AvalonBay Communities, Inc. (NYSE:AVB) Receives $235.73 Average PT from Brokerages

Shares of AvalonBay Communities, Inc. (NYSE:AVB) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $238.64.

AVB has been the topic of several analyst reports. Zelman & Associates upgraded shares of AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research report on Thursday, February 13th. Evercore ISI raised their price target on shares of AvalonBay Communities from $230.00 to $240.00 and gave the company an “in-line” rating in a research report on Monday, February 10th. Piper Sandler dropped their price target on shares of AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and raised their price target for the company from $247.00 to $262.00 in a research report on Tuesday, December 17th. Finally, Scotiabank dropped their price target on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th.

AvalonBay Communities Stock Down 0.3 %

NYSE:AVB opened at $218.78 on Monday. The firm has a market capitalization of $31.12 billion, a P/E ratio of 28.82, a PEG ratio of 3.09 and a beta of 0.99. AvalonBay Communities has a 1-year low of $172.85 and a 1-year high of $239.29. The company’s fifty day moving average price is $218.76 and its 200-day moving average price is $222.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. As a group, equities research analysts anticipate that AvalonBay Communities will post 11.48 EPS for the current year.

AvalonBay Communities Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $1.75 dividend. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. This represents a $7.00 annualized dividend and a dividend yield of 3.20%. AvalonBay Communities’s dividend payout ratio (DPR) is 92.23%.

Institutional Trading of AvalonBay Communities

Several institutional investors have recently modified their holdings of the stock. RPg Family Wealth Advisory LLC purchased a new position in shares of AvalonBay Communities in the third quarter worth about $26,000. Ancora Advisors LLC lifted its stake in shares of AvalonBay Communities by 1,666.7% in the fourth quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 150 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in shares of AvalonBay Communities in the fourth quarter worth about $36,000. Brooklyn Investment Group purchased a new position in shares of AvalonBay Communities in the third quarter worth about $39,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of AvalonBay Communities in the fourth quarter worth about $44,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

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.