Share on StockTwits

AvalonBay Communities Inc. (NYSE:AVB) updated its first quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.60-1.64 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.64, Analyst Ratings reports. AvalonBay Communities also updated its FY14 guidance to $6.60-6.90 EPS.

Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of AvalonBay Communities from $145.00 to $138.00 in a research note to investors on Monday. They now have a buy rating on the stock. On a related note, analysts at JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a neutral rating to an overweight rating in a research note to investors on Thursday, January 16th. They now have a $153.00 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of AvalonBay Communities in a research note to investors on Tuesday, December 10th. They set an equal weight rating and a $138.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. AvalonBay Communities has a consensus rating of Hold and a consensus target price of $143.00.

AvalonBay Communities Inc. (NYSE:AVB) traded up 0.08% on Wednesday, hitting $117.62. The stock had a trading volume of 1,855,427 shares. AvalonBay Communities Inc. has a 52 week low of $116.03 and a 52 week high of $141.95. The stock has a 50-day moving average of $120.0 and a 200-day moving average of $126.0. The company has a market cap of $15.222 billion and a price-to-earnings ratio of 63.36.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, January 29th. The company reported $1.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.56 by $0.06. The company had revenue of $400.00 million for the quarter, compared to the consensus estimate of $393.41 million. During the same quarter last year, the company posted $1.27 earnings per share. AvalonBay Communities’s revenue was up 45.0% compared to the same quarter last year. Analysts expect that AvalonBay Communities Inc. will post $5.00 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of 1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 3.94%.

AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.