News articles about AvalonBay Communities (NYSE:AVB) have trended somewhat positive this week, according to Accern. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AvalonBay Communities earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.550124571921 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

AvalonBay Communities (NYSE AVB) traded down 0.73% during trading on Friday, reaching $188.99. 577,316 shares of the company’s stock were exchanged. AvalonBay Communities has a 12 month low of $158.32 and a 12 month high of $199.52. The stock has a market cap of $26.03 billion, a PE ratio of 26.03 and a beta of 0.34. The firm has a 50 day moving average of $189.80 and a 200-day moving average of $187.68.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.14 by $0.05. The company had revenue of $530.51 million during the quarter, compared to the consensus estimate of $529.48 million. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. During the same period in the previous year, the firm posted $2.03 earnings per share. On average, equities research analysts anticipate that AvalonBay Communities will post $5.26 earnings per share for the current fiscal year.

AVB has been the subject of a number of recent analyst reports. Royal Bank Of Canada reissued a “buy” rating and issued a $203.00 price objective on shares of AvalonBay Communities in a research report on Sunday, July 16th. BTIG Research raised their price target on shares of AvalonBay Communities from $191.00 to $200.00 and gave the stock a “buy” rating in a research report on Monday, April 24th. Argus initiated coverage on shares of AvalonBay Communities in a research note on Thursday, June 22nd. They set a “buy” rating and a $220.00 price objective on the stock. Barclays PLC raised their price target on shares of AvalonBay Communities from $188.00 to $189.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. Finally, BMO Capital Markets restated a “hold” rating and issued a $191.00 price target on shares of AvalonBay Communities in a research note on Thursday, May 25th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company’s stock. AvalonBay Communities currently has an average rating of “Hold” and a consensus price target of $193.75.

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In related news, insider William M. Mclaughlin sold 5,112 shares of the company’s stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $193.88, for a total transaction of $991,114.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.53% of the company’s stock.

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.

Insider Buying and Selling by Quarter for AvalonBay Communities (NYSE:AVB)

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