AvalonBay Communities (AVB) to Release Quarterly Earnings on Wednesday

AvalonBay Communities (NYSE:AVB) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $2.82 per share and revenue of $740.67 million for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $2.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.10). AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. The business had revenue of $734.31 million during the quarter, compared to the consensus estimate of $731.67 million. During the same period in the previous year, the business posted $2.66 earnings per share. On average, analysts expect AvalonBay Communities to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

AvalonBay Communities Price Performance

Shares of AVB stock opened at $219.33 on Wednesday. AvalonBay Communities has a 52-week low of $169.37 and a 52-week high of $239.29. The stock has a market cap of $31.20 billion, a PE ratio of 30.00, a PEG ratio of 2.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.64 and a current ratio of 1.64. The firm’s 50 day moving average price is $222.83 and its two-hundred day moving average price is $221.39.

AvalonBay Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $1.70 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $6.80 dividend on an annualized basis and a yield of 3.10%. AvalonBay Communities’s payout ratio is presently 93.02%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating on the stock in a research note on Wednesday, November 6th. Mizuho raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $239.00 to $242.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $247.00 to $262.00 in a research report on Tuesday, December 17th. Morgan Stanley cut shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $236.00 to $223.00 in a research report on Friday, January 24th. Finally, Barclays reduced their price target on shares of AvalonBay Communities from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $234.60.

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, Director Timothy J. Naughton sold 23,697 shares of AvalonBay Communities stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $233.47, for a total value of $5,532,538.59. Following the sale, the director now directly owns 87,239 shares in the company, valued at approximately $20,367,689.33. The trade was a 21.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.42% of the company’s stock.

AvalonBay Communities Company Profile

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.