BTIG analyst James Sullivan upgraded AvalonBay (AVB) to Buy from Neutral with a price target of $216 as part of his broader research note on Apartment REITS, saying that the performance of the sector was very positive in Q3 with accelerating rent and same store net operating income growth. The analyst anticipates these trends to continue in 2019, modeling a SSNOI growth of 3.3% and FFO growth of 4.4%. As part of his research note, Sullivan also raises his price targets on the Buy-rated Camden Property (CPT) to $102 from $101 and Essex Property Trust (ESS) to $290 from $262.