AvalonBay Communities which can be found using ticker (AVB) have now 21 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The range between the high target price and low target price is between 204 and 160 and has a mean target at $184.43. Now with the previous closing price of $173.33 this now indicates there is a potential upside of 6.4%. The 50 day MA is $169.89 and the 200 day moving average is $179.98. The total market capitalization for the company now stands at $24,233m. Visit the company website at: https://www.avalonbay.com
The potential market cap would be $25,785m based on the market consensus.
As of December 31, 2022, the Company owned or held a direct or indirect ownership interest in 294 apartment communities containing 88,475 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company’s expansion markets of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.
The company has a dividend yield of 3.81% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 21.34, revenue per share of 18.68 and a 2.46% return on assets.
