News articles about AvalonBay Communities (NYSE:AVB) have trended somewhat positive on Sunday, according to Accern. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AvalonBay Communities earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.5582035489725 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the media stories that may have impacted Accern Sentiment’s analysis:
- AvalonBay looking to sell stake in $1.2B Manhattan apartment portfolio (therealdeal.com)
- AvalonBay Is Said to Offer 50% Stake in Manhattan Apartments (bloombergquint.com)
- AvalonBay Is Said to Offer a 50% Stake in Manhattan Apartments (nreionline.com)
- Any Takers for a Stake in $1.2 Billion of Manhattan Apartments? (finance.yahoo.com)
- $565.41 Million in Sales Expected for AvalonBay Communities Inc (AVB) This Quarter (americanbankingnews.com)
Several equities research analysts recently weighed in on AVB shares. Stifel Nicolaus reduced their price target on shares of AvalonBay Communities from $185.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, April 30th. Robert W. Baird set a $178.00 target price on shares of AvalonBay Communities and gave the stock a “buy” rating in a research report on Friday, March 2nd. Argus cut their target price on shares of AvalonBay Communities from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Thursday, March 1st. Citigroup raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and set a $190.00 target price for the company in a research report on Friday, April 6th. Finally, BTIG Research cut their target price on shares of AvalonBay Communities to $189.00 and set a “buy” rating for the company in a research report on Thursday, March 15th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $189.32.
Shares of AVB stock opened at $170.83 on Friday. AvalonBay Communities has a 1 year low of $152.65 and a 1 year high of $196.13. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.74. The firm has a market cap of $23.48 billion, a PE ratio of 19.82, a price-to-earnings-growth ratio of 2.58 and a beta of 0.36.
AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.19 by ($1.16). AvalonBay Communities had a net margin of 35.62% and a return on equity of 7.57%. The business had revenue of $560.80 million for the quarter, compared to the consensus estimate of $556.23 million. During the same period in the previous year, the firm earned $2.09 EPS. The company’s revenue was up 7.4% on a year-over-year basis. sell-side analysts forecast that AvalonBay Communities will post 8.95 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend is Thursday, June 28th. AvalonBay Communities’s payout ratio is 68.21%.
AvalonBay Communities Company Profile
As of December 31, 2017, the Company owned or held a direct or indirect ownership interest in 288 apartment communities containing 84,158 apartment homes in 12 states and the District of Columbia, of which 21 communities were under development and nine communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.
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