AvalonBay Communities, Inc. (NYSE:AVB) – Analysts at Jefferies Group decreased their FY2019 earnings per share estimates for AvalonBay Communities in a research report issued on Thursday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will post earnings of $9.84 per share for the year, down from their previous forecast of $9.93.
AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $539.69 million. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis.
AvalonBay Communities (NYSE AVB) traded down $0.71 during mid-day trading on Friday, reaching $181.66. The company had a trading volume of 1,116,562 shares, compared to its average volume of 497,080. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.69. AvalonBay Communities has a 12 month low of $169.50 and a 12 month high of $199.52. The firm has a market cap of $25,183.09, a PE ratio of 21.48, a price-to-earnings-growth ratio of 2.86 and a beta of 0.35.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be paid a $1.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $5.68 annualized dividend and a dividend yield of 3.13%. AvalonBay Communities’s dividend payout ratio (DPR) is 88.75%.
In other AvalonBay Communities news, insider Leo S. Horey III sold 2,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $182.75, for a total value of $365,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Sean J. Breslin sold 1,500 shares of the business’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $182.65, for a total transaction of $273,975.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,660 shares of company stock valued at $5,628,669. Insiders own 0.46% of the company’s stock.
Several large investors have recently bought and sold shares of AVB. Creative Planning grew its stake in shares of AvalonBay Communities by 0.4% during the second quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 2 shares in the last quarter. Miles Capital Inc. boosted its stake in AvalonBay Communities by 2.8% in the second quarter. Miles Capital Inc. now owns 1,402 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 38 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in AvalonBay Communities by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,237 shares of the real estate investment trust’s stock valued at $1,967,000 after acquiring an additional 50 shares in the last quarter. Blair William & Co. IL boosted its stake in AvalonBay Communities by 0.7% in the second quarter. Blair William & Co. IL now owns 7,221 shares of the real estate investment trust’s stock valued at $1,388,000 after acquiring an additional 50 shares in the last quarter. Finally, Utah Retirement Systems boosted its stake in AvalonBay Communities by 0.4% in the second quarter. Utah Retirement Systems now owns 29,135 shares of the real estate investment trust’s stock valued at $5,599,000 after acquiring an additional 115 shares in the last quarter. Institutional investors and hedge funds own 95.07% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.com-unik.info/2017/12/16/analysts-issue-forecasts-for-avalonbay-communities-inc-s-fy2019-earnings-avb.html.
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.
What are top analysts saying about AvalonBay Communities? - 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 and related companies.