Analysts predict that AvalonBay Communities Inc (NYSE:AVB) will report earnings of $2.31 per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for AvalonBay Communities’ earnings, with estimates ranging from $2.29 to $2.33. AvalonBay Communities posted earnings per share of $2.21 during the same quarter last year, which indicates a positive year-over-year growth rate of 4.5%. The company is expected to issue its next quarterly earnings report on Monday, July 29th.

According to Zacks, analysts expect that AvalonBay Communities will report full year earnings of $9.33 per share for the current year, with EPS estimates ranging from $9.25 to $9.40. For the next financial year, analysts forecast that the firm will post earnings of $9.77 per share, with EPS estimates ranging from $9.57 to $9.97. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for AvalonBay Communities.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, April 24th. The real estate investment trust reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.28 by $0.02. AvalonBay Communities had a net margin of 45.94% and a return on equity of 9.52%. The business had revenue of $459.80 million during the quarter, compared to the consensus estimate of $575.92 million. During the same quarter last year, the firm earned $2.18 earnings per share. AvalonBay Communities’s quarterly revenue was up 3.4% on a year-over-year basis.

A number of equities analysts recently weighed in on the stock. Robert W. Baird raised shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $198.00 to $215.00 in a research note on Thursday. Mizuho downgraded shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $210.00 target price for the company. in a research note on Wednesday, May 8th. Argus reissued a “buy” rating and set a $215.00 target price on shares of AvalonBay Communities in a research note on Tuesday, April 30th. Barclays lifted their target price on shares of AvalonBay Communities from $203.00 to $211.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 11th. Finally, KeyCorp lifted their target price on shares of AvalonBay Communities from $199.00 to $207.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $202.38.

NYSE AVB traded up $3.25 during mid-day trading on Friday, reaching $203.01. 212,445 shares of the stock were exchanged, compared to its average volume of 546,556. AvalonBay Communities has a one year low of $156.93 and a one year high of $204.53. The company has a market capitalization of $27.97 billion, a PE ratio of 22.56, a P/E/G ratio of 3.84 and a beta of 0.59. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.67.

In other news, insider William M. Mclaughlin sold 2,500 shares of AvalonBay Communities stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $199.76, for a total transaction of $499,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Timothy J. Naughton sold 67,789 shares of AvalonBay Communities stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $196.41, for a total transaction of $13,314,437.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,468 shares of company stock valued at $18,777,790. Insiders own 0.42% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Calamos Advisors LLC boosted its holdings in AvalonBay Communities by 1.0% during the first quarter. Calamos Advisors LLC now owns 19,004 shares of the real estate investment trust’s stock worth $3,815,000 after purchasing an additional 187 shares during the last quarter. Wedge Capital Management L L P NC increased its holdings in AvalonBay Communities by 2.7% during the 1st quarter. Wedge Capital Management L L P NC now owns 472,813 shares of the real estate investment trust’s stock worth $94,908,000 after acquiring an additional 12,221 shares during the period. Eii Capital Management Inc. increased its holdings in AvalonBay Communities by 4.8% during the 4th quarter. Eii Capital Management Inc. now owns 25,764 shares of the real estate investment trust’s stock worth $4,484,000 after acquiring an additional 1,179 shares during the period. Mn Services Vermogensbeheer B.V. increased its holdings in AvalonBay Communities by 8.3% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 23,495 shares of the real estate investment trust’s stock worth $3,577,000 after acquiring an additional 1,800 shares during the period. Finally, Keeler Thomas Management LLC increased its holdings in AvalonBay Communities by 16.2% during the 1st quarter. Keeler Thomas Management LLC now owns 4,300 shares of the real estate investment trust’s stock worth $863,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 92.13% of the company’s stock.

AvalonBay Communities Company Profile

As of March 31, 2019, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,313 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and nine communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.

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

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