AvalonBay Communities, Inc. (AVB), a residential REIT with a market cap of $25.1 billion, has seen its shares decline by 22.9% over the past 52 weeks, while the S&P 500 has gained 12.1%. In Q3, AVB’s core FFO per share of $2.75 missed consensus estimates by 2.1%, causing shares to plunge 4.3%. Analysts expect FFO per share to grow 2.2% year over year to $11.25 for the current fiscal year. The consensus rating is a “Moderate Buy,” with a mean price target of $206.99, representing a 17% premium from current levels. Evercore analyst Steve Sakwa maintains a “Hold” rating with a price target of $204.

Read more at Barchart: Are Wall Street Analysts Predicting AvalonBay Communities Stock Will Climb or Sink?