Jefferies Group Weighs in on AvalonBay Communities, Inc.’s Q4 2017 Earnings (AVB)
AvalonBay Communities, Inc. (NYSE:AVB) – Equities researchers at Jefferies Group issued their Q4 2017 earnings estimates for AvalonBay Communities in a note issued to investors on Friday. Jefferies Group analyst O. Okusanya anticipates that the real estate investment trust will post earnings per share of $2.22 for the quarter. Jefferies Group has a “Hold” rating and a $196.00 price objective on the stock. Jefferies Group also issued estimates for AvalonBay Communities’ Q1 2018 earnings at $2.14 EPS, Q2 2018 earnings at $2.23 EPS, Q3 2018 earnings at $2.33 EPS, Q4 2018 earnings at $2.42 EPS, FY2018 earnings at $9.11 EPS and FY2019 earnings at $9.93 EPS.
AVB has been the topic of a number of other reports. Robert W. Baird reissued a “buy” rating and set a $202.00 price target on shares of AvalonBay Communities in a report on Friday, September 1st. BidaskClub downgraded shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Barclays PLC increased their price target on shares of AvalonBay Communities from $188.00 to $189.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) downgraded shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price target on the stock. in a report on Tuesday, September 5th. Finally, Deutsche Bank AG increased their price target on shares of AvalonBay Communities from $193.00 to $195.00 and gave the stock a “hold” rating in a report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $195.47.
Shares of AvalonBay Communities (NYSE AVB) opened at 188.55 on Monday. The company has a market capitalization of $25.97 billion, a P/E ratio of 25.97 and a beta of 0.35. AvalonBay Communities has a 12 month low of $158.32 and a 12 month high of $199.52. The stock’s 50 day moving average is $189.16 and its 200 day moving average is $188.97.
AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data 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 firm had revenue of $530.51 million for the quarter, compared to the consensus estimate of $529.48 million. AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. During the same quarter in the previous year, the business earned $2.03 earnings per share.
A number of large investors have recently bought and sold shares of AVB. BlackRock Inc. raised its position in shares of AvalonBay Communities by 2,676.8% in the first quarter. BlackRock Inc. now owns 14,398,025 shares of the real estate investment trust’s stock valued at $2,643,476,000 after buying an additional 13,879,505 shares during the last quarter. FMR LLC raised its position in shares of AvalonBay Communities by 22.2% in the second quarter. FMR LLC now owns 5,341,390 shares of the real estate investment trust’s stock valued at $1,026,454,000 after buying an additional 969,095 shares during the last quarter. Vanguard Group Inc. raised its position in shares of AvalonBay Communities by 1.9% in the first quarter. Vanguard Group Inc. now owns 21,857,497 shares of the real estate investment trust’s stock valued at $4,013,036,000 after buying an additional 406,218 shares during the last quarter. Koch Industries Inc. acquired a new stake in shares of AvalonBay Communities in the second quarter valued at about $365,000. Finally, Harbour Capital Advisors LLC raised its position in shares of AvalonBay Communities by 19,117.0% in the second quarter. Harbour Capital Advisors LLC now owns 329,572 shares of the real estate investment trust’s stock valued at $1,715,000 after buying an additional 327,857 shares during the last quarter. Institutional investors own 97.54% 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.
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