Piper Sandler Remains a Hold on AvalonBay (AVB)
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
Read More on AVB:
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- AvalonBay Upgraded to Buy on Strong Q2 Beat, Raised Guidance and Strategically Compelling Equity Residential Merger
- AvalonBay price target lowered to $196 from $198 at Evercore ISI
- Closing Bell Movers: Tesla, Alphabet slide after earnings
- AvalonBay reports Q2 core FFO $2.86, consensus $2.80
- AvalonBay suspends EPS, FFO, core FFO outlook due to proposed merger
