Analysts Are Bullish on These Real Estate Stocks: AvalonBay (AVB), Sun Communities (SUI)
There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on AvalonBay (AVB) and Sun Communities (SUI) with bullish sentiments.
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AvalonBay (AVB)
In a report released today, Michael Lewis from Truist Financial maintained a Buy rating on AvalonBay. The company’s shares closed last Thursday at $184.11, close to its 52-week low of $177.40.
According to TipRanks.com, Lewis is a 5-star analyst with an average return of
Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $193.86, representing a 4.8% upside. In a report released today, TipRanks – Anthropic also upgraded the stock to Buy with a $206.00 price target.
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Sun Communities (SUI)
In a report released today, Anthony Hau from Truist Financial maintained a Buy rating on Sun Communities. The company’s shares closed last Thursday at $126.29.
According to TipRanks.com, Hau is a 4-star analyst with an average return of
Sun Communities has an analyst consensus of Moderate Buy, with a price target consensus of $141.77, implying a 15.5% upside from current levels. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $147.00 price target.
Read More on AVB:
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- AvalonBay Announces Major All-Stock Merger with Equity Residential
- AvalonBay, Equity Residential announce merger of equals
- AvalonBay, Equity Residential to combine in an all-stock merger of equals
- AvalonBay, Equity Residential near deal to combine, Bloomberg reports
- AvalonBay price target raised to $205 from $203 at Morgan Stanley
