AvalonBay Communities Inc (AVB) Given Average Rating of “Hold” by Brokerages
Shares of AvalonBay Communities Inc (NYSE:AVB) have received a consensus recommendation of “Hold” from the twenty-three research firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $194.82.
A number of equities research analysts have recently issued reports on AVB shares. Robert W. Baird reaffirmed a “buy” rating and issued a $187.00 target price on shares of AvalonBay Communities in a report on Tuesday, January 9th. Stifel Nicolaus dropped their target price on shares of AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. Sandler O’Neill cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays dropped their target price on shares of AvalonBay Communities from $189.00 to $186.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Monday, October 30th.
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 shares were sold at an average price of $182.75, for a total value of $365,500.00. The transaction was disclosed in a legal 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 shares were sold at an average price of $183.84, for a total transaction 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. Insiders own 0.46% of the company’s stock.
Shares of AvalonBay Communities (NYSE AVB) traded up $2.89 during mid-day trading on Friday, hitting $160.01. 520,237 shares of the stock were exchanged, compared to its average volume of 1,052,908. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.10 and a current ratio of 0.10. The company has a market cap of $21,696.37, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.43 and a beta of 0.34. AvalonBay Communities has a 12 month low of $154.82 and a 12 month high of $199.52.
AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.22 by $1.03. The company had revenue of $555.29 million for the quarter, compared to analysts’ expectations of $554.20 million. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. AvalonBay Communities’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 EPS. research analysts anticipate that AvalonBay Communities will post 9 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a $1.47 dividend. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. This represents a $5.88 annualized dividend and a yield of 3.67%. The ex-dividend date is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio is currently 89.31%.
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.
Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter.