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Despite strong earnings, AvalonBay Communities sees a major stock downgrade to "sell."
Wealth Enhancement Advisory Services sold 592 shares of AvalonBay Communities, while Mirae Asset Global Investments bought 16,694 shares.
AvalonBay reported a strong quarter with earnings of $2.83 per share, beating estimates by $0.03, and declared a quarterly dividend of $1.75.
Despite its strong earnings, Wall Street Zen downgraded AvalonBay from "hold" to "sell."
The company has a market cap of $28.97 billion and a consensus price target of $235.86.
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A pesar de las fuertes ganancias, AvalonBay Communities ve una importante rebaja de acciones a "vender".