Brokerages Anticipate AvalonBay Communities Inc (AVB) Will Post Earnings of $2.26 Per Share

Wall Street brokerages forecast that AvalonBay Communities Inc (NYSE:AVB) will report $2.26 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for AvalonBay Communities’ earnings, with the highest EPS estimate coming in at $2.29 and the lowest estimate coming in at $2.13. AvalonBay Communities posted earnings of $2.59 per share in the same quarter last year, which would suggest a negative year over year growth rate of 12.7%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, October 30th.

On average, analysts expect that AvalonBay Communities will report full year earnings of $8.43 per share for the current financial year, with EPS estimates ranging from $8.26 to $8.48. For the next financial year, analysts forecast that the firm will report earnings of $9.08 per share, with EPS estimates ranging from $8.93 to $9.23. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover AvalonBay Communities.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.14 by ($0.05). The firm had revenue of $530.51 million during the quarter, compared to analysts’ expectations of $529.48 million. AvalonBay Communities had a net margin of 31.14% and a return on equity of 6.43%. During the same quarter last year, the company posted $2.03 earnings per share.

AVB has been the topic of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $209.00 price target on shares of AvalonBay Communities in a research note on Wednesday, October 4th. Robert W. Baird reissued a “buy” rating and issued a $202.00 price target on shares of AvalonBay Communities in a research note on Friday, September 1st. BidaskClub cut AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price target on the stock. in a research note on Tuesday, September 5th. Finally, Barclays PLC lifted their target price on AvalonBay Communities from $188.00 to $189.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $196.00.

Shares of AvalonBay Communities (NYSE:AVB) traded up 0.33% on Friday, hitting $181.19. 722,661 shares of the stock traded hands. AvalonBay Communities has a one year low of $158.32 and a one year high of $199.52. The company’s 50 day moving average is $181.60 and its 200 day moving average is $188.30. The stock has a market cap of $24.95 billion, a price-to-earnings ratio of 24.95 and a beta of 0.36.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, September 28th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 78.13%.

ILLEGAL ACTIVITY NOTICE: “Brokerages Anticipate AvalonBay Communities Inc (AVB) Will Post Earnings of $2.26 Per Share” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/20/brokerages-anticipate-avalonbay-communities-inc-avb-will-post-earnings-of-2-26-per-share.html.

Several institutional investors have recently made changes to their positions in AVB. Stifel Financial Corp increased its holdings in shares of AvalonBay Communities by 4.6% in the first quarter. Stifel Financial Corp now owns 6,185 shares of the real estate investment trust’s stock worth $1,135,000 after acquiring an additional 270 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of AvalonBay Communities by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,430 shares of the real estate investment trust’s stock worth $813,000 after acquiring an additional 60 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in shares of AvalonBay Communities by 85.4% in the first quarter. Kennedy Capital Management Inc. now owns 24,234 shares of the real estate investment trust’s stock worth $4,449,000 after acquiring an additional 11,166 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of AvalonBay Communities in the first quarter worth about $2,640,000. Finally, Gotham Asset Management LLC bought a new stake in shares of AvalonBay Communities in the first quarter worth about $1,275,000. Institutional investors own 97.50% of the company’s stock.

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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On average, analysts expect that AvalonBay Communities will report full year earnings of $8.43 per share for the current financial year, with EPS estimates ranging from $8.26 to $8.48. For the next financial year, analysts forecast that the firm will report earnings of $9.08 per share, with EPS estimates ranging from $8.93 to $9.23. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover AvalonBay Communities.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.14 by ($0.05). The firm had revenue of $530.51 million during the quarter, compared to analysts’ expectations of $529.48 million. AvalonBay Communities had a net margin of 31.14% and a return on equity of 6.43%. During the same quarter last year, the company posted $2.03 earnings per share.

AVB has been the topic of a number of analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $209.00 price target on shares of AvalonBay Communities in a research note on Wednesday, October 4th. Robert W. Baird reissued a “buy” rating and issued a $202.00 price target on shares of AvalonBay Communities in a research note on Friday, September 1st. BidaskClub cut AvalonBay Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. Goldman Sachs Group, Inc. (The) cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price target on the stock. in a research note on Tuesday, September 5th. Finally, Barclays PLC lifted their target price on AvalonBay Communities from $188.00 to $189.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $196.00.

Shares of AvalonBay Communities (NYSE:AVB) traded up 0.33% on Friday, hitting $181.19. 722,661 shares of the stock traded hands. AvalonBay Communities has a one year low of $158.32 and a one year high of $199.52. The company’s 50 day moving average is $181.60 and its 200 day moving average is $188.30. The stock has a market cap of $24.95 billion, a price-to-earnings ratio of 24.95 and a beta of 0.36.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were paid a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, September 28th. AvalonBay Communities’s dividend payout ratio (DPR) is presently 78.13%.

ILLEGAL ACTIVITY NOTICE: “Brokerages Anticipate AvalonBay Communities Inc (AVB) Will Post Earnings of $2.26 Per Share” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this report on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/20/brokerages-anticipate-avalonbay-communities-inc-avb-will-post-earnings-of-2-26-per-share.html.

Several institutional investors have recently made changes to their positions in AVB. Stifel Financial Corp increased its holdings in shares of AvalonBay Communities by 4.6% in the first quarter. Stifel Financial Corp now owns 6,185 shares of the real estate investment trust’s stock worth $1,135,000 after acquiring an additional 270 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in shares of AvalonBay Communities by 1.4% in the first quarter. Municipal Employees Retirement System of Michigan now owns 4,430 shares of the real estate investment trust’s stock worth $813,000 after acquiring an additional 60 shares in the last quarter. Kennedy Capital Management Inc. increased its holdings in shares of AvalonBay Communities by 85.4% in the first quarter. Kennedy Capital Management Inc. now owns 24,234 shares of the real estate investment trust’s stock worth $4,449,000 after acquiring an additional 11,166 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of AvalonBay Communities in the first quarter worth about $2,640,000. Finally, Gotham Asset Management LLC bought a new stake in shares of AvalonBay Communities in the first quarter worth about $1,275,000. Institutional investors own 97.50% of the company’s stock.

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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Earnings History and Estimates for AvalonBay Communities (NYSE:AVB)

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