AvalonBay Communities Receives Consensus Rating of “Hold” from Brokerages (NYSE:AVB)
Shares of AvalonBay Communities (NYSE:AVB) have received a consensus rating of “Hold” from the sixteen brokerages that are presently covering the company, Analyst Ratings Network.com reports. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $141.67.
A number of research firms have recently commented on AVB. Analysts at Compass Point cut their price target on shares of AvalonBay Communities from $134.00 to $132.00 in a research note on Monday, February 3rd. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of AvalonBay Communities from $145.00 to $138.00 in a research note on Monday, January 27th. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating in a research note on Thursday, January 16th. They now have a $153.00 price target on the stock.
Shares of AvalonBay Communities (NYSE:AVB) traded up 0.01% during mid-day trading on Wednesday, hitting $129.66. 305,972 shares of the company’s stock traded hands. AvalonBay Communities has a one year low of $114.16 and a one year high of $141.95. The stock has a 50-day moving average of $121.7 and a 200-day moving average of $124.9. The company has a market cap of $16.780 billion and a P/E ratio of 55.93.
AvalonBay Communities (NYSE:AVB) last announced its earnings results 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 will post $6.76 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 3.58%. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.07.
AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .
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