Analysts Issue Forecasts for AvalonBay Communities, Inc.’s FY2019 Earnings (AVB)

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.

Several other equities research analysts have also recently issued reports on the company. Goldman Sachs Group cut 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. Zacks Investment Research upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Royal Bank of Canada decreased 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. UBS raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and raised their target price for the stock from $190.00 to $206.00 in a research note on Thursday, November 9th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $209.00 target price on shares of AvalonBay Communities in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company. AvalonBay Communities presently has an average rating of “Hold” and an average target price of $201.40.

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.

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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 and Estimates for AvalonBay Communities (NYSE:AVB)

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