AvalonBay Communities, Inc. (AVB) Scheduled to Post Earnings on Monday
AvalonBay Communities, Inc. (NYSE:AVB) is scheduled to release its earnings data after the market closes on Monday, October 23rd. AvalonBay Communities has set its Q3 guidance at $188.8.131.52 EPS and its FY17 guidance at $8.50-8.70 EPS.
AvalonBay Communities (NYSE:AVB) last released its 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). AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. The company had revenue of $530.51 million for the quarter, compared to analyst estimates of $529.48 million. During the same period in the previous year, the firm earned $2.03 earnings per share. On average, analysts expect AvalonBay Communities to post $8.58 EPS for the current fiscal year and $9.09 EPS for the next fiscal year.
AvalonBay Communities, Inc. (NYSE AVB) opened at 181.19 on Friday. The company’s 50-day moving average price is $181.42 and its 200 day moving average price is $188.28. AvalonBay Communities, Inc. has a 1-year low of $158.32 and a 1-year high of $199.52. The firm has a market capitalization of $24.95 billion, a PE ratio of 24.95 and a beta of 0.36.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $1.42 per share. The ex-dividend date was Thursday, September 28th. This represents a $5.68 annualized dividend and a dividend yield of 3.13%. AvalonBay Communities’s dividend payout ratio is presently 78.13%.
AVB has been the subject of a number of research reports. Jefferies Group LLC reiterated a “hold” rating and issued a $196.00 price target on shares of AvalonBay Communities in a research note on Tuesday, July 4th. BidaskClub downgraded AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating and issued a $203.00 target price on shares of AvalonBay Communities in a research note on Sunday, July 16th. Barclays PLC lifted their target price on 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 target price on shares of AvalonBay Communities in a research note on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $196.00.
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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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