AvalonBay Communities, Inc. which can be found using ticker (AVB) have now 21 confirmed 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 204 and 160 calculating the average target price we see $184.43. Now with the previous closing price of $173.23 and the analysts are correct then there would likely be a percentage uptick in value of 6.5%. The 50 day MA is $170.04 and the 200 moving average now moves to $180.08. The market capitalization for the company is $24,268m. Visit the company website at: https://www.avalonbay.com
The potential market cap would be $25,837m based on the market consensus.
As of December 31, 2022, the Company owned or held a direct or indirect ownership interest in 294 apartment communities containing 88,475 apartment homes in 12 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 of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.
The company has a dividend yield of 3.81% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 21.37, revenue per share of 18.68 and a 2.46% return on assets.
