News articles about AvalonBay Communities (NYSE:AVB) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. AvalonBay Communities earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.9905829686202 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
AVB has been the topic of a number of analyst reports. Jefferies Group LLC reiterated a “hold” rating and issued a $196.00 price target on shares of AvalonBay Communities in a research report on Tuesday, July 4th. BidaskClub downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada reiterated a “buy” rating and issued a $203.00 price target on shares of AvalonBay Communities in a research report on Sunday, July 16th. Barclays PLC increased their price target on shares of AvalonBay Communities from $188.00 to $189.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 18th. Finally, BMO Capital Markets restated a “hold” rating and set a $191.00 target price on shares of AvalonBay Communities in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $196.00.
AvalonBay Communities (NYSE AVB) opened at 181.65 on Friday. The company has a 50 day moving average of $181.02 and a 200 day moving average of $188.21. The company has a market capitalization of $25.02 billion, a PE ratio of 25.02 and a beta of 0.36. AvalonBay Communities has a 1-year low of $158.32 and a 1-year high of $199.52.
AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.14 by ($0.05). AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. The company had revenue of $530.51 million for the quarter, compared to the consensus estimate of $529.48 million. During the same period in the prior year, the firm posted $2.03 EPS. On average, analysts predict that AvalonBay Communities will post $5.27 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, September 28th. AvalonBay Communities’s dividend payout ratio is presently 78.13%.
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AvalonBay Communities Company Profile
AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.
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