AvalonBay Communities, Inc. (NYSE:AVB) – Equities researchers at Jefferies Group issued their Q4 2017 earnings per share (EPS) estimates for shares of AvalonBay Communities in a research note issued to investors on Friday. Jefferies Group analyst O. Okusanya forecasts that the real estate investment trust will post earnings of $2.22 per share for the quarter. Jefferies Group currently has a “Hold” rating and a $196.00 target price on the stock. Jefferies Group also issued estimates for AvalonBay Communities’ Q1 2018 earnings at $2.14 EPS, Q2 2018 earnings at $2.23 EPS, Q3 2018 earnings at $2.33 EPS, Q4 2018 earnings at $2.42 EPS, FY2018 earnings at $9.11 EPS and FY2019 earnings at $9.93 EPS.
AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.05). AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. The business had revenue of $530.51 million during the quarter, compared to analyst estimates of $529.48 million. During the same period in the previous year, the business posted $2.03 earnings per share.
AVB has been the topic of a number of other research reports. Deutsche Bank AG downgraded AvalonBay Communities from a “buy” rating to a “hold” rating and set a $193.00 price target on the stock. in a report on Wednesday, May 17th. Barclays PLC lifted their price target on AvalonBay Communities from $188.00 to $189.00 and gave the company an “equal weight” rating in a report on Tuesday, July 18th. BidaskClub upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Robert W. Baird reiterated a “buy” rating and set a $202.00 price target on shares of AvalonBay Communities in a report on Friday, September 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $209.00 price target on shares of AvalonBay Communities in a report on Friday, September 1st. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $195.47.
Shares of AvalonBay Communities (NYSE:AVB) opened at 185.11 on Monday. AvalonBay Communities has a 52 week low of $158.32 and a 52 week high of $199.52. The firm has a 50-day moving average price of $189.14 and a 200-day moving average price of $188.97. The firm has a market capitalization of $25.49 billion, a price-to-earnings ratio of 25.49 and a beta of 0.35.
Several hedge funds and other institutional investors have recently bought and sold shares of AVB. Creative Planning lifted its position in shares of AvalonBay Communities by 0.4% during the 2nd quarter. Creative Planning now owns 542 shares of the real estate investment trust’s stock worth $104,000 after purchasing an additional 2 shares during the last quarter. Muzinich & Co. Inc. lifted its position in shares of AvalonBay Communities by 104.0% during the 1st quarter. Muzinich & Co. Inc. now owns 665 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 339 shares during the last quarter. WFG Advisors LP lifted its position 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 worth $161,000 after purchasing an additional 167 shares during the last quarter. Perigon Wealth Management LLC lifted its position in shares of AvalonBay Communities by 546.9% during the 1st quarter. Perigon Wealth Management LLC now owns 1,035 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 875 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in shares of AvalonBay Communities during the 2nd quarter worth about $201,000. 97.54% of the stock is owned by institutional investors and hedge funds.
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.
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