AvalonBay Receives a Buy from Stifel Nicolaus

By Carrie Williams

Stifel Nicolaus analyst John Guinee assigned a Buy rating to AvalonBay (NYSE: AVB) yesterday and set a price target of $209. The company’s shares closed yesterday at $187.73.

According to TipRanks.com, Guinee is a 4-star analyst with an average return of 5.6% and a 60.0% success rate. Guinee covers the Financial sector, focusing on stocks such as First Industrial Realty Trust, Franklin Street Properties, and Washington Real Estate ate.

AvalonBay has an analyst consensus of Moderate Buy, with a price target consensus of $200.89.

The company has a one year high of $199.52 and a one year low of $158.32. Currently, AvalonBay has an average volume of 650.2K.

Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is neutral on the stock.

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AvalonBay Communities, Inc. operates as a real estate investment trust, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities.