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Bank of America Corp. downgraded AvalonBay Communities Inc (NYSE:AVB) to Neutral in a report released today.

Having a price of $162.40, AvalonBay Communities Inc (NYSE:AVB) traded 0.29% higher on the day. With the last stock price down -8.50% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.03% over the same period. AVB has recorded a 50-day average of $167.34 and a two hundred day average of $175.85. Trade Volume was down over the average, with 425,551 shares of AVB changing hands under the typical 834,845

Bank of America Corp. has downgraded AvalonBay Communities Inc (NYSE:AVB) to Neutral in a statement released on 11/23/2016.

On 3/07/2016, BMO Capital Markets released a statement about AvalonBay Communities Inc (NYSE:AVB) upped the target price from $189.00 to $190.00 that suggested an upside of 0.06%.

Recent Performance Chart

AvalonBay Communities Inc (NYSE:AVB)

AvalonBay Communities Inc has PE ratio of 23.34 with a one year low of $158.32 and a one year high of $192.29 and has a market capitalization of $0.

A total of 22 brokerages have issued a ratings update on AvalonBay Communities Inc. Five brokerages rating the company a strong buy, nine equity analysts rating the company a buy, nine equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $195.23.

Brief Synopsis About AvalonBay Communities Inc (NYSE:AVB)

AvalonBay Communities, Inc. is a real estate investment trust. The Company focuses on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. It operates through segments, which include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. It owns or holds an interest in approximately 260 operating apartment communities containing over 75,380 apartment homes in approximately 10 states and the District of Columbia, of which over 10 communities containing approximately 3,430 apartment homes are under reconstruction. It operates its apartment communities under three core brands: Avalon, AVA and Eaves by Avalon. The real estate investments consist of operating apartment communities, communities in various stages of development and Development Rights.

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