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Morgan Stanley Reaffirms Their Hold Rating on AvalonBay (AVB)

Tipranks - Sat May 16, 7:56AM CDT

Morgan Stanley analyst Adam Kramer maintained a Hold rating on AvalonBay today and set a price target of $205.00.

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Kramer covers the Real Estate sector, focusing on stocks such as AvalonBay, Mid-America Apartment, and Camden Property. According to TipRanks, Kramer has an average return of -2.8% and a 33.33% success rate on recommended stocks.

In addition to Morgan Stanley, AvalonBay also received a Hold from UBS’s Michael Goldsmith in a report issued yesterday. However, on May 11, Barclays assigned a Buy rating to 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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