Downgrades Outperform Neutral X

AVB AvalonBay

Mizuho

$199

Upgrades Eq-Weight Overweight X

AVB AvalonBay

Morgan Stanley

$225

Downgrades Overweight Neutral X

AVB AvalonBay

Piper Sandler

$200

Downgrades Outperform Mkt Perform X

AVB AvalonBay

BMO Capital Markets

$220

Downgrades Overweight Eq-Weight X

AVB AvalonBay

Morgan Stanley

$236 $223

Upgrades Neutral Outperform X

AVB AvalonBay

Mizuho

$239 $242

Initiated Equal Weight X

AVB AvalonBay

Barclays

$243

Upgrades Neutral Overweight X

AVB AvalonBay

JP Morgan

$247 $262

Initiated Outperform X

AVB AvalonBay

Exane BNP Paribas

$250

Downgrades Outperform In-line X

AVB AvalonBay

Evercore ISI

$202

Upgrades Eq-Weight Overweight X

AVB AvalonBay

Morgan Stanley

$175 $191.50

Resumed Neutral X

AVB AvalonBay

Goldman

$191

Upgrades Eq Weight Overweight X

AVB AvalonBay

Barclays

$194 $204

Initiated Buy X

AVB AvalonBay

Deutsche Bank

$206

Downgrades Buy Hold X

AVB AvalonBay

Truist

$202 $203

Downgrades Overweight Sec Weight X

AVB AvalonBay

KeyBanc Capital Markets

Downgrades Outperform Peer Perform X

AVB AvalonBay

Wolfe Research

Upgrades Underweight Neutral X

AVB AvalonBay

JP Morgan

$201 $194

Upgrades Neutral Overweight X

AVB AvalonBay

Piper Sandler

$197 $194

Initiated Neutral X

AVB AvalonBay

Wedbush

$179

Upgrades Neutral Buy X

AVB AvalonBay

Colliers Securities

$202

Upgrades Neutral Buy X

AVB AvalonBay

BofA Securities

$199 $212

Upgrades Underweight Neutral X

AVB AvalonBay

Piper Sandler

$160 $193

Upgrades In-line Outperform X

AVB AvalonBay

Evercore ISI

$194

Initiated Overweight X

AVB AvalonBay

Wells Fargo

$184

Upgrades Hold Buy X

AVB AvalonBay

Truist

$186 $190

Downgrades Buy Hold X

AVB AvalonBay

Deutsche Bank

$194 $179

Downgrades Neutral Underweight X

AVB AvalonBay

JP Morgan

$206 $197

Downgrades Buy Neutral X

AVB AvalonBay

Goldman

$197 $187

Downgrades Overweight Eq-Weight X

AVB AvalonBay

Morgan Stanley

$225 $187

Downgrades Buy Neutral X

AVB AvalonBay

Mizuho

$220 $170

Downgrades Neutral Underweight X

AVB AvalonBay

Piper Sandler

$189 $160

Resumed Hold X

AVB AvalonBay

Jefferies

$196 $190

Upgrades Peer Perform Outperform X

AVB AvalonBay

Wolfe Research

Initiated Neutral X

AVB AvalonBay

Credit Suisse

$208

Upgrades Underweight Overweight X

AVB AvalonBay

Barclays

$225 $263

Upgrades Hold Buy X

AVB AvalonBay

Deutsche Bank

$285

Upgrades Mkt Perform Outperform X

AVB AvalonBay

BMO Capital Markets

$285

Upgrades Eq-Weight Overweight X

AVB AvalonBay

Morgan Stanley

$265

Initiated Peer Perform X

AVB AvalonBay

Wolfe Research

$238

Downgrades Outperform In-line X

AVB AvalonBay

Evercore ISI

Downgrades Buy Hold X

AVB AvalonBay

Truist

Upgrades Neutral Buy X

AVB AvalonBay

Mizuho

$231

Upgrades In-line Outperform X

AVB AvalonBay

Evercore ISI

Upgrades Underweight Neutral X

AVB AvalonBay

Piper Sandler

$147 $205

Initiated Sector Perform X

AVB AvalonBay

RBC Capital Mkts

$193

Downgrades Hold Sell X

AVB AvalonBay

Deutsche Bank

$160 $162

Upgrades Sec Weight Overweight X

AVB AvalonBay

KeyBanc Capital Markets

Upgrades Neutral Outperform X

AVB AvalonBay

Robert W. Baird

$198 $215

Downgrades Buy Neutral X

AVB AvalonBay

Mizuho

$210

Downgrades Buy Neutral X

AVB AvalonBay

Citigroup

Upgrades Sec Weight Overweight X

AVB AvalonBay

KeyBanc Capital Mkts

Upgrades Neutral Buy X

AVB AvalonBay

BTIG Research

Upgrades Mkt Perform Outperform X

AVB AvalonBay

BMO Capital Markets

$188 $195

Downgrades Outperform In-line X

AVB AvalonBay

Evercore ISI

Downgrades Outperform Neutral X

AVB AvalonBay

Robert W. Baird

Reiterated Buy X

AVB AvalonBay

Stifel

$180 $195

Downgrades Buy Neutral X

AVB AvalonBay

BTIG Research

Reiterated Buy X

AVB AvalonBay

Stifel

$185 $180

Upgrades Neutral Buy X

AVB AvalonBay

Citigroup

Downgrades Buy Neutral X

AVB AvalonBay

BofA/Merrill

Downgrades Buy Hold X

AVB AvalonBay

Sandler O’Neill

AVB  AvalonBay Communities, Inc.

AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. Its segments include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. As of June 30, 2017, the Company owned or held a direct or indirect ownership interest in 287 apartment communities containing 83,123 apartment homes in 10 states and the District of Columbia, of which 23 communities were under development and nine communities were under redevelopment. It operates its apartment communities under three core brands: Avalon, AVA and Eaves by Avalon. Its real estate investments consist of operating apartment communities, communities in various stages of development (Development Communities) and Development Rights.