Wedbush Expects Stronger Earnings for AvalonBay Communities

AvalonBay Communities, Inc. (NYSE:AVB) – Stock analysts at Wedbush raised their FY2025 earnings estimates for AvalonBay Communities in a report released on Monday, May 5th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will earn $11.45 per share for the year, up from their prior estimate of $11.42. The consensus estimate for AvalonBay Communities’ current full-year earnings is $11.48 per share.

Several other equities analysts have also issued reports on AVB. Truist Financial increased their target price on AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research note on Monday, March 10th. Barclays upped their target price on shares of AvalonBay Communities from $226.00 to $227.00 and gave the stock an “equal weight” rating in a research note on Friday, April 11th. Morgan Stanley cut shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $236.00 to $223.00 in a research report on Friday, January 24th. Zelman & Associates raised AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada lowered their target price on AvalonBay Communities from $223.00 to $220.00 and set a “sector perform” rating for the company in a research note on Thursday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, AvalonBay Communities currently has an average rating of “Hold” and an average price target of $237.93.

AvalonBay Communities Stock Performance

Shares of AvalonBay Communities stock opened at $204.34 on Wednesday. The firm has a market cap of $29.09 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 3.11 and a beta of 0.86. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities has a 52 week low of $180.40 and a 52 week high of $239.29. The business’s fifty day simple moving average is $207.35 and its 200-day simple moving average is $217.71.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.03. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. The company had revenue of $693.43 million during the quarter, compared to analysts’ expectations of $744.61 million. During the same quarter in the prior year, the company earned $2.70 EPS.

Hedge Funds Weigh In On AvalonBay Communities

Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in AvalonBay Communities during the fourth quarter valued at approximately $1,499,050,000. Price T Rowe Associates Inc. MD boosted its stake in shares of AvalonBay Communities by 35.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,152,183 shares of the real estate investment trust’s stock worth $1,133,328,000 after acquiring an additional 1,336,698 shares in the last quarter. Northern Trust Corp grew its holdings in shares of AvalonBay Communities by 54.8% in the 4th quarter. Northern Trust Corp now owns 2,642,743 shares of the real estate investment trust’s stock worth $581,324,000 after acquiring an additional 935,770 shares during the last quarter. Wellington Management Group LLP raised its position in shares of AvalonBay Communities by 49.9% during the fourth quarter. Wellington Management Group LLP now owns 2,488,975 shares of the real estate investment trust’s stock worth $547,500,000 after purchasing an additional 828,009 shares during the period. Finally, Cohen & Steers Inc. lifted its holdings in shares of AvalonBay Communities by 25.7% during the fourth quarter. Cohen & Steers Inc. now owns 3,130,108 shares of the real estate investment trust’s stock valued at $688,527,000 after purchasing an additional 639,402 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.