AvalonBay Communities, Inc. (NYSE:AVB) Receives Average Rating of "Hold" from Analysts

Shares of AvalonBay Communities, Inc. (NYSE:AVB - Get Free Report) have been assigned a consensus rating of "Hold" from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $237.86.

AVB has been the subject of several recent analyst reports. Evercore ISI increased their price target on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a report on Monday, February 10th. Piper Sandler lowered their price target on AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating for the company in a report on Monday, May 5th. Barclays increased their price target on AvalonBay Communities from $227.00 to $240.00 and gave the stock an "equal weight" rating in a report on Friday, May 9th. Scotiabank increased their price target on AvalonBay Communities from $241.00 to $251.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Finally, BMO Capital Markets downgraded AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price target for the company. in a report on Friday, April 4th.

Institutional Trading of AvalonBay Communities

A number of hedge funds have recently made changes to their positions in AVB. Proathlete Wealth Management LLC acquired a new stake in shares of AvalonBay Communities in the first quarter valued at approximately $29,000. Opal Wealth Advisors LLC acquired a new stake in AvalonBay Communities during the 1st quarter worth approximately $33,000. Ancora Advisors LLC lifted its holdings in AvalonBay Communities by 1,666.7% during the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 150 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in AvalonBay Communities during the 4th quarter worth approximately $36,000. Finally, Crowley Wealth Management Inc. acquired a new stake in AvalonBay Communities during the 4th quarter worth approximately $44,000. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Trading Up 0.3%

NYSE AVB traded up $0.52 on Wednesday, reaching $206.54. The company had a trading volume of 2,083,709 shares, compared to its average volume of 719,057. The stock's 50 day moving average is $204.21 and its 200-day moving average is $215.21. The stock has a market cap of $29.40 billion, a price-to-earnings ratio of 27.21, a PEG ratio of 3.11 and a beta of 0.86. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68. AvalonBay Communities has a 52 week low of $180.40 and a 52 week high of $239.29.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 EPS for the quarter, beating analysts' consensus estimates of $2.80 by $0.03. AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%. The business had revenue of $693.43 million during the quarter, compared to the consensus estimate of $744.61 million. During the same quarter in the prior year, the company posted $2.70 earnings per share. Equities analysts predict that AvalonBay Communities will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $1.75 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.39%. AvalonBay Communities's payout ratio is 87.17%.

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.