AvalonBay Communities, Inc. (NYSE:AVB – Get Free Report) has been given an average recommendation of “Moderate Buy” by the fifteen brokerages that are presently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $238.64.
Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised 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. Piper Sandler decreased their target price on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Truist Financial lifted their target price on AvalonBay Communities from $229.00 to $230.00 and gave the stock a “hold” rating in a research report on Monday, March 10th. Evercore ISI lifted their target price on AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a research report on Monday, February 10th. Finally, Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $239.00 to $242.00 in a research report on Monday, January 6th.
Get Our Latest Research Report on AvalonBay Communities
Institutional Inflows and Outflows
AvalonBay Communities Trading Up 0.8 %
Shares of NYSE:AVB opened at $209.55 on Friday. The company has a market cap of $29.81 billion, a P/E ratio of 27.61, a P/E/G ratio of 3.11 and a beta of 1.00. The stock’s 50-day moving average is $218.02 and its 200-day moving average is $223.40. AvalonBay Communities has a 52-week low of $177.40 and a 52-week high of $239.29. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.64 and a current ratio of 1.64.
AvalonBay Communities (NYSE:AVB – Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. Equities research analysts predict that AvalonBay Communities will post 11.48 earnings per share for the current year.
AvalonBay Communities Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $1.75 per share. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. This represents a $7.00 dividend on an annualized basis and a yield of 3.34%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 92.23%.
About AvalonBay Communities
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.
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