In a report released on May 21, Brad Heffern from RBC Capital maintained a Hold rating on AvalonBay, with a price target of $188.00. The company’s shares closed yesterday at $184.11.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence
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Heffern covers the Real Estate sector, focusing on stocks such as AvalonBay, Equity Residential, and Cubesmart. According to TipRanks, Heffern has an average return of 10.8% and a 54.40% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AvalonBay with a $193.86 average price target, representing a 5.30% upside. In a report released on May 21, Colliers Securities also maintained a Hold rating on the stock with a $190.00 price target.
Based on AvalonBay’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $770.28 million and a net profit of $325.73 million. In comparison, last year the company earned a revenue of $745.88 million and had a net profit of $236.6 million
