Brokerages Set AvalonBay Communities, Inc. (NYSE:AVB) Target Price at $196.80

AvalonBay Communities, Inc. (NYSE:AVB) has received an average recommendation of “Hold” from the eighteen analysts that are covering the stock, Marketbeat.com reports. Fifteen research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $196.80.

A number of equities analysts recently commented on the stock. Truist Financial lifted their target price on shares of AvalonBay Communities from $201.00 to $202.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada raised their price objective on AvalonBay Communities from $180.00 to $188.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 29th. Wall Street Zen upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised AvalonBay Communities from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Finally, Jefferies Financial Group upgraded AvalonBay Communities to a “hold” rating in a report on Wednesday, July 22nd.

Institutional Trading of AvalonBay Communities

Institutional investors have recently made changes to their positions in the stock. Reflection Asset Management purchased a new position in shares of AvalonBay Communities in the fourth quarter worth $25,000. Clearstead Trust LLC boosted its position in AvalonBay Communities by 56.0% during the 1st quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 56 shares during the period. Zions Bancorporation National Association UT boosted its position in AvalonBay Communities by 300.0% during the 4th quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock valued at $29,000 after buying an additional 120 shares during the period. BOKF NA purchased a new stake in AvalonBay Communities during the 3rd quarter valued at $31,000. Finally, Headlands Technologies LLC bought a new stake in AvalonBay Communities in the 2nd quarter worth $36,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Trading Up 1.2%

AVB stock opened at $192.59 on Monday. The company has a market capitalization of $27.36 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 3.31 and a beta of 0.77. AvalonBay Communities has a one year low of $160.10 and a one year high of $202.07. The company’s 50 day moving average price is $187.77 and its two-hundred day moving average price is $179.59. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.62 and a current ratio of 0.62.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $1.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.12). AvalonBay Communities had a net margin of 33.33% and a return on equity of 8.58%. The business had revenue of $777.77 million during the quarter, compared to analysts’ expectations of $772.37 million. During the same period last year, the company posted $2.82 EPS. As a group, analysts predict that AvalonBay Communities will post 11.29 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $1.78 dividend. This represents a $7.12 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Tuesday, June 30th. AvalonBay Communities’s payout ratio is 103.19%.

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.