News coverage about AvalonBay Communities (NYSE:AVB) has trended somewhat positive this week, Accern reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. AvalonBay Communities earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.1934980461829 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- Q1 2018 EPS Estimates for AvalonBay Communities, Inc. (AVB) Boosted by Analyst (americanbankingnews.com)
- Relative Strength Alert For AvalonBay Communities (nasdaq.com)
- AvalonBay Communities Announces Fourth Quarter 2017 Earnings Release Date (finance.yahoo.com)
- Look Under The Hood: EWRE Has 10% Upside – Nasdaq.com – Nasdaq (nasdaq.com)
- What’s Happening With These REIT Stocks? — Education Realty Trust, AvalonBay Communities, Camden Property … – PR Newswire (press release) (prnewswire.com)
AVB has been the subject of several research reports. Stifel Nicolaus reiterated a “buy” rating and set a $209.00 price target on shares of AvalonBay Communities in a research report on Wednesday, October 4th. Royal Bank of Canada dropped their target price on AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating for the company in a report on Monday, November 6th. Mizuho restated a “buy” rating and issued a $220.00 target price on shares of AvalonBay Communities in a report on Monday, November 6th. JPMorgan Chase & Co. cut AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 price target for the company. in a report on Friday, December 15th. Finally, UBS Group upgraded AvalonBay Communities from a “neutral” rating to a “buy” rating and increased their price target for the stock from $190.00 to $206.00 in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $200.40.
AvalonBay Communities (AVB) opened at $168.23 on Friday. AvalonBay Communities has a 12 month low of $167.51 and a 12 month high of $199.52. The firm has a market capitalization of $23,443.18, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 2.52 and a beta of 0.35. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69.
AvalonBay Communities (NYSE:AVB) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.45). The company had revenue of $550.50 million during the quarter, compared to analysts’ expectations of $539.69 million. AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 earnings per share. equities research analysts predict that AvalonBay Communities will post 8.62 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a $1.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $5.68 annualized dividend and a dividend yield of 3.38%. AvalonBay Communities’s dividend payout ratio is currently 88.75%.
In related news, CEO Timothy J. Naughton sold 25,160 shares of AvalonBay Communities stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $183.84, for a total transaction of $4,625,414.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction on Monday, December 4th. The stock was sold at an average price of $181.89, for a total value of $363,780.00. The disclosure for this sale can be found here. Insiders sold a total of 30,660 shares of company stock valued at $5,628,669 over the last three months. Insiders own 0.46% of the company’s stock.
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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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