year the company earned a revenue of $745.88 million and had a net profit of $236.6 million
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- AvalonBay price target raised to $213 from $209 at BofA
- AvalonBay price target raised to $190 from $186 at Cantor Fitzgerald
- AvalonBay files to sell 1.06M shares of common stock for holders
- AvalonBay sees Q4 adjusted EPS $1.70-$1.80, consensus $1.38
- AvalonBay price target raised to $188 from $180 at RBC Capital
