Mizuho Maintains Neutral Rating for AvalonBay Communities: Here's What You Need To Know

Mizuho has decided to maintain its Neutral rating of AvalonBay Communities AVB and lower its price target from $188.00 to $185.00.

Shares of AvalonBay Communities are trading up 0.0% over the last 24 hours, at $174.37 per share.

A move to $185.00 would account for a 6.1% increase from the current share price.

About AvalonBay Communities

AvalonBay Communities owns a portfolio of 276 apartment communities with over 82,000 units and is developing 18 additional properties with over 5,700 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.

About Analyst Ratings

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.