AvalonBay Communities, Inc. Announces Quarterly Dividend of $1.75 (NYSE:AVB)

Key Points

• AvalonBay Communities, Inc. announced a quarterly dividend of $1.75 per share, with payment set for October 15th to stockholders of record as of September 30th, resulting in a dividend yield of 3.6%.
• The company currently has a high payout ratio of 122.8%, indicating it relies on its balance sheet to cover dividends but is expected to improve with earnings estimates of $12.20 per share next year.
• AvalonBay's shares traded at $192.68, with significant institutional interest, as 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities, Inc. (NYSE:AVB - Get Free Report) declared a quarterly dividend on Wednesday, September 17th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 1.75 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 30th.

AvalonBay Communities has a payout ratio of 122.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect AvalonBay Communities to earn $12.20 per share next year, which means the company should continue to be able to cover its $7.00 annual dividend with an expected future payout ratio of 57.4%.

AvalonBay Communities Price Performance

Shares of AVB stock traded down $0.46 during trading hours on Friday, hitting $193.17. The company had a trading volume of 1,878,908 shares, compared to its average volume of 761,469. The firm has a market capitalization of $27.50 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.79 and a beta of 0.87. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. AvalonBay Communities has a 12 month low of $180.40 and a 12 month high of $239.29. The firm's fifty day moving average is $193.81 and its 200 day moving average is $201.66.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The business had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. During the same period in the previous year, the business earned $2.77 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. On average, sell-side analysts predict that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

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.