AvalonBay Communities with ticker code (AVB) have now 22 analysts in total covering the stock. The consensus rating is ‘Hold’. The range between the high target price and low target price is between 282 and 196 with the average target price sitting at 232.59. Now with the previous closing price of 216.52 this would imply there is a potential upside of 7.4%. The day 50 moving average is 199.67 and the 200 day moving average is 228.18. The market cap for the company is $30,061m. Visit the company website at: https://www.avalonbay.com
The potential market cap would be $32,292m 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”).
