Barclays raised the firm’s price target on AvalonBay (AVB) to $227 from $226 and keeps an Equal Weight rating on the shares as part of a Q1 preview for the residential real estate investment trust group. The firm cut funds from operations estimates across the board on a diminished economic outlook.
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Read More on AVB:
- AvalonBay downgraded to Market Perform from Outperform at BMO Capital
- AvalonBay price target raised to $230 from $229 at Truist
- DJ AvalonBay to buy six Dallas communities for $431.5M
- AvalonBay price target lowered to $238 from $242 at Mizuho
- AvalonBay price target lowered to $226 from $230 at Barclays