AvalonBay Communities (AVB) Expected to Announce Earnings on Wednesday

AvalonBay Communities (NYSE:AVB) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $2.83 per share and revenue of $740.67 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $2.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.71 by ($0.10). AvalonBay Communities had a return on equity of 8.84% and a net margin of 36.20%. The firm had revenue of $734.31 million during the quarter, compared to analysts’ expectations 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 Stock Down 0.5 %

NYSE AVB opened at $220.46 on Tuesday. The stock’s 50-day moving average price is $221.93 and its 200-day moving average price is $221.79. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. AvalonBay Communities has a 52 week low of $169.37 and a 52 week high of $239.29. The company has a market capitalization of $31.36 billion, a P/E ratio of 30.16, a price-to-earnings-growth ratio of 3.09 and a beta of 0.99.

AvalonBay Communities Announces Dividend

The company 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. This represents a $6.80 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, December 31st. AvalonBay Communities’s payout ratio is 93.02%.

Insider Activity at AvalonBay Communities

In other AvalonBay Communities news, Director Timothy J. Naughton sold 2,261 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $233.78, for a total transaction of $528,576.58. Following the completion of the sale, the director now directly owns 111,436 shares of the company’s stock, valued at $26,051,508.08. This represents a 1.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. upgraded AvalonBay Communities from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $247.00 to $262.00 in a report on Tuesday, December 17th. Morgan Stanley lowered 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. Scotiabank reduced their price target on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Royal Bank of Canada reduced their target price on AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 6th. Finally, Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and upped their target price for the company from $239.00 to $242.00 in a research report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $234.60.

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.