AvalonBay Communities, Inc. (NYSE:AVB) – Equities research analysts at Jefferies Group cut their FY2019 earnings estimates for shares of AvalonBay Communities in a research report issued to clients and investors on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings per share of $9.71 for the year, down from their prior forecast of $9.84.

AVB has been the topic of several other research reports. Stifel Nicolaus restated a “buy” rating and set a $209.00 target price on shares of AvalonBay Communities in a research note on Wednesday, October 4th. Royal Bank of Canada lowered their target price on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating on the stock in a research note on Monday, November 6th. Mizuho restated a “buy” rating and set a $220.00 target price on shares of AvalonBay Communities in a research note on Monday, November 6th. UBS Group upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and upped their target price for the company from $190.00 to $206.00 in a research note on Thursday, November 9th. Finally, Robert W. Baird restated a “buy” rating and set a $187.00 target price on shares of AvalonBay Communities in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. AvalonBay Communities has an average rating of “Hold” and a consensus price target of $200.40.

AvalonBay Communities (NYSE AVB) traded down $2.12 on Wednesday, reaching $167.79. 639,468 shares of the company’s stock traded hands, compared to its average volume of 560,675. 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 company has a market cap of $23,341.00, a PE ratio of 26.22, a P/E/G ratio of 2.51 and a beta of 0.35. AvalonBay Communities has a 1-year low of $167.09 and a 1-year high of $199.52.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.17 by ($0.45). The firm had revenue of $550.50 million during the quarter, compared to the consensus estimate of $539.69 million. AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.11 EPS.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.39%. The ex-dividend date was Thursday, December 28th. AvalonBay Communities’s payout ratio is currently 88.75%.

In other news, CEO Timothy J. Naughton sold 25,160 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total transaction of $4,625,414.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Leo S. Horey III sold 2,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $181.89, for a total transaction of $363,780.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock valued at $5,628,669 in the last ninety days. Insiders own 0.46% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westpac Banking Corp increased its holdings in AvalonBay Communities by 3.5% in the 4th quarter. Westpac Banking Corp now owns 303,373 shares of the real estate investment trust’s stock worth $54,125,000 after acquiring an additional 10,227 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in AvalonBay Communities by 6.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,299,049 shares of the real estate investment trust’s stock worth $231,764,000 after acquiring an additional 75,452 shares in the last quarter. National Pension Service increased its holdings in AvalonBay Communities by 7.7% in the 4th quarter. National Pension Service now owns 144,363 shares of the real estate investment trust’s stock worth $25,756,000 after acquiring an additional 10,364 shares in the last quarter. E&G Advisors LP purchased a new stake in AvalonBay Communities in the 4th quarter worth approximately $410,000. Finally, Bank of Montreal Can increased its holdings in AvalonBay Communities by 19.5% in the 4th quarter. Bank of Montreal Can now owns 102,846 shares of the real estate investment trust’s stock worth $18,348,000 after acquiring an additional 16,797 shares in the last quarter. 94.86% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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