HotPennyStockNews.com is devoted to fetch you the most exclusive stocks in the market today. Apart from scanning the markets for the most underrated stocks. We propel those victors directly to your email inbox first ahead of the rest of the marketplace gets a prospect.
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
Neither HotPennyStockNews.com nor its owners, operators, affiliates or anyone disseminating information on its behalf is registered as an Investment Advisor or broker dealer in any jurisdiction whatsoever and none of the information provided by HotPennyStockNews.com, owners, operators, affiliates or anyone disseminating information on its behalf should be construed as investment advice or an investment recommendation. HotPennyStockNews.com makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through HotPennyStockNews.com. Investing in securities is speculative and carries a high degree of risk and no investment should be made unless you can afford to lose your entire investment. It is possible that an investor's entire investment may be lost or impaired due to the speculative nature of the companies profiled. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein..
Copyright © 2005-2013 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-321-1250 (International)