AvalonBay Communities (AVB) Set to Announce Earnings on Tuesday

AvalonBay Communities (NYSE:AVB) is set to post its quarterly earnings results after the market closes on Tuesday, January 30th. Analysts expect AvalonBay Communities to post earnings of $1.22 per share for the quarter.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.17 by ($0.45). AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The business had revenue of $550.50 million during the quarter, compared to analyst estimates of $539.69 million. During the same quarter last year, the company posted $2.11 EPS. AvalonBay Communities’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, analysts expect AvalonBay Communities to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

AvalonBay Communities (NYSE:AVB) opened at $170.10 on Tuesday. AvalonBay Communities has a fifty-two week low of $167.09 and a fifty-two week high of $199.52. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.10 and a quick ratio of 0.10. The firm has a market cap of $23,490.00, a P/E ratio of 26.66, a P/E/G ratio of 2.50 and a beta of 0.35.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Friday, December 29th were issued a $1.42 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $5.68 annualized dividend and a yield of 3.34%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 89.03%.

In related news, 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 value of $4,625,414.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, COO Sean J. Breslin sold 1,500 shares of AvalonBay Communities stock in a transaction on Monday, December 11th. The shares were sold at an average price of $182.65, for a total transaction of $273,975.00. The disclosure for this sale can be found here. Insiders have sold a total of 30,660 shares of company stock worth $5,628,669 in the last ninety days. Corporate insiders own 0.46% of the company’s stock.

Several equities analysts recently weighed in on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $185.00 price target on shares of AvalonBay Communities in a report on Friday. Robert W. Baird reiterated a “buy” rating and issued a $187.00 price target on shares of AvalonBay Communities in a report on Tuesday, January 9th. BMO Capital Markets reiterated a “hold” rating and issued a $190.00 price target on shares of AvalonBay Communities in a report on Monday, November 27th. Mizuho reiterated a “buy” rating and issued a $220.00 price target on shares of AvalonBay Communities in a report on Monday, November 6th. Finally, Evercore ISI upgraded shares of AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 price target on the stock in a report on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $199.40.

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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 for AvalonBay Communities (NYSE:AVB)

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