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UBS Reaffirms Their Hold Rating on AvalonBay (AVB)

Tipranks - Fri Aug 14, 7:36AM CDT

In a report released today, Michael Goldsmith from UBS maintained a Hold rating on AvalonBay, with a price target of $189.00.

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According to TipRanks, Goldsmith is a 4-star analyst with an average return of 5.4% and a 62.94% success rate. Goldsmith covers the Real Estate sector, focusing on stocks such as Extra Space Storage, Public Storage, and Kite Realty Group.

The word on The Street in general, suggests a Hold analyst consensus rating for AvalonBay with a $198.50 average price target.

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

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