AvalonBay Communities with ticker code (AVB) have now 21 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 285 and 214 with a mean TP of 258.86. With the stocks previous close at 204.09 this is indicating there is a potential upside of 26.8%. The day 50 moving average is 239.3 and the 200 day moving average is 236.93. The company has a market cap of $28,972m. Find out more information at: https://www.avalonbay.com
The potential market cap would be $36,747m 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”).
