AvalonBay Communities Inc Plans Quarterly Dividend of $1.16 (AVB)
AvalonBay Communities (NYSE:AVB) announced a quarterly dividend on Thursday, September 4th, Analyst Ratings News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 1.16 per share on Wednesday, October 15th. This represents a $4.64 annualized dividend and a dividend yield of 3.00%.
AVB has been the subject of a number of recent research reports. Analysts at Cowen and Company raised their price target on shares of AvalonBay Communities to $166.00 in a research note on Tuesday, August 19th. On the ratings front, analysts at Jefferies Group raised their price target on shares of AvalonBay Communities from $146.00 to $149.00 in a research note on Monday, August 18th. They now have a “hold” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of AvalonBay Communities in a research note on Thursday, August 14th. They now have a $160.00 price target on the stock. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $151.36.
AvalonBay Communities (NYSE:AVB) traded up 0.12% on Thursday, hitting $154.49. The stock had a trading volume of 535,126 shares. AvalonBay Communities has a 52 week low of $114.16 and a 52 week high of $156.16. The stock has a 50-day moving average of $150.8 and a 200-day moving average of $139.. The company has a market cap of $20.267 billion and a price-to-earnings ratio of 37.00.
AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.66 by $0.04. The company had revenue of $413.80 million for the quarter, compared to the consensus estimate of $404.86 million. During the same quarter in the prior year, the company posted $1.62 earnings per share. Analysts expect that AvalonBay Communities will post $7.03 EPS for the current fiscal year.
In other AvalonBay Communities news, EVP Stephen W. Wilson unloaded 6,395 shares of AvalonBay Communities stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $153.77, for a total transaction of $983,359.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
AvalonBay Communities, Inc is a real estate investment trust (NYSE:AVB) .
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