Brokerages predict that AvalonBay Communities, Inc. (NYSE:AVB) will report $2.15 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for AvalonBay Communities’ earnings, with estimates ranging from $2.04 to $2.27. AvalonBay Communities reported earnings of $2.02 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.4%. The business is expected to report its next quarterly earnings report on Wednesday, February 2nd.
According to Zacks, analysts expect that AvalonBay Communities will report full year earnings of $8.09 per share for the current fiscal year, with EPS estimates ranging from $7.84 to $8.25. For the next fiscal year, analysts anticipate that the business will post earnings of $9.06 per share, with EPS estimates ranging from $8.67 to $9.69. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover AvalonBay Communities.
AvalonBay Communities (NYSE:AVB) last issued its earnings results on Tuesday, October 26th. The real estate investment trust reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.99 by ($1.43). AvalonBay Communities had a return on equity of 9.37% and a net margin of 44.91%. During the same quarter last year, the company earned $2.06 EPS.
In other AvalonBay Communities news, CEO Timothy J. Naughton sold 21,843 shares of the business’s stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $228.49, for a total transaction of $4,990,907.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward M. Schulman sold 245 shares of the business’s stock in a transaction dated Tuesday, November 23rd. The stock was sold at an average price of $240.94, for a total value of $59,030.30. The disclosure for this sale can be found here. Insiders have sold 27,088 shares of company stock valued at $6,268,887 in the last ninety days. 0.36% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in AvalonBay Communities by 0.5% in the third quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,292 shares of the real estate investment trust’s stock valued at $1,838,000 after acquiring an additional 45 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in AvalonBay Communities by 11.9% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 433 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 46 shares during the last quarter. Advisory Services Network LLC boosted its holdings in AvalonBay Communities by 3.4% in the third quarter. Advisory Services Network LLC now owns 1,484 shares of the real estate investment trust’s stock valued at $329,000 after acquiring an additional 49 shares during the last quarter. Heritage Wealth Advisors boosted its holdings in AvalonBay Communities by 1.8% in the third quarter. Heritage Wealth Advisors now owns 2,872 shares of the real estate investment trust’s stock valued at $637,000 after acquiring an additional 51 shares during the last quarter. Finally, Veriti Management LLC boosted its holdings in AvalonBay Communities by 1.9% in the second quarter. Veriti Management LLC now owns 2,877 shares of the real estate investment trust’s stock valued at $600,000 after acquiring an additional 53 shares during the last quarter. 87.39% of the stock is owned by institutional investors.
AVB traded up $4.13 during trading on Thursday, reaching $246.86. 323,735 shares of the stock were exchanged, compared to its average volume of 705,359. The stock has a market cap of $34.50 billion, a P/E ratio of 34.14, a price-to-earnings-growth ratio of 7.26 and a beta of 0.93. AvalonBay Communities has a twelve month low of $154.84 and a twelve month high of $247.45. The stock’s 50 day moving average price is $232.11 and its two-hundred day moving average price is $222.58. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.12 and a current ratio of 1.12.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 18th. Investors of record on Friday, December 31st will be given a dividend of $1.59 per share. This is a boost from AvalonBay Communities’s previous quarterly dividend of $0.01. The ex-dividend date is Thursday, December 30th. This represents a $6.36 annualized dividend and a yield of 2.58%. AvalonBay Communities’s dividend payout ratio is currently 87.97%.
AvalonBay Communities Company Profile
AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities.
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