AvalonBay Communities, Inc. (NYSE:AVB) has received a consensus rating of “Hold” from the nineteen analysts that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $200.71.
Several research firms have recently issued reports on AVB. Zacks Investment Research raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. BMO Capital Markets reaffirmed a “hold” rating and set a $190.00 price target on shares of AvalonBay Communities in a research note on Monday, November 27th. Evercore ISI raised shares of AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 price target for the company in a research note on Monday, September 25th. KeyCorp reaffirmed a “hold” rating on shares of AvalonBay Communities in a research note on Sunday, September 24th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $209.00 price target on shares of AvalonBay Communities in a research note on Friday, September 1st.
Shares of AvalonBay Communities (AVB) traded up $0.59 during trading hours on Monday, reaching $182.81. 576,188 shares of the company traded hands, compared to its average volume of 674,982. The company has a market cap of $25,170.00, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 2.86 and a beta of 0.35. AvalonBay Communities has a fifty-two week low of $168.30 and a fifty-two week high of $199.52. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.10 and a current ratio of 0.10.
AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.17 by ($0.45). The business had revenue of $550.50 million for the quarter, compared to the consensus estimate of $539.69 million. AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. AvalonBay Communities’s revenue was up 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.11 EPS. equities analysts predict that AvalonBay Communities will post 8.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Thursday, December 28th. AvalonBay Communities’s dividend payout ratio is presently 89.03%.
In related news, insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction on Monday, December 4th. The shares were sold at an average price of $181.89, for a total transaction of $363,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.46% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Creative Planning grew its holdings in AvalonBay Communities by 0.4% in the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 2 shares during the period. Amica Retiree Medical Trust acquired a new stake in AvalonBay Communities in the third quarter worth $132,000. WFG Advisors LP grew its holdings in AvalonBay Communities by 24.9% in the second quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 167 shares during the period. Savant Capital LLC grew its holdings in AvalonBay Communities by 4.6% in the second quarter. Savant Capital LLC now owns 1,140 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 50 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in AvalonBay Communities in the second quarter worth $226,000. 95.07% of the stock is owned by institutional investors and hedge funds.
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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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