RBC Capital Maintains Sector Perform Rating for AvalonBay Communities with Lowered Price Target

RBC Capital maintains a "Sector Perform" rating for AvalonBay Communities (AVB) and lowers the price target from $191.00 to $187.00, a 2.09% decrease. The company owns a portfolio of 295 apartment communities with almost 90,000 units and is developing 20 additional properties with approximately 7,300 units. The average target price for AVB is $197.19, indicating a 15.45% upside from the current price.