Evercore ISI Remains a Hold on AvalonBay (AVB)
In a report released today, Steve Sakwa from Evercore ISI maintained a Hold rating on AvalonBay, with a price target of $196.00.
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Sakwa covers the Real Estate sector, focusing on stocks such as Essex Property, AvalonBay, and Equity Residential. According to TipRanks, Sakwa has an average return of 2.0% and a 54.16% success rate on recommended stocks.
In addition to Evercore ISI, AvalonBay also received a Hold from Piper Sandler’s Alexander Goldfarb in a report issued on July 30. However, on July 26, Bank of America Securities reiterated a Buy rating on AvalonBay (NYSE: AVB).
Based on AvalonBay’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $777.77 million and a net profit of $155.72 million. In comparison, last year the company earned a revenue of $760.2 million and had a net profit of $268.67 million
Read More on AVB:
Disclaimer & DisclosureReport an Issue
- Talent Risks Cloud AvalonBay–Equity Residential Merger, Threatening Synergies and Long-Term Value
- AvalonBay faces investor scrutiny amid Equity Residential merger
- AvalonBay, Equity Residential name combined company Vivmark Residential
- AvalonBay Upgraded to Buy on Strong Q2 Beat, Raised Guidance and Strategically Compelling Equity Residential Merger
- AvalonBay price target lowered to $196 from $198 at Evercore ISI
