AvalonBay Communities, Inc. (AVB) Expected to Earn Q4 2017 Earnings of $2.22 Per Share
AvalonBay Communities, Inc. (NYSE:AVB) – Stock analysts at Jefferies Group issued their Q4 2017 earnings estimates for AvalonBay Communities in a research note issued to investors on Friday. Jefferies Group analyst O. Okusanya expects that the real estate investment trust will earn $2.22 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $196.00 target price on the stock. Jefferies Group also issued estimates for AvalonBay Communities’ Q1 2018 earnings at $2.14 EPS, Q2 2018 earnings at $2.23 EPS, Q3 2018 earnings at $2.33 EPS, Q4 2018 earnings at $2.42 EPS, FY2018 earnings at $9.11 EPS and FY2019 earnings at $9.93 EPS.
Several other equities research analysts have also issued reports on the stock. BMO Capital Markets reaffirmed a “hold” rating and set a $191.00 price target on shares of AvalonBay Communities in a report on Thursday, May 25th. Deutsche Bank AG lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price target on the stock. in a report on Wednesday, May 17th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $203.00 price target on shares of AvalonBay Communities in a report on Sunday, July 16th. BidaskClub lowered shares of AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Argus started coverage on shares of AvalonBay Communities in a report on Thursday, June 22nd. They set a “buy” rating and a $220.00 price target on the stock. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $195.47.
Shares of AvalonBay Communities (NYSE AVB) opened at 186.76 on Monday. The company has a market capitalization of $25.72 billion, a PE ratio of 25.72 and a beta of 0.35. AvalonBay Communities has a 1-year low of $158.32 and a 1-year high of $199.52. The stock’s 50 day moving average is $189.21 and its 200 day moving average is $188.81.
AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.14 by $0.05. AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. The company had revenue of $530.51 million for the quarter, compared to the consensus estimate of $529.48 million. During the same period last year, the company earned $2.03 earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning grew its holdings in AvalonBay Communities by 0.4% during the 2nd quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 2 shares during the last quarter. BB&T Securities LLC grew its holdings in AvalonBay Communities by 0.5% during the 1st quarter. BB&T Securities LLC now owns 3,508 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 16 shares during the last quarter. Conning Inc. grew its holdings in AvalonBay Communities by 0.4% during the 2nd quarter. Conning Inc. now owns 4,289 shares of the real estate investment trust’s stock worth $824,000 after acquiring an additional 19 shares during the last quarter. Miles Capital Inc. lifted its position in shares of AvalonBay Communities by 2.8% in the 2nd quarter. Miles Capital Inc. now owns 1,402 shares of the real estate investment trust’s stock worth $269,000 after purchasing an additional 38 shares during the period. Finally, Blair William & Co. IL lifted its position in shares of AvalonBay Communities by 0.6% in the 1st quarter. Blair William & Co. IL now owns 7,171 shares of the real estate investment trust’s stock worth $1,317,000 after purchasing an additional 44 shares during the period. 97.54% of the stock is currently owned by hedge funds and other institutional investors.
AvalonBay Communities Company Profile
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.
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