AvalonBay Communities (NYSE:AVB) Given Media Impact Rating of 0.17
Headlines about AvalonBay Communities (NYSE:AVB) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AvalonBay Communities earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.3958972499746 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Today’s Research Report Coverage on REIT Stocks — AvalonBay Communities, Capstead Mortgage, Camden Property Trust, and EdR (markets.businessinsider.com)
- MV Capital Management Inc. Has $226000 Stake in AvalonBay Communities, Inc. (AVB) (overnewsmagazine.com)
- AvalonBay Communities (NYSE:AVB) Receives News Impact Score of 0.04 (campdesrecrues.com)
- AvalonBay Revenue Climbs in 2Q17, Backed by Rent Growth (finance.yahoo.com)
- AvalonBay Maintains Profit with Strategic Capital Deployment (finance.yahoo.com)
A number of research analysts have recently commented on AVB shares. BidaskClub cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Barclays PLC increased their target price on shares of AvalonBay Communities from $188.00 to $189.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 18th. JMP Securities cut shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 19th. They noted that the move was a valuation call. Jefferies Group LLC reissued a “hold” rating and issued a $196.00 target price on shares of AvalonBay Communities in a report on Tuesday, July 4th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $191.00 target price on shares of AvalonBay Communities in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $193.58.
AvalonBay Communities (AVB) opened at 189.27 on Thursday. AvalonBay Communities has a 1-year low of $158.32 and a 1-year high of $199.52. The firm has a market cap of $26.01 billion, a P/E ratio of 25.22 and a beta of 0.34. The stock has a 50 day moving average price of $191.07 and a 200 day moving average price of $186.62.
AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 the consensus estimate of $529.48 million. During the same quarter in the previous year, the firm posted $2.03 EPS. On average, analysts anticipate that AvalonBay Communities will post $5.03 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were given a $1.42 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $5.68 annualized dividend and a yield of 3.00%. AvalonBay Communities’s payout ratio is currently 78.13%.
In other AvalonBay Communities news, EVP Edward M. Schulman sold 1,764 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $191.82, for a total value of $338,370.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William M. Mclaughlin sold 5,112 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $193.88, for a total value of $991,114.56. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
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.
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