AvalonBay Communities with ticker code (AVB) now have 21 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 282 and 174 calculating the mean target price we have 230.76. Given that the stocks previous close was at 189.14 this now indicates there is a potential upside of 22.0%. The 50 day MA is 199.19 while the 200 day moving average is 231.02. The company has a market cap of $26,956m. Company Website: https://www.avalonbay.com
The potential market cap would be $32,887m 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”).
