AvalonBay Communities (NYSE:AVB) is scheduled to announce its earnings results after the market closes on Tuesday, April 24th.
AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $2.25 EPS for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $555.29 million during the quarter, compared to analysts’ expectations of $554.20 million. During the same quarter last year, the business earned $2.12 earnings per share. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, analysts expect AvalonBay Communities to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Shares of NYSE AVB opened at $166.00 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.71. AvalonBay Communities has a 52 week low of $152.65 and a 52 week high of $199.52. The stock has a market capitalization of $22,997.04, a P/E ratio of 19.26, a P/E/G ratio of 2.61 and a beta of 0.36.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Thursday, March 29th were paid a $1.47 dividend. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date was Wednesday, March 28th. This represents a $5.88 annualized dividend and a dividend yield of 3.54%. AvalonBay Communities’s dividend payout ratio (DPR) is 68.21%.
AVB has been the subject of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $187.00 price objective on shares of AvalonBay Communities in a research note on Tuesday, January 9th. SunTrust Banks reiterated a “buy” rating and issued a $186.00 price objective on shares of AvalonBay Communities in a research note on Friday, February 2nd. Cantor Fitzgerald reiterated a “hold” rating and issued a $185.00 price objective on shares of AvalonBay Communities in a research note on Thursday, February 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $185.00 price objective on shares of AvalonBay Communities in a research note on Friday, January 19th. Finally, Barclays reduced their price objective on shares of AvalonBay Communities from $189.00 to $186.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $189.24.
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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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