AvalonBay Communities, Inc. (AVB) to Issue Quarterly Dividend of $1.75 on January 15th

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 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

AvalonBay Communities has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 3 years. AvalonBay Communities has a dividend 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. 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 Performance

Shares of NYSE AVB opened at $183.15 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market cap of $25.93 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 3.22 and a beta of 0.74. The stock’s fifty day moving average price is $179.98 and its two-hundred day moving average price is $189.94. AvalonBay Communities has a one year low of $166.73 and a one year high of $230.21.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). The firm had revenue of $766.80 million for the quarter, compared to analyst estimates of $766.22 million. AvalonBay Communities had a return on equity of 9.72% and a net margin of 38.78%.During the same period in the prior year, the business posted $2.74 EPS. On average, equities analysts forecast that AvalonBay Communities will post 11.48 EPS for the current year.

About AvalonBay Communities

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.