AvalonBay Communities Inc. (AVB) Plans Quarterly Dividend of $1.07
AvalonBay Communities (NYSE:AVB) declared a quarterly dividend on Tuesday, September 10th, Analyst Ratings.Net reports. Stockholders of record on Monday, September 30th will be given a dividend of $1.07 per share on Tuesday, October 15th. This represents a $4.28 dividend on an annualized basis and a yield of 3.34%.
A number of research firms have recently commented on AVB. Analysts at Zacks reiterated a “neutral” rating on shares of AvalonBay Communities (NYSE:AVB) in a research note to investors on Wednesday, August 14th. They now have a $136.00 price target on the stock. On the ratings front, analysts at RBC Capital raised their price target on shares of AvalonBay Communities (NYSE:AVB) from $154.00 to $160.00 in a research note to investors on Tuesday, July 30th. They now have an “outperform” rating on the stock. Finally, analysts at Compass Point raised their price target on shares of AvalonBay Communities (NYSE:AVB) from $138.00 to $143.00 in a research note to investors on Monday, July 29th.
Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $146.45.
AvalonBay Communities (NYSE:AVB) opened at 128.33 on Wednesday. AvalonBay Communities has a 1-year low of $121.33 and a 1-year high of $143.18. The stock has a 50-day moving average of $129.5 and a 200-day moving average of $131.8. The company has a market cap of $16.606 billion and a price-to-earnings ratio of 44.92.
AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.51 by $0.11. During the same quarter last year, the company posted $1.34 earnings per share. Analysts expect that AvalonBay Communities will post $5.17 EPS for the current fiscal year.
In other AvalonBay Communities news, Director Lance Primis bought 2,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was purchased at an average price of $124.43 per share, for a total transaction of $248,860.00. Following the acquisition, the director now directly owns 13,421 shares of the company’s stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .
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