AvalonBay Communities, Inc. (NYSE:AVB) – Analysts at SunTrust Banks issued their FY2019 earnings estimates for shares of AvalonBay Communities in a report issued on Monday. SunTrust Banks analyst M. Lewis expects that the real estate investment trust will earn $9.49 per share for the year. SunTrust Banks also issued estimates for AvalonBay Communities’ FY2020 earnings at $10.16 EPS and FY2021 earnings at $10.61 EPS.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.14 by $0.05. The firm had revenue of $530.51 million during the quarter, compared to analyst estimates of $529.48 million. AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. During the same quarter last year, the business earned $2.03 earnings per share.

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A number of other equities research analysts also recently commented on AVB. JMP Securities downgraded shares of AvalonBay Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 19th. They noted that the move was a valuation call. Barclays PLC increased their price objective on shares of AvalonBay Communities from $174.00 to $188.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 19th. Evercore ISI dropped their price objective on shares of AvalonBay Communities from $188.00 to $186.00 and set an “in-line” rating on the stock in a research report on Wednesday, April 19th. Jefferies Group LLC reissued a “hold” rating and issued a $196.00 price objective on shares of AvalonBay Communities in a research report on Monday, April 24th. Finally, BTIG Research increased their price objective on shares of AvalonBay Communities from $191.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, April 24th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. AvalonBay Communities currently has an average rating of “Hold” and a consensus target price of $193.58.

Shares of AvalonBay Communities (NYSE AVB) traded down 0.32% during midday trading on Thursday, reaching $190.59. 272,131 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $189.95 and its 200 day moving average price is $187.54. AvalonBay Communities has a 1-year low of $158.32 and a 1-year high of $199.52. The stock has a market capitalization of $26.25 billion, a P/E ratio of 26.25 and a beta of 0.34.

In other news, insider William M. Mclaughlin sold 5,112 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $193.88, for a total value of $991,114.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.53% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of AvalonBay Communities by 0.7% in the second quarter. Vanguard Group Inc. now owns 22,015,933 shares of the real estate investment trust’s stock worth $4,230,802,000 after buying an additional 158,436 shares in the last quarter. BlackRock Inc. boosted its stake in shares of AvalonBay Communities by 1.1% in the second quarter. BlackRock Inc. now owns 14,559,192 shares of the real estate investment trust’s stock worth $2,797,838,000 after buying an additional 161,167 shares in the last quarter. FMR LLC boosted its stake in shares of AvalonBay Communities by 22.2% in the second quarter. FMR LLC now owns 5,341,390 shares of the real estate investment trust’s stock worth $1,026,454,000 after buying an additional 969,095 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of AvalonBay Communities by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 3,112,136 shares of the real estate investment trust’s stock worth $571,387,000 after buying an additional 65,999 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of AvalonBay Communities by 0.9% in the second quarter. Principal Financial Group Inc. now owns 2,793,421 shares of the real estate investment trust’s stock worth $536,811,000 after buying an additional 25,486 shares in the last quarter. Hedge funds and other institutional investors own 97.89% of the company’s stock.

About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

Earnings History and Estimates for AvalonBay Communities (NYSE:AVB)

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