What is Wedbush's Forecast for AVB FY2025 Earnings?

AvalonBay Communities, Inc. (NYSE:AVB - Free Report) - Equities research analysts at Wedbush raised their FY2025 earnings estimates for shares of AvalonBay Communities in a research note issued on Monday, May 5th. Wedbush analyst R. Anderson now forecasts that the real estate investment trust will post earnings of $11.45 per share for the year, up from their previous estimate of $11.42. The consensus estimate for AvalonBay Communities' current full-year earnings is $11.48 per share.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $2.83 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.03. The firm had revenue of $693.43 million for the quarter, compared to analyst estimates of $744.61 million. AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%. During the same period in the previous year, the company earned $2.70 earnings per share.

AVB has been the topic of several other research reports. Truist Financial increased their price target on shares of AvalonBay Communities from $229.00 to $230.00 and gave the stock a "hold" rating in a report on Monday, March 10th. Piper Sandler cut their price objective on shares of AvalonBay Communities from $265.00 to $255.00 and set an "overweight" rating on the stock in a research note on Monday, May 5th. Royal Bank of Canada reduced their target price on shares of AvalonBay Communities from $223.00 to $220.00 and set a "sector perform" rating for the company in a report on Thursday. Barclays upped their price target on shares of AvalonBay Communities from $227.00 to $240.00 and gave the company an "equal weight" rating in a report on Friday. Finally, Zelman & Associates upgraded AvalonBay Communities from a "neutral" rating to an "outperform" rating in a research note on Thursday, February 13th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $238.86.

AvalonBay Communities Stock Performance

Shares of AVB stock traded up $0.95 during mid-day trading on Wednesday, reaching $205.40. The stock had a trading volume of 522,050 shares, compared to its average volume of 699,166. AvalonBay Communities has a 1-year low of $180.40 and a 1-year high of $239.29. The firm has a market cap of $29.24 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 3.11 and a beta of 0.86. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The business's fifty day moving average is $206.99 and its 200-day moving average is $217.49.

Institutional Inflows and Outflows

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

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.