AvalonBay Communities, Inc. (NYSE:AVB) – Stock analysts at Jefferies Group reduced their Q4 2017 EPS estimates for shares of AvalonBay Communities in a research note issued to investors on Tuesday. Jefferies Group analyst O. Okusanya now forecasts that the real estate investment trust will post earnings of $2.24 per share for the quarter, down from their previous forecast of $2.25.

Several other equities analysts have also weighed in on AVB. KeyCorp reaffirmed a “hold” rating on shares of AvalonBay Communities in a report on Sunday, September 24th. Evercore ISI raised shares of AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 target price for the company in a report on Monday, September 25th. Stifel Nicolaus reaffirmed a “buy” rating and set a $209.00 target price on shares of AvalonBay Communities in a report on Wednesday, October 4th. Zacks Investment Research raised shares of AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Finally, Mizuho reaffirmed a “buy” rating and set a $220.00 target price on shares of AvalonBay Communities in a 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 given 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) opened at $167.79 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.10 and a current ratio of 0.10. The firm has a market cap of $23,462.52, a P/E ratio of 26.22, a PEG ratio of 2.52 and a beta of 0.35. AvalonBay Communities has a 1-year low of $167.09 and a 1-year high of $199.52.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.45). The firm had revenue of $550.50 million for the quarter, compared to analysts’ expectations of $539.69 million. AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. AvalonBay Communities’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the firm earned $2.11 earnings per share.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were paid 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 3.39%. AvalonBay Communities’s dividend payout ratio is currently 88.75%.

In related news, insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $182.75, for a total value of $365,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Timothy J. Naughton sold 25,160 shares of AvalonBay Communities 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. Insiders sold a total of 30,660 shares of company stock worth $5,628,669 in the last three months. 0.46% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Miles Capital Inc. boosted its stake in AvalonBay Communities by 2.8% during 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 last quarter. WFG Advisors LP boosted its stake in AvalonBay Communities by 24.9% during the 2nd quarter. WFG Advisors LP now owns 839 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 167 shares during the last quarter. Phocas Financial Corp. boosted its stake in AvalonBay Communities by 1.6% during the 2nd quarter. Phocas Financial Corp. now owns 13,396 shares of the real estate investment trust’s stock worth $2,574,000 after purchasing an additional 207 shares during the last quarter. HighTower Advisors LLC boosted its stake in AvalonBay Communities by 3.8% during the 2nd quarter. HighTower Advisors LLC now owns 6,098 shares of the real estate investment trust’s stock worth $1,170,000 after purchasing an additional 221 shares during the last quarter. Finally, Advisor Group Inc. boosted its stake in AvalonBay Communities by 10.1% during the 2nd quarter. Advisor Group Inc. now owns 2,949 shares of the real estate investment trust’s stock worth $566,000 after purchasing an additional 271 shares during the last quarter. 94.86% of the stock is currently owned by institutional investors.

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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.

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

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