Truist Financial increased the AvalonBay Communities price target to $207.00. AvalonBay's Q1 FFO and Revenues exceeded estimates, and its shares are up 15.4% YTD. The firm continues to attract new share purchases from various groups, including UBS Group AG and Dai ichi Life Insurance Company. Some companies, such as Corient Private Wealth LLC and Quadrant Capital Group LLC, are gradually reducing their stakes. The company has received a buy rating and increased price targets from multiple sources, including upgrades to $213.00 and $209.00. Following strong Q1 2024 earnings, which exceeded expectations, and the declaration of second quarter dividends, AvalonBay's price target has been further raised to $218.00. Despite an overall positive outlook, there are some concerns noted, such as the CFO selling 5,000 shares and Evercore ISI lowering AvalonBay's stock rating.
Avalonbay Communities AVB News Analytics from Fri, 19 Aug 2022 07:00:00 GMT to Sun, 26 May 2024 18:11:42 GMT -
Rating 7
- Innovation -3
- Information 8
- Rumor -3
