BMO Capital Sticks to Its Hold Rating for AvalonBay

By Ryan Adsit

In a report released today, John Kim from BMO Capital reiterated a Hold rating on AvalonBay (NYSE: AVB), with a price target of $191. The company’s shares opened today at $193.04, close to its 52-week high of $194.11.

According to, Kim is a 3-star analyst with an average return of 3.0% and a 52.1% success rate. Kim covers the Financial sector, focusing on stocks such as Apartment Investment & Management, Forest City Realty Trust, Inc., and Retail Opportunity Investments.

Currently, the analyst consensus on AvalonBay is Moderate Buy and the average price target is $195.33, representing a 1.2% upside.

In a report issued on May 17, Deutsche Bank also downgraded the stock to Hold with a $193 price target.

AvalonBay’s market cap is currently $26.5B and has a P/E ratio of 25.61. The company has a book value ratio of 2.5810.

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Keri Shea, the SVP-Finance and Treasurer of AVB sold 1,000 shares for a total of $192,360.

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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 apartment communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities. The Established Communities segment refers to the operating communities that were owned and had stabilized occupancy. The Other Stabilized Communities segment includes all other completed communities that have stabilized occupancy. The Development or Redevelopment Communities segment consists of communities that are under construction. The company was founded by Gilbert M. Meyer in 1978 and is headquartered in Arlington, VA.