AvalonBay Communities, Inc. (AVB) To Go Ex-Dividend on June 30th

AvalonBay Communities, Inc. (NYSE:AVB) declared a quarterly dividend on Tuesday, June 9th. Shareholders of record on Tuesday, June 30th will be given a dividend of 1.78 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, June 30th.

AvalonBay Communities has raised its dividend payment 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 dividend payout ratio of 124.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect AvalonBay Communities to earn $11.68 per share next year, which means the company should continue to be able to cover its $7.12 annual dividend with an expected future payout ratio of 61.0%.

AvalonBay Communities Stock Performance

Shares of NYSE AVB opened at $190.13 on Friday. The company has a 50-day simple moving average of $182.76 and a 200-day simple moving average of $177.81. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market cap of $26.45 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 3.31 and a beta of 0.78. AvalonBay Communities has a 12 month low of $160.10 and a 12 month high of $206.62.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.47). The firm had revenue of $770.28 million for the quarter, compared to analysts’ expectations of $768.80 million. AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. During the same period in the previous year, the company posted $2.83 EPS. On average, equities analysts anticipate that AvalonBay Communities will post 11.28 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AVB. UBS Group decreased their target price on AvalonBay Communities from $191.00 to $189.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Wolfe Research raised shares of AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 price target on the stock in a research report on Monday, June 1st. Wells Fargo & Company decreased their price objective on shares of AvalonBay Communities from $193.00 to $191.00 and set an “overweight” rating for the company in a research note on Thursday, April 23rd. Royal Bank Of Canada increased their price objective on shares of AvalonBay Communities from $180.00 to $188.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 29th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a research note on Wednesday, April 8th. Four analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $195.13.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.