AvalonBay Communities (AVB) PT Lifted to $193 at Credit Suisse

Credit Suisse analyst I. Weissman raised its price target on AvalonBay Communities (NYSE: AVB) to $193.00 (from $185.00) following Q2 results but maintained a Neutral rating.

Weissman commented, "Key Takeaways About the Quarter: Portfolio rent growth accelerated in every market with rate increasing by an average of 70bps. The company grew the size of its shadow and in-process development pipeline to nearly $6.5B. We note that several of its recent starts have been located in secondary cities as AVB seeks to maintain its strong stabilized yields."

For an analyst ratings summary and ratings history on AvalonBay Communities click here. For more ratings news on AvalonBay Communities click here.

Shares of AvalonBay Communities closed at $168.61 yesterday.

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