Morgan Stanley Reaffirms Their Hold Rating on AvalonBay (AVB)
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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- AvalonBay price target lowered to $187 from $190 at Scotiabank
- AvalonBay price target lowered to $189 from $191 at UBS
- AvalonBay price target lowered to $203 from $206 at Barclays
- AvalonBay price target raised to $213 from $209 at BofA
- AvalonBay price target raised to $190 from $186 at Cantor Fitzgerald
