Goldman Sachs Maintains Buy on AvalonBay Communities

Goldman Sachs is out with its report today on AvalonBay Communities (NYSE: AVB), maintaining Buy.

In a note to clients, Goldman Sachs writes, "We retain our Buy rating given positive relative growth versus the REIT sector and AVB's long track record of NAV growth via development. Estimates and price target are unchanged."

Goldman Sachs maintains a $130 PT on AVB.

Shares of AVB closed Wednesday at $127.85.