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Piper Sandler Remains a Hold on AvalonBay (AVB)

Tipranks - Fri Jul 31, 5:58AM CDT

In a report released today, Alexander Goldfarb from Piper Sandler maintained a Hold rating on AvalonBay, with a price target of $210.00.

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Goldfarb covers the Real Estate sector, focusing on stocks such as Essex Property, BXP, and Hudson Pacific Properties. According to TipRanks, Goldfarb has an average return of 3.3% and a 50.90% success rate on recommended stocks.

In addition to Piper Sandler, AvalonBay also received a Hold from Evercore ISI’s Steve Sakwa in a report issued on July 23. However, on July 26, Bank of America Securities reiterated a Buy rating on 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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