AvalonBay Communities, Inc. (NYSE:AVB) updated its fourth quarter earnings guidance on Monday. The company provided earnings per share guidance of $2.19-2.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.25.
A number of equities research analysts have weighed in on the company. Zacks Investment Research raised AvalonBay Communities from a sell rating to a hold rating in a report on Monday. Stifel Nicolaus reaffirmed a buy rating and set a $209.00 price objective on shares of AvalonBay Communities in a report on Wednesday, October 4th. Evercore ISI raised AvalonBay Communities from an in-line rating to an outperform rating and set a $194.00 price objective on the stock in a report on Monday, September 25th. KeyCorp reaffirmed a hold rating on shares of AvalonBay Communities in a report on Sunday, September 24th. Finally, Goldman Sachs Group, Inc. (The) downgraded AvalonBay Communities from a buy rating to a neutral rating and set a $196.00 price objective on the stock. in a report on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have assigned a buy rating to the stock. AvalonBay Communities currently has a consensus rating of Hold and a consensus target price of $196.00.
AvalonBay Communities, Inc. (NYSE:AVB) traded up 0.13% on Monday, reaching $181.89. The company’s stock had a trading volume of 555,261 shares. The firm’s 50 day moving average is $180.77 and its 200-day moving average is $188.12. The firm has a market cap of $25.05 billion, a P/E ratio of 25.05 and a beta of 0.36. AvalonBay Communities, Inc. has a 12 month low of $158.32 and a 12 month high of $199.52.
AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.05). AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. The company had revenue of $530.51 million during the quarter, compared to analyst estimates of $529.48 million. During the same quarter in the prior year, the business earned $2.03 EPS. On average, equities research analysts anticipate that AvalonBay Communities, Inc. will post $5.27 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a $1.42 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $5.68 dividend on an annualized basis and a yield of 3.12%. AvalonBay Communities’s dividend payout ratio is currently 78.13%.
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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