BMO Capital Initiates AvalonBay Communities At Outperform

BMO Capital initiated coverage on

with a Outperform rating. The target price for AvalonBay Communities is set to $192. AvalonBay Communities shares have gained 29.45% over the past 52 weeks, while the S&P 500 index has surged 10.90% in the same period. AvalonBay Communities' shares fell 1.83% to close at $172.59 yesterday.