AvalonBay Communities (NYSE:AVB – Get Free Report) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $1.11 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.12), Zacks reports. The firm had revenue of $777.77 million during the quarter, compared to analyst estimates of $772.37 million. AvalonBay Communities had a net margin of 33.33% and a return on equity of 8.64%. During the same period in the previous year, the firm posted $2.82 earnings per share.
AvalonBay Communities Stock Performance
Shares of AVB opened at $190.98 on Friday. AvalonBay Communities has a 1 year low of $160.10 and a 1 year high of $203.29. The stock has a market capitalization of $27.13 billion, a PE ratio of 27.68, a PEG ratio of 3.31 and a beta of 0.77. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a 50-day simple moving average of $187.32 and a 200-day simple moving average of $179.36.
AvalonBay Communities Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, June 30th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 103.19%.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Barclays reissued an “equal weight” rating and set a $205.00 target price (up from $203.00) on shares of AvalonBay Communities in a research note on Tuesday, July 14th. Jefferies Financial Group upgraded shares of AvalonBay Communities to a “hold” rating in a research note on Wednesday. UBS Group reduced their price target on shares of AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Wells Fargo & Company lowered their price objective on shares of AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Finally, Scotiabank lifted their price objective on shares of AvalonBay Communities from $187.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday, July 9th. Three equities research analysts have rated the stock with a Buy rating and fifteen have assigned a Hold rating to the company. According to data from MarketBeat, AvalonBay Communities presently has an average rating of “Hold” and a consensus target price of $196.80.
View Our Latest Analysis on AvalonBay Communities
About AvalonBay Communities
AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.
AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.
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