AvalonBay Communities with ticker code (AVB) have now 22 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 282 and 160 calculating the mean target price we have 187.18. Given that the stocks previous close was at 184.5 this now indicates there is a potential upside of 1.5%. The day 50 moving average is 168.83 and the 200 day MA is 190. The company has a market cap of $25,216m. You can visit the company’s website by visiting: https://www.avalonbay.com
The potential market cap would be $25,583m based on the market concensus.
As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 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 consisting of Southeast Florida and Denver, Colorado (the “Expansion Markets”).
