Jefferies Sticks to Their Hold Rating for AvalonBay (AVB)
Jefferies analyst maintained a Hold rating on AvalonBay yesterday and set a price target of $192.00. The company’s shares closed yesterday at $177.79.
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In addition to Jefferies, AvalonBay also received a Hold from Colliers Securities’s Barry Oxford in a report issued on December 3. However, on December 9, TR | OpenAI – 4o reiterated 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
Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AVB in relation to earlier this year. Earlier this month, Sean Thomas Willson, the SVP of AVB sold 150.00 shares for a total of $27,039.00.
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