AvalonBay Communities, Inc. to Post Q1 2018 Earnings of $2.27 Per Share, KeyCorp Forecasts (AVB)

AvalonBay Communities, Inc. (NYSE:AVB) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of AvalonBay Communities in a report issued on Wednesday. KeyCorp analyst A. Wurschmidt forecasts that the real estate investment trust will post earnings of $2.27 per share for the quarter. KeyCorp currently has a “Hold” rating on the stock. KeyCorp also issued estimates for AvalonBay Communities’ FY2018 earnings at $9.15 EPS.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.45). The business 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 8.66% and a net margin of 41.55%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.11 earnings per share.

Other equities analysts also recently issued reports about the company. Robert W. Baird reaffirmed a “buy” rating and set a $202.00 price target on shares of AvalonBay Communities in a research report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $209.00 price target on shares of AvalonBay Communities in a research report on Friday, September 1st. UBS raised AvalonBay Communities from a “neutral” rating to a “buy” rating and upped their target price for the company from $190.00 to $206.00 in a research report on Thursday, November 9th. Mizuho reissued a “buy” rating and issued a $220.00 target price on shares of AvalonBay Communities in a research report on Monday, November 6th. Finally, Zacks Investment Research raised AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $201.40.

AvalonBay Communities (AVB) opened at $178.12 on Friday. The stock has a market capitalization of $24,241.33, a price-to-earnings ratio of 27.83, a PEG ratio of 2.76 and a beta of 0.35. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, December 28th. AvalonBay Communities’s payout ratio is 88.75%.

In other AvalonBay Communities news, insider Leo S. Horey III sold 2,000 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $182.75, for a total transaction of $365,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Timothy J. Naughton sold 25,160 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $183.84, for a total value of $4,625,414.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,660 shares of company stock worth $5,628,669. 0.46% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parametric Portfolio Associates LLC grew its position in AvalonBay Communities by 3.7% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 277,745 shares of the real estate investment trust’s stock worth $49,555,000 after purchasing an additional 9,911 shares during the period. AXA grew its position in AvalonBay Communities by 5.5% during the 3rd quarter. AXA now owns 117,895 shares of the real estate investment trust’s stock worth $21,034,000 after purchasing an additional 6,096 shares during the period. Public Employees Retirement System of Ohio grew its position in AvalonBay Communities by 1.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 215,600 shares of the real estate investment trust’s stock worth $38,467,000 after purchasing an additional 2,581 shares during the period. GSA Capital Partners LLP grew its position in AvalonBay Communities by 70.4% during the 3rd quarter. GSA Capital Partners LLP now owns 10,850 shares of the real estate investment trust’s stock worth $1,936,000 after purchasing an additional 4,482 shares during the period. Finally, IFM Investors Pty Ltd acquired a new stake in AvalonBay Communities during the 3rd quarter worth about $691,000. 94.84% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for AvalonBay Communities (NYSE:AVB)

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