Truist Lowers AvalonBay Price Target to $205 While Maintaining Buy Rating
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
0mins
Should l Buy AVB?
Truist analyst Michael Lewis lowered the firm's price target on AvalonBay to $205 from $218 and keeps a Buy rating on the shares. Apartment fundamentals appear to be softening a little more into year-end than previously expected, and the firm is forecasting more conservative 2026 same-store revenue growth across its apartment REIT coverage universe, the analyst tells investors in a research note. Truist adds however that it is still projecting positive same-store revenue and net operating income growth for AvalonBay this year and next.
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Analyst Views on AVB
Wall Street analysts forecast AVB stock price to rise
16 Analyst Rating
6 Buy
10 Hold
0 Sell
Moderate Buy
Current: 165.240
Low
176.90
Averages
200.71
High
222.50
Current: 165.240
Low
176.90
Averages
200.71
High
222.50
About AVB
AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company develops, redevelops, acquires and manages apartment communities in metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. The Company focuses on metropolitan areas in these regions. The Company's segments include Same Store, Other Stabilized and Development/Redevelopment. The Company owns or holds a direct or indirect ownership interest in operating apartment communities containing apartment homes in 11 states and the District of Columbia. The Company operates under four core brands, which include Avalon, AVA, eaves by Avalon, and Kanso. Its core Avalon brand focuses on upscale apartment living and high-end amenities and services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Commercial Property Value Fluctuations: The Green Street Commercial Property Price Index shows that commercial real estate values fell 22% from their peak in April 2022, and while currently in a slow U-shaped recovery, this presents an attractive entry point for investors.
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See More
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- Average Discount Insights: The average rent discount in January was 10.7%, equivalent to about five weeks of free rent, which, while consistent with Q4 2025 averages, is slightly higher than October's figures, reflecting ongoing tenant demand for concessions.
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- Leadership Background: Prior to AvalonBay, Schall led Seritage Growth Properties' national mixed-use and retail redevelopment platform, demonstrating his capability in managing large, diversified real estate portfolios.
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See More
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- Government Acquisition Trend: The U.S. Immigration and Customs Enforcement (ICE) is bypassing traditional leasing models by directly purchasing warehouse properties for immigrant detention centers, acquiring a $102.4 million warehouse in Maryland and a $70 million property in Arizona in January, indicating a new role for government in the real estate market.
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