Zacks Research Has Negative Estimate for AVB Q3 Earnings

AvalonBay Communities, Inc. (NYSE:AVB) – Stock analysts at Zacks Research reduced their Q3 2026 earnings per share (EPS) estimates for shares of AvalonBay Communities in a research report issued on Monday, May 18th. Zacks Research analyst Team now expects that the real estate investment trust will earn $2.78 per share for the quarter, down from their prior forecast of $2.80. The consensus estimate for AvalonBay Communities’ current full-year earnings is $11.30 per share. Zacks Research also issued estimates for AvalonBay Communities’ Q1 2027 earnings at $2.87 EPS, Q3 2027 earnings at $2.83 EPS, Q4 2027 earnings at $2.93 EPS and FY2028 earnings at $12.49 EPS.

Several other analysts also recently issued reports on AVB. Truist Financial lowered their price target on AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Wells Fargo & Company lowered their price target on AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating for the company in a report on Thursday, April 23rd. Morgan Stanley reiterated an “equal weight” rating and issued a $203.00 price target (down from $208.00) on shares of AvalonBay Communities in a report on Thursday, March 26th. Cantor Fitzgerald increased their price target on AvalonBay Communities from $186.00 to $190.00 and gave the company a “neutral” rating in a report on Monday, May 4th. Finally, Royal Bank Of Canada increased their price target on AvalonBay Communities from $180.00 to $188.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Four research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $196.93.

AvalonBay Communities Stock Down 0.1%

Shares of NYSE AVB opened at $185.14 on Wednesday. AvalonBay Communities has a 12-month low of $160.10 and a 12-month high of $209.86. The company has a market cap of $25.75 billion, a P/E ratio of 26.83, a P/E/G ratio of 3.19 and a beta of 0.79. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.80. The stock has a fifty day moving average price of $173.10 and a 200 day moving average price of $176.58.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.47). AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. The company had revenue of $770.28 million during the quarter, compared to analyst estimates of $768.80 million. During the same quarter in the prior year, the company posted $2.83 earnings per share.

Hedge Funds Weigh In On AvalonBay Communities

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Reflection Asset Management purchased a new position in AvalonBay Communities in the 4th quarter valued at about $25,000. Clearstead Trust LLC boosted its position in AvalonBay Communities by 56.0% in the 1st quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 56 shares during the last quarter. Zions Bancorporation National Association UT lifted its position in shares of AvalonBay Communities by 300.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 120 shares during the last quarter. BOKF NA bought a new position in shares of AvalonBay Communities during the third quarter worth about $31,000. Finally, AlphaQuest LLC bought a new position in shares of AvalonBay Communities during the third quarter worth about $33,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.