Avalonbay Communities Inc. (AVB)

[Soapy Bubbles]

PRICE TARGET CHANGES: FRIEDMAN, BILLINGS & RAMSEY

Last Update: 5/21/2009 9:21:12 AM

Friedman, Billings & Ramsey issued the following share price target changes on
Wednesday:



Company Name Symbol New Trg Old Trg Current Time Span

INCREASE:

NewAlliance Bancshrs NAL $13.00 $12.00 $12.31 12 Months
Talbots TLB $4.00 $2.00 $3.18 12 Months
AMB Property AMB $16.00 $14.00 $17.72 12 Months
AvalonBay Communities AVB $55.50 $48.00 $54.95 12 Months
Duke Realty DRE $7.00 $5.00 $9.00 12 Months
EastGroup Ppties EGP $31.00 $29.00 $33.00 12 Months
Equity Residential EQR $19.50 $15.50 $22.97 12 Months
Kilroy Realty KRC $24.00 $19.50 $21.24 12 Months
Corporate Office Ppties OFC $35.00 $27.00 $29.13 12 Months
ProLogis PLD $9.50 $6.50 $8.10 12 Months
UDR UDR $10.00 $7.50 $10.15 12 Months
Washington REIT WRE $20.50 $15.50 $21.08 12 Months
Tween Brands TWB $4.00 $2.00 $4.21 12 Months
AnnTaylor Stores ANN $8.00 $7.00 $7.97 12 Months

DECREASE:

Home Depot HD $25.00 $30.00 $23.83 12 Months
BioMed Realty Trust BMR $13.00 $14.00 $10.34 12 Months
Boston Properties BXP $51.00 $39.00 $46.74 12 Months
Douglas Emmett DEI $7.00 $7.50 $9.07 12 Months
Highwoods Ppties HIW $21.50 $22.00 $22.79 12 Months




(END) Dow Jones Newswires

May 21, 2009 09:21 ET (13:21 GMT)