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Fly News Breaks for November 2, 2018
AVB
Nov 2, 2018 | 07:59 EDT
As reported earlier, BMO Capital analyst John Kim upgraded AvalonBay to Outperform from Market Perform and raised his price target to $195 from $188. The analyst notes the REIT's fundamentals remaining strong for its apartment portfolio amid "rising lease growth rates and development yields, lower turnover rates, and low cap rates". Kim also cites AvalonBay's significant progress made on its development project in Columbus Circle.
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