News stories about AvalonBay Communities (NYSE:AVB) have trended somewhat positive recently, according to Accern Sentiment. The research firm scores the sentiment of media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. AvalonBay Communities earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.3196676734678 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- AvalonBay Communities Inc (AVB) Receives Consensus Rating of “Hold” from Brokerages (americanbankingnews.com)
- AvalonBay Communities Inc (AVB) Position Decreased by The Manufacturers Life Insurance Company (americanbankingnews.com)
- AvalonBay Communities Inc (AVB) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
- AvalonBay Communities, Inc. (AVB) Weighs On Beatable Move and Volatility Analysis – Investing News Update (investingbizz.com)
- Are Investors Rallying Behind AvalonBay Communities, Inc. (NYSE:AVB)? Returns in Focus – Newberry Journal (newberryjournal.com)
Shares of AvalonBay Communities (NYSE:AVB) traded up $2.89 on Friday, hitting $160.01. The stock had a trading volume of 520,237 shares, compared to its average volume of 1,052,908. The stock has a market cap of $21,696.37, a PE ratio of 25.16, a price-to-earnings-growth ratio of 2.43 and a beta of 0.34. AvalonBay Communities has a twelve month low of $154.82 and a twelve month high of $199.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.71.
AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $1.03. The business had revenue of $555.29 million for the quarter, compared to analysts’ expectations of $554.20 million. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 EPS. analysts expect that AvalonBay Communities will post 9 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 3.67%. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio is 89.31%.
A number of research firms recently commented on AVB. Zelman & Associates raised AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Friday, February 9th. BMO Capital Markets reissued a “hold” rating and issued a $187.00 price target on shares of AvalonBay Communities in a report on Wednesday, January 31st. Mizuho set a $185.00 price target on AvalonBay Communities and gave the stock a “buy” rating in a report on Friday, February 9th. Zacks Investment Research cut AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Finally, Sandler O’Neill cut AvalonBay Communities from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. AvalonBay Communities presently has a consensus rating of “Hold” and an average price target of $194.82.
In other news, insider Leo S. Horey III sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $182.75, for a total transaction of $365,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Sean J. Breslin sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $182.65, for a total value 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 over the last ninety days. Insiders own 0.46% of the company’s stock.
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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.
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