AvalonBay Communities, Inc.

AVB

US0534841012

Residential REITs

Market Closed - Nyse Other stock markets 01:30:02 22/06/2024 am IST			5-day change	1st Jan Change
203.9 ^USD	+0.97%		+0.99%	+8.90%

20/06	Jefferies Adjusts Price Target on AvalonBay Communities to $210 From $198	MT
17/06	JPMorgan Adjusts Price Target on AvalonBay Communities to $212 From $194	MT

Prime Residential acquired AVA North Hollywood in the NoHo Arts District of Los Angeles, California from AvalonBay Communities, Inc. for $61.3 million.

June 03, 2024

Prime Residential acquired AVA North Hollywood in the NoHo Arts District of Los Angeles, California from AvalonBay Communities, Inc. (NYSE:AVB) for $61.3 million on June 3, 2024. The $62.1 million sales price represents $393,077 per unit. Institutional Property Advisors Brokers the deal. Kevin Green, Joseph Grabiec and Gregory Harris of Institutional Property Advisors represented the seller, AvalonBay Communities Inc., and procured the buyer, Prime Residential.

Prime Residential completed the acquisition of AVA North Hollywood in the NoHo Arts District of Los Angeles, California from AvalonBay Communities, Inc. (NYSE:AVB) on June 3, 2024.

Latest news about AvalonBay Communities, Inc.

Jefferies Adjusts Price Target on AvalonBay Communities to $210 From $198	20/06	MT
JPMorgan Adjusts Price Target on AvalonBay Communities to $212 From $194	17/06	MT
Evercore ISI Adjusts Price Target on AvalonBay Communities to $205 From $202	10/06	MT
AvalonBay Communities, Inc. Appoints Pamela R. Thomas as Executive Vice President for Portfolio and Asset Management	06/06	CI
BMO Capital Adjusts Price Target on AvalonBay Communities to $205 From $200, Keeps Outperform Rating	03/06	MT
Prime Residential acquired AVA North Hollywood in the NoHo Arts District of Los Angeles, California from AvalonBay Communities, Inc. for $61.3 million.	03/06	CI
Wells Fargo Adjusts Price Target on AvalonBay Communities to $210 From $189	31/05	MT
Mizuho Securities Raises AvalonBay Communities Price Target to $194 From $185	30/05	MT
Truist Securities Adjusts Price Target on AvalonBay Communities to $207 From $197	24/05	MT
Janney Adjusts Price Target on AvalonBay Communities to $209 From $201	22/05	MT
AvalonBay Communities Keeps Quarterly Dividend at $1.70 a Share, Payable July 15 to Holders of Record June 28	17/05	MT
Avalonbay Communities, Inc. Declares Cash Dividend for the Second Quarter of 2024, Payable on July 15, 2024	17/05	CI
Apartment REITs Are Best Performing Subsector, Morgan Stanley Says	14/05	MT
UBS Raises AvalonBay Communities' Price Target to $210 From $199, Maintains Neutral Rating	14/05	MT
Scotiabank Adjusts Price Target on AvalonBay Communities to $213 From $193	14/05	MT
Morgan Stanley Raises Price Target on AvalonBay Communities to $209 From $203, Maintains Overweight Rating	14/05	MT
Scotiabank Adjusts AvalonBay Communities Price Target to $213 From $193	14/05	MT
The momentum keeps going	13/05
ANALYST RECOMMENDATIONS : Cisco, Delta Air Lines, Mastercard, Visa, Anglo American...	13/05
Evercore ISI Downgrades AvalonBay Communities to In-Line From Outperform, Price Target is $202	13/05	MT
Morgan Stanley Adjusts Price Target on AvalonBay Communities to $203 From $191.50	02/05	MT
Argus Adjusts AvalonBay Communities' Price Target to $212 From $188	30/04	MT
Barclays Adjusts Price Target on AvalonBay Communities to $218 From $204, Maintains Overweight Rating	29/04	MT
RBC Adjusts AvalonBay Communities' Price Target to $196 From $191, Keeps Sector Perform Rating	29/04	MT
Piper Sandler Adjusts AvalonBay Communities Price Target to $230 From $207	29/04	MT

Chart AvalonBay Communities, Inc.

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Company Profile

AvalonBay Communities, Inc. is a real estate investment trust specialized in the development, acquisition, ownership and operation of apartment communities in high barrier-to-entry markets of the United States. At the end of January 2024, the group owned 279 operating apartment communities containing 83 655 apartment homes, of which 19 communities with 6,539 apartment homes were under development.

Sector

Residential REITs

Calendar

28/06/2024 - Détachement de

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S&P 500

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Ratings for AvalonBay Communities, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

203.9 USD

Average target price

208.5 USD

Spread / Average Target

+2.26%

Consensus

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Sector Residential REITs

	1st Jan change	Capi.
AVALONBAY COMMUNITIES, INC.	+8.90%	28.95B
EQUITY RESIDENTIAL	+11.69%	25.89B
INVITATION HOMES INC.	+3.84%	21.7B
ESSEX PROPERTY TRUST, INC.	+12.21%	17.86B
MID-AMERICA APARTMENT COMMUNITY, INC.	+4.83%	16.47B
SUN COMMUNITIES, INC.	-12.07%	14.65B
UDR INC.	+6.35%	13.41B
AMERICAN HOMES 4 RENT	+1.08%	13.32B
EQUITY LIFESTYLE PROPERTIES, INC.	-8.79%	12B
CAMDEN PROPERTY TRUST	+10.48%	11.69B

Residential REITs

AvalonBay Communities, Inc.

Equities

AVB

US0534841012

Residential REITs

Prime Residential acquired AVA North Hollywood in the NoHo Arts District of Los Angeles, California from AvalonBay Communities, Inc. for $61.3 million.

EPS Revisions