Brokerages Expect AvalonBay Communities, Inc. (NYSE:AVB) to Post $2.15 EPS

Wall Street brokerages expect AvalonBay Communities, Inc. (NYSE:AVB) to report $2.15 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for AvalonBay Communities’ earnings, with the highest EPS estimate coming in at $2.27 and the lowest estimate coming in at $2.04. AvalonBay Communities posted earnings of $2.02 per share in the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The business is scheduled to issue its next earnings results on Wednesday, February 2nd.

On average, analysts expect that AvalonBay Communities will report full year earnings of $8.09 per share for the current year, with EPS estimates ranging from $7.84 to $8.25. For the next financial year, analysts forecast that the business will post earnings of $9.06 per share, with EPS estimates ranging from $8.67 to $9.69. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow AvalonBay Communities.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Tuesday, October 26th. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.99 by ($1.43). AvalonBay Communities had a net margin of 44.91% and a return on equity of 9.37%. During the same quarter in the prior year, the firm posted $2.06 earnings per share.

A number of brokerages have recently issued reports on AVB. Colliers Securities reissued a “hold” rating and issued a $255.00 target price on shares of AvalonBay Communities in a research report on Friday, September 24th. Royal Bank of Canada upped their price objective on shares of AvalonBay Communities from $238.00 to $242.00 and gave the stock a “sector perform” rating in a research report on Friday, October 29th. TheStreet raised shares of AvalonBay Communities from a “c+” rating to a “b” rating in a research report on Wednesday, July 28th. Mizuho upped their price objective on shares of AvalonBay Communities from $231.00 to $251.00 and gave the stock a “buy” rating in a research report on Wednesday, September 29th. Finally, KeyCorp upped their price objective on shares of AvalonBay Communities from $236.00 to $244.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, AvalonBay Communities currently has a consensus rating of “Hold” and a consensus target price of $230.25.

Shares of AvalonBay Communities stock traded up $4.13 during trading on Thursday, reaching $246.86. The company’s stock had a trading volume of 323,735 shares, compared to its average volume of 705,359. The business’s 50-day moving average price is $232.11 and its 200-day moving average price is $222.58. The firm has a market cap of $34.50 billion, a PE ratio of 34.14, a P/E/G ratio of 7.26 and a beta of 0.93. AvalonBay Communities has a 52 week low of $154.84 and a 52 week high of $247.45. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.72.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 18th. Shareholders of record on Friday, December 31st will be paid a dividend of $1.59 per share. This is an increase from AvalonBay Communities’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $6.36 annualized dividend and a yield of 2.58%. AvalonBay Communities’s payout ratio is presently 87.97%.

In other AvalonBay Communities news, EVP Edward M. Schulman sold 245 shares of the stock in a transaction that occurred on Tuesday, November 23rd. The shares were sold at an average price of $240.94, for a total transaction of $59,030.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP William M. Mclaughlin sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 17th. The stock was sold at an average price of $243.79, for a total value of $1,218,950.00. The disclosure for this sale can be found here. Insiders sold 27,088 shares of company stock valued at $6,268,887 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Danda Trouve Investment Management Inc. purchased a new stake in AvalonBay Communities in the 3rd quarter valued at $28,000. Arkadios Wealth Advisors raised its position in AvalonBay Communities by 265.0% in the 2nd quarter. Arkadios Wealth Advisors now owns 146 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 106 shares during the last quarter. Smith Asset Management Group LP purchased a new stake in AvalonBay Communities in the 2nd quarter valued at $32,000. Jones Financial Companies Lllp purchased a new stake in AvalonBay Communities in the 3rd quarter valued at $33,000. Finally, Massmutual Trust Co. FSB ADV raised its position in AvalonBay Communities by 240.4% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 160 shares of the real estate investment trust’s stock valued at $35,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 87.39% 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: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities.

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Earnings History and Estimates for AvalonBay Communities (NYSE:AVB)

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