BMO Capital analyst John Kim maintained a Hold rating on AvalonBay on Thursday, setting a price target of $149, which is approximately 6.52% above the present share price of $139.88.
Kim expects AvalonBay to post earnings per share (EPS) of $1.21 for the fourth quarter of 2020.
The current consensus among 11 TipRanks analysts is for a Moderate Buy rating of shares in AvalonBay, with an average price target of $171.7.
The analysts price targets range from a high of $205 to a low of $149.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $576.41 million and a net profit of $186.48 million. The company's market cap is $20.52 billion.
According to TipRanks.com, BMO Capital analyst John Kim is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 1.6% and a 50.26% success rate.
AvalonBay Communities (NYSE:AVB), Inc. is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily 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.