AvalonBay Communities, Inc. (AVB) Receives Consensus Rating of “Hold” from Analysts
Shares of AvalonBay Communities, Inc. (NYSE:AVB) have received a consensus rating of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $199.27.
A number of research analysts recently commented on the company. Zacks Investment Research raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. BidaskClub raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research note on Thursday, August 3rd. Evercore ISI raised AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 price target for the company in a research note on Monday, September 25th. KeyCorp reaffirmed a “hold” rating on shares of AvalonBay Communities in a research note on Sunday, September 24th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $191.00 price target on shares of AvalonBay Communities in a research note on Wednesday, August 2nd.
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Several large investors have recently added to or reduced their stakes in AVB. FMR LLC grew its holdings in shares of AvalonBay Communities by 22.2% during the second quarter. FMR LLC now owns 5,341,390 shares of the real estate investment trust’s stock worth $1,026,454,000 after purchasing an additional 969,095 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of AvalonBay Communities by 151.2% during the third quarter. Janus Henderson Group PLC now owns 629,410 shares of the real estate investment trust’s stock worth $112,300,000 after purchasing an additional 378,809 shares during the last quarter. Koch Industries Inc. bought a new stake in shares of AvalonBay Communities during the second quarter worth about $365,000. Harbour Capital Advisors LLC grew its holdings in shares of AvalonBay Communities by 19,117.0% during the second quarter. Harbour Capital Advisors LLC now owns 329,572 shares of the real estate investment trust’s stock worth $1,715,000 after purchasing an additional 327,857 shares during the last quarter. Finally, Old Mutual Global Investors UK Ltd. grew its holdings in shares of AvalonBay Communities by 185.9% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 504,090 shares of the real estate investment trust’s stock worth $89,939,000 after purchasing an additional 327,763 shares during the last quarter. Institutional investors own 97.11% of the company’s stock.
AvalonBay Communities (AVB) traded up $1.08 on Thursday, hitting $185.02. The stock had a trading volume of 455,628 shares, compared to its average volume of 682,143. AvalonBay Communities has a 12 month low of $158.32 and a 12 month high of $199.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $25,400.00, a P/E ratio of 21.72, a P/E/G ratio of 2.90 and a beta of 0.36.
AvalonBay Communities (NYSE:AVB) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.17 by ($0.45). AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The firm had revenue of $550.50 million for the quarter, compared to analyst estimates of $539.69 million. During the same period in the prior year, the business posted $2.11 EPS. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. sell-side analysts expect that AvalonBay Communities will post 8.61 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Thursday, December 28th. AvalonBay Communities’s dividend payout ratio (DPR) is currently 89.03%.
AvalonBay Communities Company Profile
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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