Piper Sandler last night downgraded AvalonBay (AVB) to Neutral from Overweight with a price target of $200, down from $255. The Q2 earnings reports in real estate thus far has shown weaker fundamentals for apartments, the analyst tells investors in a research note. The firm says Friday’s job report provided insight into why new apartment rents have been slower this peak leasing season. It cites the outlook for apartments and its reduced estimates for the downgrade.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVB:
- AvalonBay downgraded to Neutral from Overweight at Piper Sandler
- AvalonBay Communities’ Earnings Call: Achievements and Challenges
- AvalonBay price target lowered to $211 from $216 at RBC Capital
- AvalonBay Communities Reports Steady Q2 2025 Growth
- AvalonBay’s Mixed Performance: Strong Q2 Yet Cautious Outlook Justifies Hold Rating