Piper Sandler lowered the firm’s price target on AvalonBay (AVB) to $265 from $270 and keeps an Overweight rating on the shares. The firm is also lowering its 2025 of FFO by 12c to $11.44 and reducing its 2026 by 12c to $12.11. Piper’s revised outlook incorporates Q4 results, assumes continued growth via developments, and 4M shares settle in Q4 2025 from 2024 forward equity issuances.
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Read More on AVB:
- AvalonBay Communities Earnings Call: Growth Amid Challenges
- AvalonBay Communities Reports Strong 2024 Financial Results
- AvalonBay’s Promising 2025 Outlook Justifies Buy Rating Amid Previous Quarter Challenges
- AvalonBay’s Strong Growth Prospects and Strategic Focus Justify Buy Rating
- AvalonBay reports Q4 core FFO $2.80, consensus $2.83
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