Media headlines about AvalonBay Communities (NYSE:AVB) have trended somewhat positive on Friday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AvalonBay Communities earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 47.5797410664286 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
Several research analysts have commented on the stock. SunTrust Banks set a $194.00 price target on shares of AvalonBay Communities and gave the stock a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $185.00 price target on shares of AvalonBay Communities in a report on Friday, January 19th. Robert W. Baird reiterated a “buy” rating and set a $187.00 price target on shares of AvalonBay Communities in a report on Tuesday, January 9th. UBS Group upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $190.00 to $206.00 in a report on Thursday, November 9th. Finally, Mizuho reiterated a “buy” rating and set a $220.00 price target on shares of AvalonBay Communities in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the company’s stock. AvalonBay Communities has an average rating of “Hold” and a consensus target price of $194.82.
Shares of AvalonBay Communities (AVB) traded up $1.47 during trading on Friday, hitting $162.57. 877,789 shares of the stock traded hands, compared to its average volume of 859,285. AvalonBay Communities has a fifty-two week low of $154.82 and a fifty-two week high of $199.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $22,250.00, a PE ratio of 25.60, a price-to-earnings-growth ratio of 2.46 and a beta of 0.34.
AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $1.03. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The business had revenue of $555.29 million during the quarter, compared to analysts’ expectations of $554.20 million. During the same quarter in the prior year, the business posted $2.12 EPS. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts expect that AvalonBay Communities will post 9 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a $1.47 dividend. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date is Wednesday, March 28th. This represents a $5.88 annualized dividend and a dividend yield of 3.62%. AvalonBay Communities’s dividend payout ratio is presently 89.45%.
In other news, insider Leo S. Horey III sold 2,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $181.89, for a total value of $363,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Sean J. Breslin sold 1,500 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $182.65, for a total transaction of $273,975.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,660 shares of company stock valued at $5,628,669. Company insiders own 0.46% of the company’s stock.
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About AvalonBay Communities
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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