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AvalonBay (AVB) Receives a Buy from Barclays

Tipranks - Sat Mar 7, 4:54AM CST

In a report released today, Richard Hightower from Barclays maintained a Buy rating on AvalonBay, with a price target of $202.00.

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According to TipRanks, Hightower is an analyst with an average return of -0.4% and a 48.85% success rate. Hightower covers the Real Estate sector, focusing on stocks such as Diamondrock, Invitation Homes, and Park Hotels & Resorts.

In addition to Barclays, AvalonBay also received a Buy from Truist Financial’s Michael Lewis in a report issued on March 4. However, on the same day, Scotiabank maintained a Hold rating on AvalonBay (NYSE: AVB).

Based on AvalonBay’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $767.86 million and a net profit of $165.99 million. In comparison, last year the company earned a revenue of $740.55 million and had a net profit of $282.09 million

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