Brokerages predict that AvalonBay Communities Inc (NYSE:AVB) will announce $538.52 million in sales for the current fiscal quarter, according to Zacks. Six analysts have made estimates for AvalonBay Communities’ earnings. The highest sales estimate is $542.39 million and the lowest is $532.06 million. AvalonBay Communities reported sales of $516.21 million during the same quarter last year, which indicates a positive year-over-year growth rate of 4.3%. The firm is scheduled to report its next earnings report after the market closes on Monday, October 30th.

On average, analysts expect that AvalonBay Communities will report full year sales of $538.52 million for the current fiscal year, with estimates ranging from $2.06 billion to $2.15 billion. For the next year, analysts anticipate that the business will post sales of $2.25 billion per share, with estimates ranging from $2.11 billion to $2.35 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for AvalonBay Communities.

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 Zacks’ consensus estimate of $2.14 by ($0.05). The business 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 6.43% and a net margin of 31.14%. During the same period in the prior year, the firm earned $2.03 EPS.

Several analysts recently issued reports on the company. Argus assumed coverage on AvalonBay Communities in a research report on Thursday, June 22nd. They set a “buy” rating and a $220.00 target price for the company. Jefferies Group LLC reaffirmed a “hold” rating and issued a $196.00 price objective on shares of AvalonBay Communities in a research note on Tuesday, July 4th. BidaskClub raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $191.00 price objective on shares of AvalonBay Communities in a research note on Wednesday, August 2nd. Finally, Deutsche Bank AG raised their price target on AvalonBay Communities from $193.00 to $195.00 and gave the stock a “hold” rating in a research note on Friday, August 18th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. AvalonBay Communities has a consensus rating of “Hold” and an average target price of $196.00.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC increased its holdings in 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. Koch Industries Inc. purchased a new position in AvalonBay Communities in the second quarter valued at $365,000. Harbour Capital Advisors LLC increased its holdings in 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. PGGM Investments increased its holdings in AvalonBay Communities by 21.0% in the second quarter. PGGM Investments now owns 1,555,616 shares of the real estate investment trust’s stock valued at $298,943,000 after buying an additional 270,164 shares during the last quarter. Finally, Cbre Clarion Securities LLC increased its holdings in AvalonBay Communities by 13.8% in the second quarter. Cbre Clarion Securities LLC now owns 1,977,322 shares of the real estate investment trust’s stock valued at $379,982,000 after buying an additional 239,157 shares during the last quarter. Institutional investors and hedge funds own 97.50% of the company’s stock.

Shares of AvalonBay Communities (NYSE AVB) traded up 0.33% during trading on Tuesday, reaching $181.19. 722,661 shares of the company were exchanged. The company has a market capitalization of $24.95 billion, a PE ratio of 24.95 and a beta of 0.36. The firm’s 50 day moving average price is $181.60 and its 200 day moving average price is $188.30. AvalonBay Communities has a one year low of $158.32 and a one year high of $199.52.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend was Thursday, September 28th. AvalonBay Communities’s dividend payout ratio (DPR) is 78.13%.

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

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