Technical Insights on AvalonBay Communities, Inc. (NYSE:AVB)

[EDGAR] AvalonBay Communities, Inc. (NYSE:AVB)(TREND ANALYSIS), With the addition of two new independent directors to the Board of AvalonBay Communties, Inc. (the “Company”) in the last year, Bruce Choate and the Board decided on March 3, 2015, after review and consultation, that Mr. Choate will not stand for re-election at the upcoming 2015 Annual Meeting of Shareholders. Mr. Choate has been a director of the Company for over 20 years, since the initial public offering of the Company. He has served, at various times, on the Audit, Compensation, Investment and Finance, and Nominating and Corporate Governance committees of the Board. Mr. Choate has been and continues to be a valued member of the Board, and the decision that he not stand for re-election was based on a review of the composition and succession plan of the Board and not on any disagreement with Mr. Choate. Mr. Choate will continue to serve on the Board through the date of the 2015 Annual Meeting, and the Company’s Board expects to nominate for re-election to the Board all other current directors.

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AVB is expected to report next quarter earnings on April 22. The Residential REITs company’s earnings per share consensus Street estimate stands at $1.83.

AvalonBay Communities, Inc. (NYSE:AVB) is currently trading 3.12% below its 52-week-high, 37.18% above its 52-week-low. The 12-months range for the stock is $128.05 – $181.32. AvalonBay Communities, Inc. (AVB) has a price to earnings ratio of 33.72 versus S&P 500 average of 17.42. AVB stock price has outperformed the S&P 500 by 6%. The Residential REITs company is currently valued at $23.2 billion and its share price closed the last trading session at $175.66. The stock has a 50-day moving average of $170.78 and a 200-day moving average of $161.14.

AvalonBay Communities, Inc. (AVB) current short interest stands at 4.05 million shares. It has decreased by 10% from the same period of last month. Around 4% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.87 million shares, the number of days required to cover the short positions stand at 4.7 days.

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There are currently twenty-two analysts that cover AVB stock. Of those twenty-two, eleven have a Buy rating, ten have a Hold rating and one has a Sell rating. On a consensus basis this yields to a Overweight rating. The consensus target price stands at $181.34.

A recent analyst activity consisted of Mizuho reiterating their Neutral stance on January 30. Mizuho increased their price target on AVB from $164 to $170. This corresponds to a 3.22% downside from the last closing price. On the date of report, the stock closed at $172.99.

RBC Capital Mkts reiterated their Outperform stance on October 29, and increased their price target on AVB from $164 to $168. This corresponds to a 4.36% downside from the last closing price. On the date of report, the stock closed at $151.34.

Company profile

AvalonBay Communities, Inc. is a real estate investment trust. The company develops, redevelops, acquires, owns and operates multifamily communities in the United States.

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