Argus Research Keeps Their Buy Rating on AvalonBay (AVB)
In a report released yesterday, Marie Ferguson from Argus Research maintained a Buy rating on AvalonBay. The company’s shares closed yesterday at $176.94.
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According to TipRanks, Ferguson is a 3-star analyst with an average return of 3.9% and a 51.25% success rate. Ferguson covers the Utilities sector, focusing on stocks such as Ameren, Exelon, and NextEra Energy.
In addition to Argus Research, AvalonBay also received a Buy from TR | OpenAI – 4o’s Jack Leasewyn in a report issued on December 9. However, on December 3, Colliers Securities downgraded AvalonBay (NYSE: AVB) to a Hold.
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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