AvalonBay Communities, Inc. (NYSE:AVB) announced a quarterly dividend on Thursday, September 14th, RTT News reports. Shareholders of record on Friday, September 29th will be given a dividend of 1.42 per share by the real estate investment trust on Monday, October 16th. This represents a $5.68 dividend on an annualized basis and a yield of 3.09%.

AvalonBay Communities has increased its dividend by an average of 8.2% annually over the last three years and has raised its dividend every year for the last 5 years. AvalonBay Communities has a dividend payout ratio of 66.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect AvalonBay Communities to earn $4.82 per share next year, which means the company may not be able to cover its $5.68 annual dividend with an expected future payout ratio of 117.8%.

AvalonBay Communities (AVB) traded down 0.05% during midday trading on Thursday, reaching $183.75. 808,599 shares of the company’s stock were exchanged. AvalonBay Communities has a 52 week low of $158.32 and a 52 week high of $199.52. The company has a market cap of $25.30 billion, a price-to-earnings ratio of 25.31 and a beta of 0.35. The firm has a 50-day moving average price of $189.01 and a 200 day moving average price of $188.98.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.05). The firm had revenue of $530.51 million for the quarter, compared to analyst estimates of $529.48 million. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. During the same quarter in the prior year, the firm earned $2.03 earnings per share. Analysts anticipate that AvalonBay Communities will post $5.19 EPS for the current year.

A number of analysts have issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $203.00 price objective on shares of AvalonBay Communities in a report on Sunday, July 16th. 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 cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price objective for the company. in a research report on Wednesday, May 17th. Argus initiated coverage on shares of AvalonBay Communities in a research report on Thursday, June 22nd. They set a “buy” rating and a $220.00 price objective for the company. Finally, BidaskClub upgraded shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. AvalonBay Communities has an average rating of “Hold” and an average target price of $195.47.

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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.

Dividend History for AvalonBay Communities (NYSE:AVB)

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