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 $190.00.
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Goldfarb covers the Real Estate sector, focusing on stocks such as SL Green Realty, AvalonBay, and SITE Centers. According to TipRanks, Goldfarb has an average return of 2.1% and a 49.09% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AvalonBay with a $202.23 average price target.
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 54 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. Last month, Sean Thomas Willson, the SVP of AVB sold 150.00 shares for a total of $27,039.00.
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