Somewhat Favorable Media Coverage Somewhat Unlikely to Affect AvalonBay Communities (NYSE:AVB) Share Price

Media coverage about AvalonBay Communities (NYSE:AVB) has been trending somewhat positive this week, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. AvalonBay Communities earned a daily sentiment score of 0.19 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.7087209123158 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the headlines that may have effected Accern’s rankings:

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AVB stock traded down $0.60 during midday trading on Wednesday, hitting $164.36. 140,352 shares of the stock traded hands, compared to its average volume of 848,828. The firm has a market cap of $22,462.62, a PE ratio of 19.19, a P/E/G ratio of 2.54 and a beta of 0.36. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.19 and a current ratio of 0.19. AvalonBay Communities has a 1-year low of $152.65 and a 1-year high of $199.52.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $1.03. The business had revenue of $555.29 million for the quarter, compared to the consensus estimate of $554.20 million. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $2.12 earnings per share. research analysts predict that AvalonBay Communities will post 8.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a yield of 3.58%. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 68.21%.

A number of equities analysts have commented on AVB shares. Mizuho set a $185.00 target price on shares of AvalonBay Communities and gave the stock a “buy” rating in a research note on Friday, February 9th. SunTrust Banks set a $194.00 price target on shares of AvalonBay Communities and gave the stock a “buy” rating in a research report on Monday, January 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $185.00 price target on shares of AvalonBay Communities in a research report on Friday, January 19th. Robert W. Baird reaffirmed a “buy” rating and issued a $187.00 price target on shares of AvalonBay Communities in a research report on Tuesday, January 9th. Finally, Argus lowered their price target on shares of AvalonBay Communities from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, March 1st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $191.06.

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About AvalonBay Communities

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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