AvalonBay Communities Inc. (NYSE:AVB) – Equities research analysts at KeyCorp reduced their FY2016 earnings per share estimates for shares of AvalonBay Communities in a research report issued on Monday. KeyCorp analyst A. Wurschmidt now anticipates that the firm will post earnings per share of $8.20 for the year, down from their prior estimate of $8.22. KeyCorp also issued estimates for AvalonBay Communities’ FY2017 earnings at $8.82 EPS.

AVB has been the subject of several other research reports. Jefferies Group restated a “hold” rating on shares of AvalonBay Communities in a research report on Tuesday, September 6th. Bank of America Corp. cut shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $179.00 target price for the company. in a research report on Wednesday, November 23rd. Deutsche Bank AG dropped their target price on shares of AvalonBay Communities from $194.00 to $193.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th. Cantor Fitzgerald set a $188.00 target price on shares of AvalonBay Communities and gave the company a “hold” rating in a research report on Monday, October 24th. Finally, Zacks Investment Research cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, October 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $194.56.

Earnings History and Estimates for AvalonBay Communities (NYSE:AVB)

COPYRIGHT VIOLATION NOTICE: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The original version of this article can be read at https://www.thecerbatgem.com/2016/12/01/keycorp-comments-on-avalonbay-communities-inc-s-fy2016-earnings-avb.html.

Shares of AvalonBay Communities (NYSE:AVB) opened at 164.49 on Tuesday. The stock has a market capitalization of $22.59 billion, a price-to-earnings ratio of 23.86 and a beta of 0.39. The company’s 50 day moving average price is $167.21 and its 200 day moving average price is $175.33. AvalonBay Communities has a one year low of $158.32 and a one year high of $192.29.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Monday, October 24th. The real estate investment trust reported $2.11 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $2.11. AvalonBay Communities had a return on equity of 9.57% and a net margin of 50.39%. During the same quarter last year, the business earned $2.02 earnings per share.

Institutional investors have recently made changes to their positions in the company. Bailard Inc. bought a new position in shares of AvalonBay Communities during the second quarter worth $477,000. ING Groep NV acquired a new position in AvalonBay Communities during the second quarter worth approximately $872,000. Mizuho Trust & Banking Co. Ltd. increased its position in AvalonBay Communities by 2.8% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 247,162 shares of the real estate investment trust’s stock worth $44,586,000 after buying an additional 6,748 shares in the last quarter. LS Investment Advisors LLC increased its position in AvalonBay Communities by 0.5% in the second quarter. LS Investment Advisors LLC now owns 9,483 shares of the real estate investment trust’s stock worth $1,711,000 after buying an additional 48 shares in the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in AvalonBay Communities by 267.6% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 112,121 shares of the real estate investment trust’s stock worth $20,124,000 after buying an additional 81,621 shares in the last quarter. 95.84% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION NOTICE: This article was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this article on another publication, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The original version of this article can be read at https://www.thecerbatgem.com/2016/12/01/keycorp-comments-on-avalonbay-communities-inc-s-fy2016-earnings-avb.html.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Friday, December 30th will be paid a $1.35 dividend. The ex-dividend date is Wednesday, December 28th. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $0.01. This represents a $5.40 dividend on an annualized basis and a yield of 3.28%. AvalonBay Communities’s dividend payout ratio is presently 78.37%.

About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust. The Company focuses 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.

5 Day Chart for NYSE:AVB

Receive News & Stock Ratings for AvalonBay Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities Inc. and related stocks with our FREE daily email newsletter.