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AvalonBay Communities Inc. (NYSE:AVB) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.60-6.90 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.78, Analyst Ratings reports. AvalonBay Communities also updated its Q1 guidance to $1.60-1.64 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $143.00.

Shares of AvalonBay Communities Inc. (NYSE:AVB) traded up 0.08% on Wednesday, hitting $117.62. 1,855,427 shares of the company’s stock traded hands. 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 P/E ratio of 63.36.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $1.62 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 45.0% on a year-over-year basis. 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. Stockholders 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) .

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