Piper Sandler lowered the firm’s price target on AvalonBay (AVB) to $190 from $200 and keeps a Neutral rating on the shares. With Q3 halfway done, the firm’s pre-earnings views have largely been affirmed. Shopping centers firm into 2026, while Apartments confirmed the weakening fundamentals that were much discussed since late summer, causing Piper to temper its earnings outlook for 2026. Fund flows remain the central issue for the REITs as AI is consuming all the oxygen in the proverbial investment room, reminding the firm of the dot.com run up in the late 1990s, when REITs too lagged.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AVB:
- AvalonBay Communities Balances Optimism with Caution in Earnings Call
- AvalonBay Communities Reports Steady Q3 2025 Growth
- Mixed Signals Lead to Hold Rating for AvalonBay Amid Strong Buybacks and Disappointing Q3 Results
- AvalonBay reports Q3 core FFO $2.75, consensus $2.81
- AvalonBay sees Q4 core FFO $2.80-$2.90, consensus $2.91