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AvalonBay Communities Stock Price, News & Analysis (NYSE:AVB)

$170.83
-1.34 (-0.78%)
(As of 04:30 PM ET)
Compare
Today's Range
$170.53
$175.13
50-Day Range
$162.59
$182.68
52-Week Range
$153.07
$198.65
Volume
899,699 shs
Average Volume
753,425 shs
Market Capitalization
$24.26 billion
P/E Ratio
26.00
Dividend Yield
3.86%
Price Target
$194.88

AvalonBay Communities MarketRank™ Stock Analysis

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
14.1% Upside
$194.88 Price Target
Short Interest
Healthy
1.65% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.12
Upright™ Environmental Score
News Sentiment
0.80mentions of AvalonBay Communities in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.29%
From $10.59 to $11.15 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.72 out of 5 stars

Finance Sector

204th out of 849 stocks

Real Estate Investment Trusts Industry

32nd out of 178 stocks


AVB stock logo

About AvalonBay Communities Stock (NYSE:AVB)

As of September 30, 2023, the Company owned or held a direct or indirect ownership interest in 296 apartment communities containing 89,240 apartment homes in 12 states and the District of Columbia, of which 17 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.

AVB Stock Price History

AVB Stock News Headlines

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12 Best REIT Stocks To Buy Right Now
AvalonBay Communities, Inc. to Host Investor Day
AvalonBay: A Conservative Buy
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Wells Fargo Keeps Their Buy Rating on AvalonBay (AVB)
Q3 2023 Avalonbay Communities Inc Earnings Call
AvalonBay Communities Q3 Profit Rises
See More Headlines
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Company Calendar

Last Earnings
8/01/2023
Ex-Dividend for 10/16 Dividend
9/28/2023
Dividend Payable
10/16/2023
Today
11/29/2023
Ex-Dividend for 1/16 Dividend
12/28/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/16/2024
Next Earnings (Estimated)
2/14/2024

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
CUSIP
05348410
Employees
2,947
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$194.88
High Stock Price Target
$215.00
Low Stock Price Target
$179.00
Potential Upside/Downside
+14.3%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
16 Analysts

Profitability

Net Income
$1.14 billion
Pretax Margin
34.47%

Debt

Sales & Book Value

Annual Sales
$2.59 billion
Cash Flow
$14.19 per share
Book Value
$82.93 per share

Miscellaneous

Free Float
141,419,000
Market Cap
$24.26 billion
Optionable
Optionable
Beta
0.95

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Should I Buy AvalonBay Communities Stock? AVB Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of AvalonBay Communities was last updated on Tuesday, November 28, 2023 at 9:33 PM.

Pros

Here are some ways that investors could benefit from investing in AvalonBay Communities, Inc.:

  • AvalonBay Communities owns or holds a direct or indirect ownership interest in 296 apartment communities containing 89,240 apartment homes in 12 states and the District of Columbia. This extensive portfolio provides a diversified investment opportunity in the real estate market.
  • The Company is an equity REIT (Real Estate Investment Trust) that specializes in developing, redeveloping, acquiring, and managing apartment communities in leading metropolitan areas. This expertise in the residential real estate market positions AvalonBay Communities to capitalize on the demand for rental properties in high-demand locations.
  • AvalonBay Communities has a strong presence in key metropolitan areas such as New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. These regions are known for their robust economies and population growth, which can contribute to the long-term stability and growth of the Company's rental properties.
  • The Company has a track record of growth, as evidenced by the increase in holdings by institutional investors such as Ltd Zurich, D1 Capital Partners L.P., Wellington Management Group LLP, and JPMorgan Chase & Co. These investments indicate confidence in AvalonBay Communities' potential for future returns.
  • The current stock price of AvalonBay Communities provides an attractive entry point for investors looking to gain exposure to the residential real estate market. The stock's value is influenced by factors such as the Company's financial performance, rental market conditions, and investor sentiment.

Cons

Investors should be bearish about investing in AvalonBay Communities, Inc. for these reasons:

  • The real estate market is subject to fluctuations in property values, rental demand, and interest rates. These factors can impact the financial performance of AvalonBay Communities and potentially affect the value of its stock.
  • The Company's expansion into new regions, such as Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado, may involve higher risks compared to its established markets. Investors should carefully assess the potential challenges and opportunities associated with these expansion efforts.
  • The ongoing COVID-19 pandemic has introduced uncertainties in the rental market, including potential impacts on rental demand, occupancy rates, and rental pricing. Investors should consider the potential risks and challenges posed by the pandemic and its effects on AvalonBay Communities' operations.
  • Changes in government regulations and policies related to the real estate market, rental properties, and taxation can have an impact on AvalonBay Communities' operations and financial performance. Investors should stay informed about any regulatory developments that may affect the Company.
  • Investing in real estate carries inherent risks, including the potential for property damage, natural disasters, and unforeseen events that can disrupt the rental market and affect the Company's properties and financial performance.














AVB Stock Analysis - Frequently Asked Questions

Should I buy or sell AvalonBay Communities stock right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AvalonBay Communities in the last year. There are currently 9 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" AVB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AVB, but not buy additional shares or sell existing shares.
View AVB analyst ratings
or view top-rated stocks.

What is AvalonBay Communities' stock price target for 2024?

16 equities research analysts have issued 1-year target prices for AvalonBay Communities' stock. Their AVB share price targets range from $179.00 to $215.00. On average, they anticipate the company's stock price to reach $194.88 in the next year. This suggests a possible upside of 13.1% from the stock's current price.
View analysts price targets for AVB
or view top-rated stocks among Wall Street analysts.

How have AVB shares performed in 2023?

AvalonBay Communities' stock was trading at $161.52 at the start of the year. Since then, AVB shares have increased by 6.7% and is now trading at $172.33.
View the best growth stocks for 2023 here
.

Are investors shorting AvalonBay Communities?

AvalonBay Communities saw a increase in short interest in October. As of October 31st, there was short interest totaling 2,450,000 shares, an increase of 10.9% from the October 15th total of 2,210,000 shares. Based on an average daily trading volume, of 647,000 shares, the days-to-cover ratio is presently 3.8 days.
View AvalonBay Communities' Short Interest
.

When is AvalonBay Communities' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 14th 2024.
View our AVB earnings forecast
.

How were AvalonBay Communities' earnings last quarter?

AvalonBay Communities, Inc. (NYSE:AVB) announced its quarterly earnings data on Tuesday, August, 1st. The real estate investment trust reported $2.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.60 by $0.01. The real estate investment trust had revenue of $690.86 million for the quarter, compared to the consensus estimate of $675.67 million. AvalonBay Communities had a net margin of 33.96% and a trailing twelve-month return on equity of 8.07%. During the same quarter in the prior year, the firm earned $2.43 EPS.
Read the conference call transcript
.

How often does AvalonBay Communities pay dividends? What is the dividend yield for AvalonBay Communities?

AvalonBay Communities announced a quarterly dividend on Thursday, November 16th. Stockholders of record on Friday, December 29th will be paid a dividend of $1.65 per share on Tuesday, January 16th. This represents a $6.60 annualized dividend and a dividend yield of 3.83%. The ex-dividend date is Thursday, December 28th.
Read our dividend analysis for AVB
.

Is AvalonBay Communities a good dividend stock?

AvalonBay Communities (NYSE:AVB) pays an annual dividend of $6.60 per share and currently has a dividend yield of 3.84%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 100.46%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, AVB will have a dividend payout ratio of 59.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVB.

What is Timothy J. Naughton's approval rating as AvalonBay Communities' CEO?

420 employees have rated AvalonBay Communities Chief Executive Officer Timothy J. Naughton on Glassdoor.com. Timothy J. Naughton has an approval rating of 90% among the company's employees.

What other stocks do shareholders of AvalonBay Communities own?

Based on aggregate information from My MarketBeat watchlists, some companies that other AvalonBay Communities investors own include Bank of America (BAC), NVIDIA (NVDA), AT&T (T), AbbVie (ABBV), Johnson & Johnson (JNJ), Walmart (WMT), Home Depot (HD), JPMorgan Chase & Co. (JPM), Walt Disney (DIS) and UnitedHealth Group (UNH).

Who are AvalonBay Communities' major shareholders?

AvalonBay Communities' stock is owned by a number of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (3.38%), Principal Financial Group Inc. (3.34%), Deutsche Bank AG (1.76%), Deutsche Bank AG (1.76%), Northern Trust Corp (1.60%) and Legal & General Group Plc (1.57%). Insiders that own company stock include Edward M Schulman, Edward M Schulman, Joanne M Lockridge, Keri A Shea, Kevin P O'shea, Kevin P O'shea, Matthew H Birenbaum, Sean J Breslin, Sean J Breslin, Timothy J Naughton and William M Mclaughlin.
View institutional ownership trends
.

How do I buy shares of AvalonBay Communities?

Shares of AVB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:AVB) was last updated on 11/29/2023 by MarketBeat.com Staff

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