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AvalonBay Communities

AvalonBay Communities owns a portfolio of 281 apartment communities with over 87,000 units and is developing 18 additional properties with over 6,200 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.

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Foreign investment in U.S. homes at 15-year low due to low supply, high prices and strong dollar. Fed rate cut could improve market.

Foreigners Don&#39;t Want Your US Home: Sales Drop To 15-Year Lows For International Buyers

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AvalonBay Communities (NYSE: AVB) is well-poised to benefit from the healthy renter demand for its residential properties in the high barrier-to-entry regions of the United States.

Should You Retain AvalonBay Stock in Your Portfolio Now?

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AvalonBay Communities's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) short percent of float has fallen 13.79% since its last report. The company recently reported that it has 1.54 million shares sold short, which is 1.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.98 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AvalonBay Communities Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721331934_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AvalonBay Communities has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing AvalonBay Communities's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AvalonBay Communities's peer group average for short interest as a percentage of float is 3.71%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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How Is The Market Feeling About AvalonBay Communities?

UBS analyst Brent Dilts maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a Neutral and raises the price target from $210 to $228.

UBS Maintains Neutral on AvalonBay Communities, Raises Price Target to $228

Foreign investment in U.S. homes has dropped to its lowest in 15 years, as per a fresh report by the National Association of Realtors.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/06/39482229/home-prices-reach-new-record-highs-yet-signs-of-normalization-emerge">Low supply and high prices</a> have scared many foreign investors away from U.S. real estate, marking the seventh consecutive yearly drop in sales for this cohort.
The U.S. Home Market Slump: Unusually high inflation has pushed mortgage rates up, forcing many homeowners to stay in their current homes, bringing the supply of houses down significantly.
In this context, people who might have been looking for a new home are incentivized to stick to their low mortgage rates instead of selling their home in exchange for a more expensive mortgage.
The fall home sales hit its worst point in 28 years during 2023; and 2024 is lining up to be even worse. Looking at completed sales up to April, at this rate, 2024 would come with a drop of almost 2% since the previous year.
The panorama could change if the Fed decides to drop interest rates in an upcoming meeting. During a Wednesday call, a Bank of America economist <a href="https://www.benzinga.com//node/39819662">argued that the most likely rate cut will come in December</a>, against consensus from other colleagues who expect a drop by September.
Anticipation for an upcoming rate cut already caused a positive effect on the real estate market. On Wednesday, one report showed mortgages have come down to a four-month low last week, <a href="https://www.benzinga.com/real-estate/reit/24/07/39816656/fed-rate-cut-expectations-drop-mortgage-rates-to-4-month-lows-surge-in-new-applications-refinanc">with new applications up by almost 4%</a>.
<h1 class="wp-block-heading">Why Do Foreign Nationals Buy Houses In The U.S. And Why Are They Stopping?</h1>
The realtors report looked at two types of investor: foreign buyers who don't reside in the U.S. as well as visa holders who are not permanent immigrants, or new immigrants with less than two years in the country.
Foreign-born individuals with permanent U.S. residencies are not accounted for. For the groups examined, 45% of homes were purchased for use as a rental unit, vacation house, or both.
Yet the intended use of the homes varied greatly between the country of origin of the buyer. Forty-nine percent of Canadian buyers intend to use their homes for vacation, and only 16% as a permanent residency. For buyers from India, it was 6% for vacation and 66% for permanent residency.
Foreign investors might be lured by the U.S. real estate market as a way to diversify their foreign real estate investments in a market that has typically gone up with time.
Yet, the landscape for international buyers has been even worse than for U.S. buyers.&nbsp;
The U.S. dollar has strengthened against foreign currency in previous years, making it even more expensive for investors holding their capital in euros, Chinese yuan or Canadian dollars to purchase a U.S. home. 
Read Also: <a href="https://www.benzinga.com//node/39812270">Jerome Powell&#8217;s Top Advisor Hints At Fed&#8217;s Potential Rate Cut Plans: &#8216;All Moving In The Right Direction&#8217;</a>
While at a slower rate, foreign buyers continued to purchase homes in the U.S., with California, Florida, Texas and Arizona as main destinations. Against some prime locations around the world, the price per square meter for residential properties in the U.S. remains very competitive.
The price per square meter for a home in the San Jose-Sunnyvale-Santa Clara area in California is almost half that of Hong Kong. In Boulder, Colorado, a square meter costs half of that of Oslo, Norway, and a third of the average Canadian price.
In the period running from April 2023 to March 2024, there were only 54,300 U.S. homes sold to international buyers, the lowest it's been since the association began measuring the data point in 2009. This marks a whopping 36% decline since the previous year.
In dollars, this meant a 21% decrease, with purchases worth only $42 billion against $153 billion in 2017
But this year's drop is no exception. There have been year-over-year drops for the last seven periods, from a recent peak of 284,500 U.S. homes bought by foreigners in 2017.
Those who did buy a house in America did it for a higher price. The average sale reached $780,300, a 22% spike from the previous year.
<h1 class="wp-block-heading">Impact On The Market</h1>
Foreign buyers accounted for only 1.3% of all U.S. home sales during the April 2023-March 2024 period, yet they represent a much more significant portion of the market in specific locations like Florida, Texas and California.
While the report analyzed a drop in foreign sales, most of its reasons are domestic, serving to better understand the state of the real estate market for homes in the U.S.
The drop in supply stemming from the rise in interest rates has affected U.S. buyers as much as foreigners.
<a href="https://www.benzinga.com/markets/equities/24/06/39204534/european-central-bank-cuts-interest-rates-by-0-25-but-projects-inflation-above-target-well-into-">Upcoming cuts in interest rates across the globe, and specially in Europe</a> could soon reignite foreign interest in the U.S. market. This might be even more true if it falls in line with an increased supply of homes that could come if mortgage rates continue to drop.
There are several real estate companies focused on the residential sector that are part of the S&amp;P 500 index. These include Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>), Essex Property Trust Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESS#NYSE">ESS</a>), Mid-America Apartment Communities Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>), AvalonBay Communities Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) and Invitation Homes Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INVH#NYSE">INVH</a>).
Most real estate ETFs are not pure-play residential, with the exception of iShares Residential and Multisector Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REZ#NYSE">REZ</a>). Others follow the U.S. real estate market more broadly but are still liable to be affected by swings in the residential home market. These include Vanguard Real Estate Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) and Schwab US REIT ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHH#NYSE">SCHH</a>) among the largest.
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Foreigners Don't Want Your US Home: Sales Drop To 15-Year Lows For International Buyers

AvalonBay Communities (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/avb#NYSE">AVB</a>) is well-poised to benefit from the healthy renter demand for its residential properties in the high barrier-to-entry regions of the United States. The company&#39;s efforts to leverage technology and scale to drive margin expansion and operational efficiency seem encouraging.
However, the elevated supply of rental units in certain markets is likely to fuel competition and curb pricing power, thereby impeding the rent growth momentum to some extent. A high interest rate adds to its woes.
<h3>What&#39;s Aiding AVB?</h3>
AvalonBay has high-quality assets located in some of the country&#39;s premium markets. It focuses on adding properties situated in the leading metropolitan areas where the market is characterized by growing employment in the high-wage sectors of the economy, higher home ownership costs, and a diverse and vibrant quality of life. This offers AvalonBay an edge for generating superior long-term risk-adjusted returns on apartment community investments over the other markets that lack such characteristics.
Its portfolio is well-diversified, with its same-store portfolio comprising a decent number of suburban and urban assets. Moreover, limited single-family home inventory is making the transition from renter to homeowner difficult in its markets, and renting apartment units is a viable option. Hence, with these factors in place, AvalonBay remains well-poised for growth.
In 2024, management expects same-store residential revenues to increase 3.1% year over year. We expect year-over-year growth of 3.3% in the company&#39;s same-store residential rental revenues in 2024.
AvalonBay also has an encouraging development pipeline. Over the next few years, the developments underway are expected to deliver meaningful incremental net operating income (NOI) upon completion and stabilization and are expected to fuel funds from operation (FFO) and net asset value growth.
AvalonBay is leveraging technology, scale and organizational capabilities to drive margin expansion in its portfolio. The company is focusing on self-serve digital experiences to provide a seamless, personalized customer experience. Such efforts are likely to bring about operational efficiency and reduce costs, aiding NOI growth.
AvalonBay has a healthy balance sheet with ample liquidity, placing it well to capitalize on long-term growth opportunities. The company has a well-laddered debt maturity schedule with a weighted average year-to-maturity of 7.4 years. In addition, in the first quarter of 2024, its annualized net debt-to-core EBITDAre was 4.3 times, and the unencumbered NOI was 95%, providing scope for tapping the additional secured debt capital if required.
Over the past three months, shares of this Zacks Rank #2 (Buy) company have rallied 13.5% compared with the&nbsp;industry&#39;s upside of 10.8%.The Zacks Consensus Estimate for AvalonBay Communities&#39; second quarter 2024 FFO per share has risen marginally upward over the past two months to $2.71. AVB is slated to release quarterly numbers on Jul 31 after the closing bell.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/26/71508.jpg?v=1410159851" />
Image Source: Zacks Investment Research
<h3>What&#39;s Hurting AVB?</h3>
The struggle to lure renters will persist as the supply volume is expected to remain elevated in some markets where the company operates. Such a competitive landscape limits the company&#39;s ability to increase the rent, thereby restricting its growth momentum to some extent.
A high interest rate environment is a concern for AvalonBay. The company may find it difficult to purchase or develop real estate with borrowed funds as the costs are likely to be on the higher side. AvalonBay has a substantial debt burden, and its total debt was approximately $8.04 billion as of Mar 31, 2024. For 2024, we project a year-over-year rise of 8.4% in the company&#39;s interest expenses.
<h3>Stocks to Consider</h3>
Some other top-ranked stocks from the residential REIT sector are&nbsp;Essex Property Trust (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ess#NYSE">ESS</a>) and&nbsp;Equity Residential (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/eqr#NYSE">EQR</a>), each carrying a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Essex Property Trust&#39;s 2024 FFO per share has moved marginally northward over the past month to $15.41.
The Zacks Consensus Estimate for Equity Residential&#39;s 2024 FFO per share has moved marginally northward over the past two months to $3.88.
Note:&nbsp;Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2302704/should-you-retain-avalonbay-avb-stock-in-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2302704">To read this article on Zacks.com click here.</a>

President Biden will unveil a new proposal in Nevada on Tuesday to cap rental costs nationwide, according to three people familiar with the matter, as he works to assuage Democratic concerns about the viability of his candidacy while the Republican convention gets underway.
Biden's plan — which would need to be approved by Congress — calls for stripping a tax benefit from landlords who increase their tenants' rent more than 5 percent per year, the people said. The measure would only apply to landlords who own more than 50 units, which represents roughly half of all rental properties, the people said. It wouldn't cover units that have not yet been built, in an attempt to ensure that the policy does not discourage construction of new rental housing. The people spoke on the condition of anonymity to describe a proposal that isn't yet public.
<a href="https://www.washingtonpost.com/business/2024/07/15/rent-cap-biden-housing/" title="https://www.washingtonpost.com/business/2024/07/15/rent-cap-biden-housing/">https://www.washingtonpost.com/business/2024/07/15/rent-cap-biden-housing/</a>

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'Biden to unveil plan to cap rents as GOP convention begins' - Washington Post

Providing a diverse range of perspectives from bullish to bearish, 15 analysts have published ratings on AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) in the last three months.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for AvalonBay Communities, revealing an average target of $210.33, a high estimate of $230.00, and a low estimate of $194.00. This upward trend is apparent, with the current average reflecting a 6.23% increase from the previous average price target of $198.00.
<img src="https://www.benzinga.com/files/images/story/2024/1720540844_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The analysis of recent analyst actions sheds light on the perception of AvalonBay Communities by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$207.00</td>
<td>$205.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$222.00</td>
<td>$210.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$213.00</td>
<td>$207.00</td>
</tr>
<tr>
<td>Anthony Paolone</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$212.00</td>
<td>$194.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$189.00</td>
</tr>
<tr>
<td>Vikram Malhotra</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$194.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$207.00</td>
<td>$197.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$213.00</td>
<td>$193.00</td>
</tr>
<tr>
<td>Adam Kramer</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$209.00</td>
<td>$203.00</td>
</tr>
<tr>
<td>Brent Dilts</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$210.00</td>
<td>$199.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Announces</td>
<td>In-Line</td>
<td>$202.00</td>
<td>-</td>
</tr>
<tr>
<td>Jacob Kilstein</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$212.00</td>
<td>$188.00</td>
</tr>
<tr>
<td>Anthony Powell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$218.00</td>
<td>$204.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$196.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$230.00</td>
<td>$207.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to AvalonBay Communities. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of AvalonBay Communities compared to the broader market.</li>
<li>Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of AvalonBay Communities's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AVB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AvalonBay Communities analyst ratings.</a>
<h2>About AvalonBay Communities</h2>
AvalonBay Communities owns a portfolio of 281 apartment communities with over 87,000 units and is developing 18 additional properties with over 6,200 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.
<h3>Breaking Down AvalonBay Communities's Financial Performance</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: AvalonBay Communities's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 5.65%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: AvalonBay Communities's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 24.33% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): AvalonBay Communities's ROE excels beyond industry benchmarks, reaching 1.48%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): AvalonBay Communities's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.84% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: AvalonBay Communities's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.69.
<h2>Analyst Ratings: Simplified</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 15 Takes On AvalonBay Communities

Evercore ISI Group analyst Steve Sakwa maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a In-Line and raises the price target from $205 to $207.

Evercore ISI Group Maintains In-Line on AvalonBay Communities, Raises Price Target to $207

Wells Fargo analyst James Feldman maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a Overweight and raises the price target from $210 to $222.

Wells Fargo Maintains Overweight on AvalonBay Communities, Raises Price Target to $222

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Morgan Stanley cut the price target for The Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) from $58 to $57. Morgan Stanley analyst Simeon Gutman maintained an Equal-Weight rating. Kroger shares fell 0.1% to close at $50.21 on Friday. <a href="https://www.benzinga.com/quote/KR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>JP Morgan raised the price target for Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) from $173 to $175. JP Morgan analyst Matthew Boss maintained an Overweight rating. Royal Caribbean Cruises shares rose 0.6% to close at $151.12 on Friday. <a href="https://www.benzinga.com/quote/RCL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital boosted Sarepta Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRPT#NASDAQ">SRPT</a>) price target from $170 to $200. BMO Capital analyst Kostas Biliouris maintained an Outperform rating. Sarepta Therapeutics shares jumped 30.1% to close at $160.72 on Friday. <a href="https://www.benzinga.com/quote/SRPT/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo boosted the price target for argenx SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) from $478 to $542. Wells Fargo analyst Derek Archila maintained an Overweight rating. argenx shares rose 1.7% to close at $394.47 on Friday. <a href="https://www.benzinga.com/quote/ARGX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised HEICO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) price target from $220 to $250. B of A Securities analyst Ronald Epstein maintained a Buy rating. HEICO shares gained 0.4% to close at $227.26 on Friday. <a href="https://www.benzinga.com/quote/HEI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Baird boosted Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) price target from $150 to $172. Baird analyst Tristan Gerra maintained an Outperform rating. Micron shares fell 3.2% to close at $139.54 on Friday. <a href="https://www.benzinga.com/quote/MU/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut the price target for CarMax, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMX#NYSE">KMX</a>) from $91 to $87. Needham analyst Chris Pierce maintained a Buy rating. CarMax shares gained 0.4% to close at $71.63 on Friday. <a href="https://www.benzinga.com/quote/KMX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Evercore ISI Group cut Sirius XM Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>) price target from $4.25 to $3.25. Evercore ISI Group analyst Vijay Jayant upgraded the stock from Underperform to In-Line. Sirius XM shares gained 1% to close at $2.93 on Friday. <a href="https://www.benzinga.com/quote/SIRI/analyst-ratings">See how other analysts view this stock.</a></li>
<li>TD Cowen raised Planet Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) price target from $66 to $92. TD Cowen analyst Max Rakhlenko upgraded the stock from Hold to Buy. Planet Fitness shares fell 0.4% to close at $72.73 on Friday. See how other analysts view this stock.</li>
<li>Truist Securities boosted AvalonBay Communities, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) price target from $207 to $213. Truist Securities analyst Michael Lewis maintained a Hold rating. AvalonBay Communities shares rose 1% to close at $203.89 on Friday. <a href="https://www.benzinga.com/quote/AVB/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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Truist Securities analyst Michael Lewis maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a Hold and raises the price target from $207 to $213.

Truist Securities Maintains Hold on AvalonBay Communities, Raises Price Target to $213

Donald Trump built his wealth in real estate. After inheriting a portion of his father's real estate business, he expanded it through strategic property deals, hotel developments, and branding.
Trump also ventured into entertainment, including his popular show The Apprentice and his social media app Truth Social, which recently went public via a SPAC merger and now trades as Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>).
Investing in real estate is not as easy as it once was, especially with interest rates surging in recent years. However, investors can explore alternative routes to enter the real estate market, including investing in real estate investment trusts (REITs) or participating in real estate crowdfunding.
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So, how can you invest like Donald Trump? Well, his portfolio is <a href="https://www.benzinga.com/real-estate/24/01/36535479/donald-trumps-real-estate-portfolio-is-highly-concentrated-in-these-two-states?utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=site">highly concentrated in two states</a> – New York and Florida. Let's take a look at a REIT with exposure to both of these markets.
<h2 class="wp-block-heading">AvalonBay Communities</h2>
AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) owns or has ownership interests in 299 apartment communities containing 90,673 apartment homes across 12 states and the District of Columbia. It lists New York as one of its "established regions" and Florida as one of its "expansion regions" in its most recent investor presentation.
AvalonBay currently pays a quarterly dividend of $1.70 per share, equating to an annualized dividend of $6.80 per share, which gives its stock a yield of about 3.4% at the time of this writing.
On top of offering investors a high yield, AvalonBay has shown a strong dedication to growing its dividend. It has raised its annual dividend 11 times in the last 13 years, including a 3% hike in January of this year.
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<li>Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune — <a href="https://www.benzinga.com/money/advisor-adv-warren-buffett">How much is that worth today?</a></li>
<li>Miami is expected to take New York's place as the U.S. Financial Capital. <a href="https://www.benzinga.com/money/miami-take-new-yorks-place-financial-capital">Here's how you can invest in the city with as little as $500</a> before that happens.</li>
</ul>
Image Credit: Shutterstock

During the last three months, 14 analysts shared their evaluations of AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>), revealing diverse outlooks from bullish to bearish.
The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $208.36, a high estimate of $230.00, and a low estimate of $194.00. This upward trend is apparent, with the current average reflecting a 6.35% increase from the previous average price target of $195.92.
<img src="https://www.benzinga.com/files/images/story/2024/1718643625_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A comprehensive examination of how financial experts perceive AvalonBay Communities is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Anthony Paolone</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Neutral</td>
<td>$212.00</td>
<td>$194.00</td>
</tr>
<tr>
<td>James Feldman</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$210.00</td>
<td>$189.00</td>
</tr>
<tr>
<td>Vikram Malhotra</td>
<td>Mizuho</td>
<td>Raises</td>
<td>Neutral</td>
<td>$194.00</td>
<td>$185.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$207.00</td>
<td>$197.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$213.00</td>
<td>$193.00</td>
</tr>
<tr>
<td>Adam Kramer</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$209.00</td>
<td>$203.00</td>
</tr>
<tr>
<td>Brent Dilts</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$210.00</td>
<td>$199.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Announces</td>
<td>In-Line</td>
<td>$202.00</td>
<td>-</td>
</tr>
<tr>
<td>Jacob Kilstein</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$212.00</td>
<td>$188.00</td>
</tr>
<tr>
<td>Anthony Powell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$218.00</td>
<td>$204.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$196.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$230.00</td>
<td>$207.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$197.00</td>
<td>$201.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$207.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to AvalonBay Communities. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of AvalonBay Communities compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for AvalonBay Communities's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of AvalonBay Communities's market position. Stay informed and make well-informed decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AVB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AvalonBay Communities analyst ratings.</a>
<h2>Get to Know AvalonBay Communities Better</h2>
AvalonBay Communities owns a portfolio of 281 apartment communities with over 87,000 units and is developing 18 additional properties with over 6,200 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.
<h3>Understanding the Numbers: AvalonBay Communities's Finances</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: AvalonBay Communities's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 5.65%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 24.33%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): AvalonBay Communities's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.48% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.84%, the company showcases effective utilization of assets.
Debt Management: AvalonBay Communities's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.69.
<h2>The Basics of Analyst Ratings</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

In-Depth Examination Of 14 Analyst Recommendations For AvalonBay Communities

JP Morgan analyst Anthony Paolone maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a Neutral and raises the price target from $194 to $212.

JP Morgan Maintains Neutral on AvalonBay Communities, Raises Price Target to $212

Wells Fargo analyst James Feldman maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a Overweight and raises the price target from $189 to $210.

Wells Fargo Maintains Overweight on AvalonBay Communities, Raises Price Target to $210

Mizuho analyst Vikram Malhotra maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a Neutral and raises the price target from $185 to $194.

Mizuho Maintains Neutral on AvalonBay Communities, Raises Price Target to $194

AvalonBay Communities's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) short percent of float has fallen 13.16% since its last report. The company recently reported that it has 1.70 million shares sold short, which is 1.65% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.24 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>AvalonBay Communities Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1716992110_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AvalonBay Communities has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing AvalonBay Communities's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, AvalonBay Communities's peer group average for short interest as a percentage of float is 3.90%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(AVB) - Analyzing AvalonBay Communities's Short Interest

During the last three months, 14 analysts shared their evaluations of AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $205.61, a high estimate of $230.00, and a low estimate of $185.00. This upward trend is evident, with the current average reflecting a 5.04% increase from the previous average price target of $195.75.
<img src="https://www.benzinga.com/files/images/story/2024/1716559217_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
A clear picture of AvalonBay Communities's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$207.00</td>
<td>$197.00</td>
</tr>
<tr>
<td>Nicholas Yulico</td>
<td>Scotiabank</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$213.00</td>
<td>$193.00</td>
</tr>
<tr>
<td>Adam Kramer</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$209.00</td>
<td>$203.00</td>
</tr>
<tr>
<td>Brent Dilts</td>
<td>UBS</td>
<td>Raises</td>
<td>Neutral</td>
<td>$210.00</td>
<td>$199.00</td>
</tr>
<tr>
<td>Steve Sakwa</td>
<td>Evercore ISI Group</td>
<td>Announces</td>
<td>In-Line</td>
<td>$202.00</td>
<td>-</td>
</tr>
<tr>
<td>Jacob Kilstein</td>
<td>Argus Research</td>
<td>Raises</td>
<td>Buy</td>
<td>$212.00</td>
<td>$188.00</td>
</tr>
<tr>
<td>Anthony Powell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$218.00</td>
<td>$204.00</td>
</tr>
<tr>
<td>Brad Heffern</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Sector Perform</td>
<td>$196.00</td>
<td>$191.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Raises</td>
<td>Overweight</td>
<td>$230.00</td>
<td>$207.00</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$197.00</td>
<td>$201.00</td>
</tr>
<tr>
<td>Alexander Goldfarb</td>
<td>Piper Sandler</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$207.00</td>
<td>-</td>
</tr>
<tr>
<td>Michael Lewis</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$201.00</td>
<td>$203.00</td>
</tr>
<tr>
<td>Vikram Malhotra</td>
<td>Mizuho</td>
<td>Lowers</td>
<td>Neutral</td>
<td>$185.00</td>
<td>$188.00</td>
</tr>
<tr>
<td>Adam Kramer</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Overweight</td>
<td>$191.50</td>
<td>$175.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to AvalonBay Communities. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of AvalonBay Communities compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for AvalonBay Communities's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of AvalonBay Communities's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/AVB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AvalonBay Communities analyst ratings.</a>
<h2>All You Need to Know About AvalonBay Communities</h2>
AvalonBay Communities owns a portfolio of 281 apartment communities with over 87,000 units and is developing 18 additional properties with over 6,200 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.
<h3>AvalonBay Communities: Delving into Financials</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: AvalonBay Communities displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 5.65%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 24.33%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): AvalonBay Communities's ROE stands out, surpassing industry averages. With an impressive ROE of 1.48%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): AvalonBay Communities's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 0.84%, the company showcases efficient use of assets and strong financial health.
Debt Management: AvalonBay Communities's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.69.
<h2>The Significance of Analyst Ratings Explained</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings For AvalonBay Communities

Truist Securities analyst Michael Lewis maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a Hold and raises the price target from $197 to $207.

Truist Securities Maintains Hold on AvalonBay Communities, Raises Price Target to $207

Scotiabank analyst Nicholas Yulico maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a Sector Perform and raises the price target from $193 to $213.

Scotiabank Maintains Sector Perform on AvalonBay Communities, Raises Price Target to $213

Morgan Stanley analyst Adam Kramer maintains AvalonBay Communities (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) with a Overweight and raises the price target from $203 to $209.

Morgan Stanley Maintains Overweight on AvalonBay Communities, Raises Price Target to $209

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In a report released today, Adam Kramer from Morgan Stanley maintained a Buy rating on AvalonBay (AVB – Research Report), with a price target of $2...

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With attractive features like lower risk, regular income flow, professional management, and portfolio diversification, residential REITs offer a steady investment alternative to investors. Thus, it could be wise to watch sound residential REITs, AvalonBay Communities (AVB), Equity Residential (EQR), and Invitation Homes (INVH) amid rising housing demand. Continue reading... Residential REITs invest in a variety of properties unlike some REITs, which are constrained within one segment or one type of property. Some residential REITs also invest according to geographical market and offer wider diversification to investors and yield high returns.
Therefore, with the industry's tailwinds, it could be wise to watch fundamentally sound residential REITs AvalonBay Communities, Inc. (<a href="https://stocknews.com/stock/AVB/">AVB</a>), Equity Residential (<a href="https://stocknews.com/stock/EQR/">EQR</a>), and Invitation Homes Inc. (<a href="https://stocknews.com/stock/INVH/">INVH</a>) amid rising housing demand.
Real estate investment trusts (REITs) are often seen as a profitable investment alternate in times of market uncertainty and during inflationary periods due to their distinct resistance ability, and they offer stable income to the investors. Further, REITs also provide other benefits to investors in the long term.
<a href="https://www.reit.com/what-reit/reit-sectors/residential">Residential REITs</a> are among the popular REITs. They own and manage various forms of residences and rent space in those properties to tenants, and such REITs specialize in apartment buildings, student housing, manufactured homes and single-family homes.
Nearly 170 million Americans who live in households invest in REITs reflecting bright prospects of residential REITs. This is further backed by REITs' highly competitive total returns and comparatively low correlation with other assets making it suitable for diversification of portfolio.
Also, REITs reliable income returns in the form of dividend makes it a key attraction for investors looking for savings or funding retirement. Dividend payouts in REITs is high and regular due to the mandatory requirement to <a href="https://www.reit.com/investing/investment-benefits-reits/reits-and-dividend-income">distribute at least 90% of their taxable income</a> to shareholders as dividends.
In light of these encouraging trends, let's look at the fundamentals of the three best <a href="https://stocknews.com/category/reits-residential/">REITs - Residential</a>, beginning with number 3.
Stock #3: AvalonBay Communities, Inc. (<a href="https://stocknews.com/stock/AVB/">AVB</a>)
AVB develops, redevelops, acquires, owns and operates multifamily communities in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, and in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.
On May 17, AVB's Board of Directors declared a cash dividend on its Common Stock for the second quarter 2024 of $1.70 per share and was paid July 15, 2024, to all common stockholders of record as of June 28, 2024.
AVB pays an annual dividend of $6.80, which translates to a yield of 3.35% at the current share price. Its four-year average dividend yield is 3.42%. Also, the company's dividend payouts have increased at a CAGR of 2.3% over the past five years.
AVB's trailing-12-month EBIT margin of 32.56% is 51.2% higher than the respective industry average of 21.54%. Also, its net income margin of 33.81% is significantly higher than the industry average of 9.39%.
AVB's revenue and <a href="https://www.investopedia.com/terms/e/ebitda.asp">EBITDA</a> have grown at respective CAGRs of 7.9% and 8.8% over the past three years. The company's EBIT has increased 12.7% over the same timeframe, while its net income and EPS have improved at CAGRs of 6% and 5.5%, respectively.
During the first quarter ended March 31, 2024, AVB's total revenue increased 5.7% year-over-year to $712.86 million. Its net income grew 18.2% from the year-ago value to $173.56 million. Its FFO attributable to common stockholders was $387.80 million and $2.73 per common share, up 9.2% and 7.5% from the prior year's quarter.
According to the company's financial outlook, AVB expects its EPS between $1.60 and $1.70 and FFO per share between $2.59 and $2.69 for the second quarter. Also, for the full year, the company expects EPS of $6.98 - $7.38 and it expects FFO per share of $10.63 to $11.03.
Street expects AVB's revenue for the second quarter (ended June 2024) to increase 4.5% year-over-year to $718.95 million and its FFO is expected to grow 2.1% year-over-year to $2.72 for the same quarter. Further, the company has surpassed the consensus revenue estimates in all of the trailing four quarters.
AVB's shares have gained 12.8% over the past six months and 4.7% over the past year to close the last trading session at $203.21.
AVB's solid outlook is reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
The stock has a B grade for Stability. Within the <a href="https://stocknews.com/category/reits-residential/">REITs - Residential</a> industry, AVB is ranked #12 out of 20 stocks.
In addition to the POWR Ratings highlighted above, you can check AVB's ratings for Growth, Value, Sentiment, Quality, and Momentum <a href="https://stocknews.com/stock/AVB/">here</a>.
Stock #2: Equity Residential (<a href="https://stocknews.com/stock/EQR/">EQR</a>)
EQR focusses on the acquisition, development and management of residential properties located in and around dynamic cities that attract affluent long-term renters. Equity Residential owns or has investments in 305 properties consisting of 80,683 apartment units.
On June 21, EQR's Board of Trustees declared regular common share dividend for the second quarter of $0.675 per share paid on July 12, 2024 to shareholders of record on July 1, 2024. Also, a quarterly dividend of $1.03625 per share was paid on July 1, 2024 to shareholders of record on June 20, 2024 of the company's series K preferred shares.
EQR pays an annual dividend of $2.70, which translates to a yield of 3.97% at the current share price. Its four-year average dividend yield is 3.71%. Moreover, the company's dividend payouts have increased at a CAGR of 3.8% over the past five years.
EQR's trailing-12-month net income margin and EBIT margin of 31.70% and 30.73% are 237.5% and 42.7% higher than the respective industry averages of 9.39% and 21.54%. Likewise, the stock's trailing-12-month levered FCF margin of 44.38% is 32.2% higher than the industry average of 33.57%.
EQR's revenue and EBITDA have grown at respective CAGRs of 5.2% and 5.7% over the past three years. The company's EBIT has increased 8% over the same timeframe, and its net income and EPS have improved at CAGRs of 11.5% and 10.7%, respectively.
For the first quarter that ended March 31, 2024, EQR's rental income increased 3.6% year-over-year to $730.82 million. Its net income grew 38.6% from the year-ago value to $305.03 million. The company's FFO available to common shares and units came in at $338.42 million and $0.87, up 1.7% and 2.4% year-over-year, respectively.
Furthermore, the company's cash and cash equivalents and total assets stood at $44.53 million and $19.89 billion as of March 31, 2024.
Analysts expect EQR's revenue for the second quarter (ended June 2024) to increase 2.4% year-over-year to $734.61 million, while its FFO for the same quarter is expected to grow 1.9% year-over-year to $0.96. Furthermore, the company topped the consensus revenue estimates in three of the trailing four quarters.
Over the past month, the stock has surged 2.9% and 10.6% over the past six months to close the last trading session at $68.12.
EQR's strong prospects are reflected in its POWR Ratings. EQR has an A grade for Sentiment and a B for Stability. The stock is ranked #5 among 20 stocks within the REITs - Residential industry.
To see the other ratings of EQT for Growth, Momentum, Quality, and Value, <a href="https://stocknews.com/stock/EQR/">click here</a>.
Stock #1: Invitation Homes Inc. (<a href="https://stocknews.com/stock/INVH/">INVH</a>)
INVH operates as a home leasing and management company, catering to changing lifestyle demands by providing access to high-quality, updated homes with valued features like close proximity to jobs and access to good schools.
On June 14, INVH declared a quarterly cash dividend of $0.28 per share payable on shares of its common stock. The dividend will be paid on or before July 19, 2024, to stockholders of record of the company's common stock as of the close of business on June 27, 2024.
INVH pays an annual dividend of $1.12, which translates to a yield of 3.17% at the current share price. Its four-year average dividend yield is 2.44%. Moreover, the company's dividend payouts have increased at a CAGR of 28.6% over the past three years. INVH has raised its dividend for 6 consecutive years.
INVH's trailing-12-month EBIT margin and net income margin of 28% and 21.93% are 30% and 133.5% higher than the respective industry averages of 21.54% and 9.39%. Further, the stock's trailing-12-month levered FCF margin of 38.06% is favorable compared to the industry average of 33.57%.
INVH's revenue and EBITDA have grown at respective CAGRs of 10.1% and 9.7% over the past three years. The company's EBIT has increased 13% over the same timeframe, and its net income and EPS have improved at CAGRs of 38.5% and 34.7%, respectively.
For the first quarter that ended on March 31, 2024, INVH's total revenues increased 9.5% year-over-year to $646.04 million. The company's net income rose 18.4% from the year-ago value to $142.79 million. Its fund from operations came in at $266.78 million, up 4.5% from the prior year's quarter. Its AFFO per share was $0.41, indicating growth of 7.9% year-over-year.
Street expect INVH's revenue and FFO for the second quarter (ended June 2024) to increase 7.8% and 6.4% year-over-year to $647.19 million and $0.47, respectively. Furthermore, the company surpassed the consensus revenue estimates in each of the trailing four quarters, which is impressive.
INVH's stock has gained marginally over the past month and 5.2% over the past six months to close the last trading session at $35.32.
INVH's sound fundamentals are reflected in its POWR Ratings. The stock has an A grade for Sentiment and a B grade for Stability. Within the same industry, INVH is ranked #4 among the 20 stocks.
<a href="https://stocknews.com/stock/INVH/">Click here</a> to access additional ratings of INVH (Growth, Momentum, Quality, and Value).
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<hr />
AVB shares were trading at $205.26 per share on Tuesday afternoon, up $2.05 (+1.01%). Year-to-date, AVB has gained 11.60%, versus a 19.24% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/avb-eqr-invh-3-residential-reits-to-watch-amid-rising-housing-demand/>3 Residential REITs to Watch Amid Rising Housing Demand</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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Press Releases

AvalonBay Communities Announces 2024 Annual Meeting Details

AvalonBay Communities, Inc. Announces Participation in the 2024 Citi Global Property CEO Conference, Provides First Quarter 2024 Operating Update, and Publishes Updated Investor Presentation

AvalonBay Communities, Inc. Announces First Quarter 2024 Earnings Release Date

AvalonBay Communities, Inc. Announces First Quarter 2024 Operating Results and Second Quarter and Full Year 2024 Financial Outlook

AvalonBay Communities, Inc. Prices $400 Million Senior Notes Offering

AvalonBay Communities, Inc. Declares Second Quarter 2024 Dividends

AvalonBay Communities, Inc. Announces Participation in Nareit's REITweek Conference, Provides Second Quarter 2024 Operating Update, and Publishes Updated Investor Presentation

AvalonBay Communities, Inc. Announces New Executive Vice President for Portfolio and Asset Management

AvalonBay Communities, Inc. Announces Second Quarter 2024 Earnings Release Date

AvalonBay Communities, Inc. Issues Latest ESG Report

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This Managed Account Within The Rrl Ira Was Set Up Late 2020. At The Time I Received Guidance That Due To


Daniel GoldmanHouse (D-NY)	$50K - $100K	stock	Sale	Aug 13, 2023	Jul 12, 2023	House
Daniel GoldmanHouse (D-NY)	$15K - $50K	stock	Purchase	Apr 17, 2023	Mar 06, 2023	House
Rick LarsenHouse (D-WA)	$1K - $15K	stock	Sale	May 26, 2023	Jul 06, 2022	House

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