Somewhat Favorable Media Coverage Somewhat Unlikely to Impact AvalonBay Communities (AVB) Share Price
News articles about AvalonBay Communities (NYSE:AVB) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. AvalonBay Communities earned a news impact score of 0.16 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.9956183684637 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s rankings:
- Research Analysts Set Expectations for AvalonBay Communities Inc’s Q1 2018 Earnings (AVB) (americanbankingnews.com)
- Brokers Set Expectations for AvalonBay Communities Inc’s FY2018 Earnings (AVB) (americanbankingnews.com)
- FY2018 EPS Estimates for AvalonBay Communities Inc Lowered by Analyst (AVB) (americanbankingnews.com)
- SunTrust Banks Reiterates “Buy” Rating for AvalonBay Communities (AVB) (americanbankingnews.com)
- AvalonBay Communities (AVB) Rating Lowered to Hold at Sandler O’Neill (americanbankingnews.com)
A number of brokerages have weighed in on AVB. UBS Group raised AvalonBay Communities from a “neutral” rating to a “buy” rating and increased their price target for the stock from $190.00 to $206.00 in a research note on Thursday, November 9th. Mizuho reissued a “buy” rating and set a $220.00 price target on shares of AvalonBay Communities in a research note on Monday, November 6th. SunTrust Banks restated a “buy” rating and set a $186.00 price objective on shares of AvalonBay Communities in a report on Friday, February 2nd. BMO Capital Markets restated a “hold” rating and set a $187.00 price objective on shares of AvalonBay Communities in a report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. downgraded AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the stock. AvalonBay Communities has an average rating of “Hold” and an average price target of $197.41.
AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $1.03. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The firm had revenue of $555.29 million during the quarter, compared to the consensus estimate of $554.20 million. During the same period in the prior year, the firm earned $2.12 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts anticipate that AvalonBay Communities will post 9.03 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be paid a dividend of $1.47 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. This represents a $5.88 annualized dividend and a dividend yield of 3.71%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 89.45%.
In other news, COO Sean J. Breslin sold 1,500 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $182.65, for a total transaction of $273,975.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leo S. Horey III sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $181.89, for a total value of $363,780.00. The disclosure for this sale can be found here. Insiders have sold 30,660 shares of company stock valued at $5,628,669 over the last 90 days. Insiders own 0.46% 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.
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