AvalonBay Communities, Inc. Declares Quarterly Dividend of $1.75 (NYSE:AVB)

AvalonBay Communities, Inc. (NYSE:AVB) declared a quarterly dividend on Wednesday, November 19th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 1.75 per share by the real estate investment trust on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

AvalonBay Communities has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. AvalonBay Communities has a payout ratio of 122.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect AvalonBay Communities to earn $12.20 per share next year, which means the company should continue to be able to cover its $7.00 annual dividend with an expected future payout ratio of 57.4%.

AvalonBay Communities Stock Down 0.2%

AvalonBay Communities stock opened at $177.01 on Thursday. The company has a market capitalization of $25.06 billion, a PE ratio of 21.61, a PEG ratio of 2.54 and a beta of 0.84. The firm’s fifty day moving average is $185.66 and its 200 day moving average is $194.78. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities has a 12-month low of $166.73 and a 12-month high of $239.29.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.06). The business had revenue of $766.80 million during the quarter, compared to analyst estimates of $766.22 million. AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.75%. During the same period in the previous year, the business posted $2.74 EPS. As a group, sell-side analysts predict that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

About AvalonBay Communities

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.