Analysts Offer Insights on Real Estate Companies: Vicinity Centres (OtherCNRAF) and AvalonBay (AVB)
Companies in the Real Estate sector have received a lot of coverage today as analysts weigh in on Vicinity Centres (CNRAF – Research Report) and AvalonBay (AVB – Research Report).
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Vicinity Centres (CNRAF)
In a report released yesterday, Howard Penny from Citi maintained a Hold rating on Vicinity Centres, with a price target of A$2.60. The company’s shares closed last Tuesday at $1.53.
According to TipRanks.com, Penny is a 4-star analyst with an average return of
The word on The Street in general, suggests a Hold analyst consensus rating for Vicinity Centres with a $1.71 average price target.
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AvalonBay (AVB)
Morgan Stanley analyst Adam Kramer maintained a Buy rating on AvalonBay today and set a price target of $222.50. The company’s shares closed last Friday at $179.13, close to its 52-week low of $177.40.
According to TipRanks.com, Kramer is a 1-star analyst with an average return of
Currently, the analyst consensus on AvalonBay is a Moderate Buy with an average price target of $202.90, a 12.3% upside from current levels. In a report issued on December 16, Argus Research also maintained a Buy rating on the stock with a $205.00 price target.
