RBC Capital lowered the firm’s price target on AvalonBay (AVB) to $211 from $216 and keeps a Sector Perform rating on the shares after its Q2 results and guidance. Investors looking for a guidance raise from AvalonBay were disappointed as weaker employment growth and underperformance in D.C./L.A. have moderated the normal seasonal rent curve, the analyst tells investors in a research note. Guidance for development net operating income was also decreased given some delayed deliveries and difficult lease ups, RBC added.
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- AvalonBay Communities Reports Steady Q2 2025 Growth
- AvalonBay’s Mixed Performance: Strong Q2 Yet Cautious Outlook Justifies Hold Rating
- AvalonBay reports Q2 core FFO $2.82, consensus $2.80
- AvalonBay sees Q3 core FFO $2.75-$2.85, consensus $2.86
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