Fly News Breaks for November 8, 2019
Nov 8, 2019 | 05:06 EDT
Goldman Sachs analyst Richard Skidmore initiated coverage of AvalonBay with a Buy rating and $244 price target. The analyst started 10 residential real estate investment trusts. Favorable demographic trends, limited disruption threat and strong cash and dividend characteristics drive his positive long-term view of the sector. Skidmore forecasts annual funds from operations growth of 6.8% through 2022 for AvalonBay.
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