Analysts Opinion on Downgrades Stock (NYSE:AVB)

Los Angelas, CA -- (SBWIRE) -- 12/07/2012 -- AvalonBay Communities, Inc. (NYSE:AVB) is a real estate investment trust (REIT). The Company is engaged in the development, redevelopment, acquisition, ownership and operation of multifamily communities in high barrier to entry markets of the United States.

Cantor Fitzgerald lowered shares of AvalonBay Communities (NYSE:AVB) from a buy rating to a hold rating in a research report released on Friday morning. Cantor Fitzgerald currently has $142.00 price target on the stock, down from their previous price target of $157.00

Analysts at BMO Capital Markets upgraded shares of AvalonBay Communities from an underperform rating to a market perform rating in a research note to investors on Thursday, November 29th. They now have a $135.00 price target on the stock, up previously from $134.00. Separately, analysts at Barclays Capital reiterated an equalweight rating on shares of AvalonBay Communities in a research note to investors on Monday, November 5th. They now have a $165.00 price target on the stock. Finally, analysts at Zacks reiterated a neutral rating on shares of AvalonBay Communities in a research note to investors on Tuesday, October 30th. They now have a $140.00 price target on the stock.

Shares of AvalonBay Communities opened at 135.98 on Friday. AvalonBay Communities has a 52 week low of $121.60 and a 52 week high of $151.23. The company has a market cap of $13.286 billion and a P/E ratio of 20.87.

AvalonBay Communities last announced its earnings results on Wednesday, October 24th. The company reported $1.44 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.40 by $0.04. AvalonBay Communities’s revenue was up 7.4% compared to the same quarter last year. On average, analysts predict that AvalonBay Communities will post $5.45 earnings per share for the current fiscal year.

Is AVB Showing Any Sign of Buy At The Current Market Price? Find Out Here

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