AvalonBay Communities, Inc. (NYSE:AVB) – Equities researchers at Jefferies Group cut their FY2018 earnings per share (EPS) estimates for shares of AvalonBay Communities in a report released on Tuesday. Jefferies Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings of $9.16 per share for the year, down from their previous forecast of $9.22.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data 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). AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The firm had revenue of $550.50 million during the quarter, compared to analyst estimates of $539.69 million. During the same period in the prior year, the business posted $2.11 EPS. The company’s revenue for the quarter was up 6.6% on a year-over-year basis.

A number of other research firms have also commented on AVB. UBS Group raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $190.00 to $206.00 in a research note on Thursday, November 9th. BMO Capital Markets reaffirmed a “hold” rating and issued a $190.00 price objective on shares of AvalonBay Communities in a research note on Monday, November 27th. JPMorgan Chase & Co. lowered shares of AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research note on Friday, December 15th. Royal Bank of Canada decreased their price objective on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a research note on Monday, November 6th. Finally, Mizuho reiterated a “buy” rating and issued a $220.00 target price on shares of AvalonBay Communities in a research report on Monday, November 6th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. AvalonBay Communities has an average rating of “Hold” and an average target price of $200.40.

AvalonBay Communities (AVB) traded up $0.88 during trading on Thursday, reaching $169.91. 540,200 shares of the company were exchanged, compared to its average volume of 553,518. AvalonBay Communities has a 1 year low of $167.51 and a 1 year high of $199.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69. The firm has a market cap of $23,341.00, a price-to-earnings ratio of 26.55, a price-to-earnings-growth ratio of 2.51 and a beta of 0.35.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th were given a $1.42 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a yield of 3.34%. AvalonBay Communities’s payout ratio is 88.75%.

In other news, insider Leo S. Horey III sold 2,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $182.75, for a total transaction of $365,500.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Timothy J. Naughton sold 25,160 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total transaction of $4,625,414.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,660 shares of company stock valued at $5,628,669. Insiders own 0.46% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Amica Retiree Medical Trust bought a new position in shares of AvalonBay Communities during the 3rd quarter valued at $132,000. WFG Advisors LP raised its holdings in shares of AvalonBay Communities by 24.9% during the 2nd quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 167 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in shares of AvalonBay Communities during the 2nd quarter valued at $226,000. Dynamic Technology Lab Private Ltd acquired a new position in AvalonBay Communities in the 3rd quarter valued at $227,000. Finally, Lincoln National Corp acquired a new position in AvalonBay Communities in the 3rd quarter valued at $239,000. Institutional investors and hedge funds own 94.86% of the company’s stock.

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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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