AvalonBay Communities (AVB) Receiving Somewhat Positive Press Coverage, Study Finds
News headlines about AvalonBay Communities (NYSE:AVB) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. AvalonBay Communities earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.7155511240846 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s analysis:
- AvalonBay Communities, Inc. breached its 50 day moving average in a Bullish Manner : AVB-US : August 15, 2017 (finance.yahoo.com)
- Cantor Fitzgerald Comments on AvalonBay Communities, Inc.’s FY2017 Earnings (NYSE:AVB) (americanbankingnews.com)
- IHS Markit Score upgrades AvalonBay Communities Inc to 69 out of 100, ranking positively in three out of four IHS Markit categories. (finance.yahoo.com)
- Financing Activities Leverage AvalonBay’s Balance Sheet in 2Q17 (finance.yahoo.com)
A number of analysts recently commented on the stock. Royal Bank Of Canada reiterated a “buy” rating and issued a $203.00 target price on shares of AvalonBay Communities in a report on Sunday, July 16th. Barclays PLC boosted their target price on shares of AvalonBay Communities from $174.00 to $188.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 19th. BTIG Research boosted their target price on shares of AvalonBay Communities from $191.00 to $200.00 and gave the stock a “buy” rating in a report on Monday, April 24th. Jefferies Group LLC reiterated a “hold” rating and issued a $196.00 target price on shares of AvalonBay Communities in a report on Monday, April 24th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $191.00 target price on shares of AvalonBay Communities in a report on Thursday, May 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $193.58.
AvalonBay Communities (NYSE AVB) traded up 0.26% during mid-day trading on Tuesday, hitting $192.07. 633,093 shares of the company traded hands. AvalonBay Communities has a one year low of $158.32 and a one year high of $199.52. The stock has a market capitalization of $26.45 billion, a price-to-earnings ratio of 26.45 and a beta of 0.34. The company’s 50-day moving average is $189.99 and its 200-day moving average is $187.51.
AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.14 by $0.05. AvalonBay Communities had a net margin of 47.90% and a return on equity of 9.88%. The firm had revenue of $530.51 million during the quarter, compared to the consensus estimate of $529.48 million. During the same period in the prior year, the business posted $2.03 earnings per share. Analysts predict that AvalonBay Communities will post $5.19 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a $1.42 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $5.68 annualized dividend and a dividend yield of 2.96%. AvalonBay Communities’s dividend payout ratio is presently 78.13%.
In related news, insider William M. Mclaughlin sold 5,112 shares of the firm’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $193.88, for a total value of $991,114.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.53% of the stock is currently owned by company insiders.
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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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