SunTrust Banks set a $194.00 price target on AvalonBay Communities (NYSE:AVB) in a report issued on Monday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock. SunTrust Banks also issued estimates for AvalonBay Communities’ FY2020 earnings at $10.28 EPS, FY2021 earnings at $10.73 EPS and FY2022 earnings at $11.12 EPS.

AVB has been the subject of several other research reports. UBS Group raised 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. Mizuho reaffirmed a buy rating and set a $220.00 target price on shares of AvalonBay Communities in a research note on Monday, November 6th. Evercore ISI raised AvalonBay Communities from an in-line rating to an outperform rating and set a $194.00 target price for the company in a research note on Monday, September 25th. Stifel Nicolaus reaffirmed a buy rating and set a $209.00 target price on shares of AvalonBay Communities in a research note on Wednesday, October 4th. Finally, KeyCorp reaffirmed a hold rating on shares of AvalonBay Communities in a research note on Sunday, September 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the stock. AvalonBay Communities currently has a consensus rating of Hold and a consensus price target of $199.06.

AvalonBay Communities (NYSE:AVB) traded up $1.40 during midday trading on Monday, reaching $170.10. The company had a trading volume of 628,900 shares, compared to its average volume of 577,100. AvalonBay Communities has a fifty-two week low of $167.09 and a fifty-two week high of $199.52. The firm has a market capitalization of $23,490.00, a PE ratio of 26.66, a P/E/G ratio of 2.50 and a beta of 0.35. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 EPS for the quarter, missing the 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 business had revenue of $550.50 million for the quarter, compared to analyst estimates of $539.69 million. During the same period in the prior year, the business earned $2.11 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. sell-side analysts predict that AvalonBay Communities will post 8.62 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were issued a $1.42 dividend. The ex-dividend date was Thursday, December 28th. This represents a $5.68 annualized dividend and a yield of 3.34%. AvalonBay Communities’s payout ratio is currently 89.03%.

In other AvalonBay Communities news, insider Leo S. Horey III sold 2,000 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $181.89, for a total value of $363,780.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Sean J. Breslin sold 1,500 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $182.65, for a total value of $273,975.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,660 shares of company stock worth $5,628,669. Corporate insiders own 0.46% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Candriam Luxembourg S.C.A. lifted its holdings in shares of AvalonBay Communities by 6.6% in the third quarter. Candriam Luxembourg S.C.A. now owns 11,496 shares of the real estate investment trust’s stock valued at $2,051,000 after purchasing an additional 716 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of AvalonBay Communities in the third quarter valued at approximately $772,000. Koch Industries Inc. bought a new position in shares of AvalonBay Communities in the second quarter valued at approximately $365,000. PGGM Investments lifted its holdings in shares of AvalonBay Communities by 5.6% in the third quarter. PGGM Investments now owns 1,642,210 shares of the real estate investment trust’s stock valued at $293,003,000 after purchasing an additional 86,594 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of AvalonBay Communities in the third quarter valued at approximately $624,000. Institutional investors own 94.86% of the company’s stock.

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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.

Analyst Recommendations for AvalonBay Communities (NYSE:AVB)

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