AvalonBay Communities (NYSE:AVB) Releases Earnings Results

AvalonBay Communities (NYSE:AVB) released its earnings results on Wednesday. The real estate investment trust reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.03), Zacks reports. AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. AvalonBay Communities updated its Q1 2025 guidance to 2.750-2.850 EPS and its FY 2025 guidance to 11.140-11.640 EPS.

AvalonBay Communities Trading Up 1.6 %

AVB stock traded up $3.52 during trading on Wednesday, hitting $224.27. The company had a trading volume of 578,261 shares, compared to its average volume of 607,816. The company has a 50 day simple moving average of $221.39 and a 200-day simple moving average of $221.97. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70. AvalonBay Communities has a 52-week low of $169.37 and a 52-week high of $239.29. The firm has a market capitalization of $31.90 billion, a P/E ratio of 30.68, a PEG ratio of 3.09 and a beta of 1.00.

AvalonBay Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Tuesday, December 31st. AvalonBay Communities’s dividend payout ratio is currently 93.02%.

Insider Buying and Selling

In other AvalonBay Communities news, Director Timothy J. Naughton sold 23,697 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $233.47, for a total transaction of $5,532,538.59. Following the completion of the sale, the director now owns 87,239 shares in the company, valued at $20,367,689.33. This represents a 21.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Barclays dropped their price objective on AvalonBay Communities from $243.00 to $230.00 and set an “equal weight” rating for the company in a research note on Friday, January 24th. Mizuho upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $239.00 to $242.00 in a research report on Monday, January 6th. Royal Bank of Canada lowered their target price on shares of AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 6th. Scotiabank dropped their price objective on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, Morgan Stanley downgraded AvalonBay Communities from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $236.00 to $223.00 in a research report on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $234.60.

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: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.