AvalonBay Communities with ticker code (AVB) now have 22 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 282 and 160 with the average target price sitting at 187.18. Now with the previous closing price of 173.45 this would imply there is a potential upside of 7.9%. The 50 day MA is 167.73 and the 200 day MA is 191.69. The company has a market capitalisation of $24,835m. Company Website: https://www.avalonbay.com
The potential market cap would be $26,800m 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”).
