AvalonBay Communities, Inc. (NYSE:AVB) Receives $238.64 Average Price Target from Brokerages

AvalonBay Communities, Inc. (NYSE:AVB) 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.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of AVB. RPg Family Wealth Advisory LLC bought a new position in shares of AvalonBay Communities in the third quarter valued at approximately $26,000. Ancora Advisors LLC raised 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 valued at $35,000 after acquiring an additional 150 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of AvalonBay Communities in the fourth quarter valued at approximately $36,000. Brooklyn Investment Group bought a new position in shares of AvalonBay Communities in the third quarter valued at approximately $39,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of AvalonBay Communities in the fourth quarter valued at approximately $44,000. Institutional investors own 92.61% of the company’s stock.

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) 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.