News headlines about AvalonBay Communities (NYSE:AVB) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog 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 0.16 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.5797410664286 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
Several analysts have weighed in on the stock. SunTrust Banks reaffirmed a “buy” rating and set a $186.00 price objective on shares of AvalonBay Communities in a research note on Friday, February 2nd. Zacks Investment Research raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Cantor Fitzgerald reaffirmed a “hold” rating and set a $185.00 price objective on shares of AvalonBay Communities in a research note on Thursday, February 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $187.00 price objective on shares of AvalonBay Communities in a research note on Wednesday, January 31st. Finally, Sandler O’Neill cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $194.82.
Shares of AvalonBay Communities (NYSE AVB) traded up $2.89 during mid-day trading on Friday, hitting $160.01. 520,237 shares of the stock were exchanged, compared to its average volume of 855,839. AvalonBay Communities has a 12 month low of $154.82 and a 12 month high of $199.52. The firm has a market capitalization of $21,544.48, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 2.42 and a beta of 0.34. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.10 and a quick ratio of 0.10.
AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ 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 company had revenue of $555.29 million for the quarter, compared to analyst estimates of $554.20 million. During the same period in the prior year, the business earned $2.12 earnings per share. AvalonBay Communities’s quarterly revenue was up 7.1% on a year-over-year basis. equities research analysts anticipate 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 given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.67%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio is presently 89.31%.
In related news, CEO Timothy J. Naughton sold 25,160 shares of the stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total value of $4,625,414.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Leo S. Horey III sold 2,000 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $181.89, for a total transaction of $363,780.00. The disclosure for this sale can be found here. Insiders have sold 30,660 shares of company stock worth $5,628,669 over the last quarter. 0.46% of the stock is owned by company insiders.
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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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