Fintel reports that on December 17, 2024, JP Morgan upgraded their outlook for AvalonBay Communities (NYSE:AVB) from Neutral to Overweight.
Analyst Price Forecast Suggests 6.66% Upside
As of December 3, 2024, the average one-year price target for AvalonBay Communities is $242.65/share. The forecasts range from a low of $222.20 to a high of $283.50. The average price target represents an increase of 6.66% from its latest reported closing price of $227.50 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for AvalonBay Communities is 2,948MM, an increase of 0.75%. The projected annual non-GAAP EPS is 5.55.
What is the Fund Sentiment?
There are 1,545 funds or institutions reporting positions in AvalonBay Communities. This is an increase of 72 owner(s) or 4.89% in the last quarter. Average portfolio weight of all funds dedicated to AVB is 0.46%, an increase of 9.84%. Total shares owned by institutions increased in the last three months by 1.71% to 148,080K shares. 
The put/call ratio of AVB is 2.56, indicating a bearish outlook.
What are Other Shareholders Doing?
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 5,688K shares representing 4.00% ownership of the company. In its prior filing, the firm reported owning 5,800K shares , representing a decrease of 1.95%. The firm decreased its portfolio allocation in AVB by 5.53% over the last quarter.
Principal Financial Group holds 4,563K shares representing 3.21% ownership of the company. In its prior filing, the firm reported owning 4,744K shares , representing a decrease of 3.97%. The firm decreased its portfolio allocation in AVB by 55.12% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 4,504K shares representing 3.17% ownership of the company. In its prior filing, the firm reported owning 4,481K shares , representing an increase of 0.49%. The firm increased its portfolio allocation in AVB by 2.77% over the last quarter.
Jpmorgan Chase holds 4,060K shares representing 2.86% ownership of the company. In its prior filing, the firm reported owning 4,005K shares , representing an increase of 1.37%. The firm decreased its portfolio allocation in AVB by 93.10% over the last quarter.
Price T Rowe Associates holds 3,815K shares representing 2.69% ownership of the company. In its prior filing, the firm reported owning 4,144K shares , representing a decrease of 8.62%. The firm decreased its portfolio allocation in AVB by 3.56% over the last quarter.
Avalonbay Communities Background Information
(This description is provided by the company.)
The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets consisting of Southeast Florida and Denver, Colorado.
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