Mizuho set a $185.00 price target on AvalonBay Communities (NYSE:AVB) in a research note issued to investors on Friday. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the company. Zacks Investment Research raised AvalonBay Communities from a sell rating to a hold rating in a report on Monday, October 30th. Royal Bank of Canada lowered their target price on AvalonBay Communities from $206.00 to $200.00 and set an outperform rating on the stock in a report on Monday, November 6th. JPMorgan Chase & Co. downgraded AvalonBay Communities from an overweight rating to a neutral rating and set a $211.00 target price on the stock. in a report on Friday, December 15th. Robert W. Baird reissued a buy rating and issued a $187.00 target price on shares of AvalonBay Communities in a report on Tuesday, January 9th. Finally, UBS Group raised AvalonBay Communities from a neutral rating to a buy rating and increased their target price for the company from $190.00 to $206.00 in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $195.35.

AvalonBay Communities (NYSE AVB) traded up $4.67 during mid-day trading on Friday, reaching $159.61. The company’s stock had a trading volume of 1,348,739 shares, compared to its average volume of 873,965. AvalonBay Communities has a 52 week low of $154.82 and a 52 week high of $199.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market capitalization of $21,395.34, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 2.34 and a beta of 0.34.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $1.03. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The company had revenue of $555.29 million for the quarter, compared to the consensus estimate of $554.20 million. During the same quarter in the prior year, the company earned $2.12 earnings per share. AvalonBay Communities’s revenue was up 7.1% on a year-over-year basis. sell-side analysts anticipate that AvalonBay Communities will post 9.01 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a $1.47 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $5.88 annualized dividend and a dividend yield of 3.68%. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s dividend payout ratio (DPR) is 89.31%.

In other news, insider Leo S. Horey III sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $182.75, for a total value of $365,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Sean J. Breslin sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $182.65, for a total value of $273,975.00. The disclosure for this sale can be found here. Insiders sold 30,660 shares of company stock worth $5,628,669 in the last ninety days. Corporate insiders own 0.46% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Candriam Luxembourg S.C.A. raised its stake in AvalonBay Communities by 6.6% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 11,496 shares of the real estate investment trust’s stock valued at $2,051,000 after purchasing an additional 716 shares during the period. Magnetar Financial LLC bought a new stake in AvalonBay Communities during the 3rd quarter valued at approximately $772,000. Cubist Systematic Strategies LLC raised its stake in AvalonBay Communities by 91.2% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 2,250 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 1,073 shares during the period. PGGM Investments raised its stake in AvalonBay Communities by 5.6% during the 3rd quarter. PGGM Investments now owns 1,642,210 shares of the real estate investment trust’s stock valued at $293,003,000 after purchasing an additional 86,594 shares during the period. Finally, Koch Industries Inc. bought a new stake in AvalonBay Communities during the 2nd quarter valued at approximately $365,000. 95.24% of the stock is currently owned by institutional investors.

TRADEMARK VIOLATION WARNING: This article was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was illegally copied and reposted in violation of international copyright and trademark legislation. The original version of this article can be read at https://www.dailypolitical.com/2018/02/10/avalonbay-communities-avb-given-a-185-00-price-target-at-mizuho.html.

About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

Analyst Recommendations for AvalonBay Communities (NYSE:AVB)

Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter.