AvalonBay Communities, Inc. (AVB) Issues Quarterly Earnings Results

AvalonBay Communities, Inc. (NYSE:AVB) released its quarterly earnings results on Monday. The real estate investment trust reported $1.72 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.45), Yahoo Finance reports. The firm had revenue of $550.50 million for the quarter, compared to analyst estimates of $539.69 million. AvalonBay Communities had a return on equity of 8.68% and a net margin of 41.55%. The company’s quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm earned $2.11 EPS. AvalonBay Communities updated its Q4 guidance to $2.19-2.25 EPS.

Shares of AvalonBay Communities (NYSE AVB) opened at 181.33 on Wednesday. The stock has a 50 day moving average price of $180.43 and a 200 day moving average price of $188.05. AvalonBay Communities has a 12 month low of $158.32 and a 12 month high of $199.52. The stock has a market capitalization of $24.97 billion, a P/E ratio of 24.97 and a beta of 0.36.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 29th were given a dividend of $1.42 per share. The ex-dividend date was Thursday, September 28th. This represents a $5.68 dividend on an annualized basis and a yield of 3.13%. AvalonBay Communities’s payout ratio is 88.75%.

ILLEGAL ACTIVITY NOTICE: “AvalonBay Communities, Inc. (AVB) Issues Quarterly Earnings Results” was originally published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.com-unik.info/2017/11/01/avalonbay-communities-inc-avb-issues-quarterly-earnings-results.html.

Several research analysts have commented on the company. Evercore ISI raised AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 price target on the stock in a research report on Monday, September 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $209.00 price target on shares of AvalonBay Communities in a research report on Wednesday, October 4th. Barclays PLC lifted their price target on AvalonBay Communities from $188.00 to $189.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 18th. BidaskClub raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $196.00 price target on shares of AvalonBay Communities in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $195.40.

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.

Earnings History for AvalonBay Communities (NYSE:AVB)

What are top analysts saying about AvalonBay Communities Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for AvalonBay Communities Inc. and related companies.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit