Evercore ISI Sticks to Its Hold Rating for AvalonBay (AVB)
Evercore ISI analyst Steve Sakwa maintained a Hold rating on AvalonBay yesterday and set a price target of $204.00. The company’s shares closed yesterday at $176.98.
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According to TipRanks, Sakwa is a 2-star analyst with an average return of 0.1% and a 48.53% success rate. Sakwa covers the Real Estate sector, focusing on stocks such as AvalonBay, Equity Residential, and Macerich.
In addition to Evercore ISI, AvalonBay also received a Hold from UBS’s Brent Dilts in a report issued on November 10. However, yesterday, Morgan Stanley maintained a Buy rating on AvalonBay (NYSE: AVB).
Based on AvalonBay’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $764.93 million and a net profit of $381.31 million. In comparison, last year the company earned a revenue of $734.31 million and had a net profit of $372.52 million
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