RBC Capital analyst Brad Heffern maintained a Hold rating on AvalonBay on Monday, setting a price target of $211, which is approximately 1.50% below the present share price of $214.21.
Heffern expects AvalonBay to post earnings per share (EPS) of $1.02 for the second quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Hold rating of shares in AvalonBay, with an average price target of $210.64.
The analysts price targets range from a high of $251 to a low of $176.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $551.14 million and a net profit of $141.03 million. The company's market cap is $29.9 billion.
According to TipRanks.com, RBC Capital analyst Brad Heffern is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 22.1% and a 54.05% 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.