Shares of AvalonBay Communities, Inc. (NYSE:AVB) have received an average recommendation of “Hold” from the twenty analysts that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $201.40.
A number of brokerages recently weighed in on AVB. UBS Group raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and boosted their price target for the company from $190.00 to $206.00 in a research report on Thursday, November 9th. Mizuho reissued a “buy” rating and issued a $220.00 price target on shares of AvalonBay Communities in a research report on Monday, November 6th. Evercore ISI raised shares of AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 price target for the company in a research report on Monday, September 25th. Stifel Nicolaus reissued a “buy” rating and issued a $209.00 price target on shares of AvalonBay Communities in a research report on Wednesday, October 4th. Finally, KeyCorp reissued a “hold” rating on shares of AvalonBay Communities in a research report on Sunday, September 24th.
In other news, CEO Timothy J. Naughton sold 25,160 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total value of $4,625,414.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Leo S. Horey III sold 2,000 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $181.89, for a total transaction of $363,780.00. The disclosure for this sale can be found here. Insiders sold 30,660 shares of company stock valued at $5,628,669 over the last ninety days. Corporate insiders own 0.46% of the company’s stock.
Shares of AvalonBay Communities (AVB) traded down $0.35 during mid-day trading on Friday, hitting $174.26. 678,170 shares of the company were exchanged, compared to its average volume of 576,625. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $24,550.65, a P/E ratio of 27.23, a P/E/G ratio of 2.65 and a beta of 0.35. AvalonBay Communities has a 12-month low of $169.50 and a 12-month high of $199.52.
AvalonBay Communities (NYSE:AVB) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.45). The firm had revenue of $550.50 million for the quarter, compared to analyst estimates of $539.69 million. AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.11 EPS. equities analysts expect that AvalonBay Communities will post 8.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $1.42 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.26%. AvalonBay Communities’s payout ratio is 88.75%.
TRADEMARK VIOLATION NOTICE: “AvalonBay Communities, Inc. (AVB) Given Average Rating of “Hold” by Brokerages” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://www.americanbankingnews.com/2018/01/05/avalonbay-communities-inc-avb-given-average-rating-of-hold-by-brokerages.html.
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.
Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter.