Piper Sandler Sticks to Their Hold Rating for AvalonBay (AVB)
In a report released yesterday, Alexander Goldfarb from Piper Sandler reiterated a Hold rating on AvalonBay, with a price target of $195.00. The company’s shares closed yesterday at $184.83.
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According to TipRanks, Goldfarb is a 3-star analyst with an average return of 1.8% and a 48.62% success rate. Goldfarb covers the Real Estate sector, focusing on stocks such as BXP, Equity Residential, and Vornado Realty.
AvalonBay has an analyst consensus of Moderate Buy, with a price target consensus of $194.71, a 5.35% upside from current levels. In a report released on May 21, Colliers Securities also maintained a Hold rating on the stock with a $190.00 price target.
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
Read More on AVB:
Disclaimer & DisclosureReport an Issue
- Equity Residential upgraded to Buy from Neutral at BofA
- AvalonBay Shareholders Back Board, Pay Plan and Auditor
- 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
