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Analysts Offer Insights on Real Estate Companies: AvalonBay (AVB) and Camden Property (CPT)

Tipranks - Thu Jun 11, 1:16AM CDT

There’s a lot to be optimistic about in the Real Estate sector as 2 analysts just weighed in on AvalonBay (AVB) and Camden Property (CPT) with bullish sentiments.

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AvalonBay (AVB)

In a report issued on June 8, Jana Galan from Bank of America Securities maintained a Buy rating on AvalonBay, with a price target of $213.00. The company’s shares closed last Tuesday at $186.85, close to its 52-week low of $177.40.

According to TipRanks.com, Galan is a 1-star analyst with an average return of -3.6% and a 49.0% success rate. Galan covers the NA sector, focusing on stocks such as Essential Properties Realty, Hudson Pacific Properties, and Mid-America Apartment. ;'>

Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $195.69, a 4.5% upside from current levels. In a report released yesterday, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $225.00 price target.

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Camden Property (CPT)

Bank of America Securities analyst Jeffrey Spector maintained a Buy rating on Camden Property on June 8 and set a price target of $134.00. The company’s shares closed last Tuesday at $115.40.

According to TipRanks.com, Spector is a 4-star analyst with an average return of 5.8% and a 60.4% success rate. Spector covers the NA sector, focusing on stocks such as Eastgroup Properties, Kite Realty Group, and Equity Lifestyle. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Camden Property with a $111.38 average price target, representing a -1.8% downside. In a report issued on June 3, Stifel Nicolaus also maintained a Buy rating on the stock with a $118.75 price target.

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