AvalonBay Communities with ticker code (AVB) have now 23 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 307 and 236 calculating the mean target price we have 264.7. Now with the previous closing price of 237.21 this indicates there is a potential upside of 11.6%. The 50 day moving average now sits at 245.17 and the 200 day MA is 225.27. The company has a market cap of $34,007m. Company Website: https://www.avalonbay.com
The potential market cap would be $37,948m 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”).
