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

$175.75
+0.37 (+0.21%)
(As of 12/8/2023 ET)
Compare
Today's Range
$173.95
▼
$175.81
50-Day Range
$162.59
▼
$179.28
52-Week Range
$153.07
▼
$198.65
Volume
547,649 shs
Average Volume
760,294 shs
Market Capitalization
$24.96 billion
P/E Ratio
26.75
Dividend Yield
3.76%
Price Target
$194.81
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

AvalonBay Communities MarketRank™ Stock Analysis

Analyst Rating
Hold
2.47 Rating Score
Upside/​Downside
10.8% Upside
$194.81 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
0.65mentions of AvalonBay Communities in the last 14 days
Based on 16 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
4.43%
From $10.62 to $11.09 Per Share

Overall MarketRank™

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

2.66 out of 5 stars

Finance Sector

90th out of 671 stocks

Real Estate Investment Trusts Industry

16th out of 138 stocks

See Top Rated MarketRank™ Stocks Here

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

December 5, 2023 | markets.businessinsider.com
Buy or Bye? 7 Key Housing Stocks to Buy or Sell in Today’s Market.
December 5, 2023 | markets.businessinsider.com
AvalonBay Prices $400 Mln, 5.300% Sr. Notes Offering
December 8, 2023 | DTI Trader (Ad)
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
December 5, 2023 | msn.com
AvalonBay Communities prices $400 million senior notes offering
December 5, 2023 | finance.yahoo.com
AvalonBay Communities, Inc. Prices $400 Million Senior Notes Offering
December 4, 2023 | americanbankingnews.com
Equities Analysts Offer Predictions for AvalonBay Communities, Inc.'s Q4 2023 Earnings (NYSE:AVB)
December 2, 2023 | americanbankingnews.com
Evercore ISI Increases AvalonBay Communities (NYSE:AVB) Price Target to $188.00
December 2, 2023 | americanbankingnews.com
AvalonBay Communities, Inc. (NYSE:AVB) to Post Q1 2024 Earnings of $2.74 Per Share, Wedbush Forecasts
December 8, 2023 | DTI Trader (Ad)
New CBOE “special perk” helps traders target income every weekend
You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.
December 1, 2023 | americanbankingnews.com
AvalonBay Communities (NYSE:AVB) Price Target Lowered to $200.00 at KeyCorp
November 30, 2023 | americanbankingnews.com
AvalonBay Communities (NYSE:AVB) Upgraded by JPMorgan Chase & Co. to "Neutral"
November 29, 2023 | bizjournals.com
More homes, apartments coming to growing Brier Creek area
November 29, 2023 | msn.com
JP Morgan Upgrades Avalonbay Communities (AVB)
November 29, 2023 | msn.com
AvalonBay raised to Neutral at J.P. Morgan on growth prospects
November 28, 2023 | americanbankingnews.com
AvalonBay Communities (NYSE:AVB) Given New $202.00 Price Target at Truist Financial
November 27, 2023 | finance.yahoo.com
12 Best REIT Stocks To Buy Right Now
November 21, 2023 | finance.yahoo.com
AvalonBay Communities, Inc. to Host Investor Day
November 20, 2023 | seekingalpha.com
AvalonBay: A Conservative Buy
November 17, 2023 | seekingalpha.com
4%-Yielding AvalonBay Communities Is An Undervalued Income Generator
November 16, 2023 | finance.yahoo.com
AvalonBay Communities, Inc. Declares Fourth Quarter 2023 Dividends
November 8, 2023 | markets.businessinsider.com
Wells Fargo Keeps Their Buy Rating on AvalonBay (AVB)
November 1, 2023 | finance.yahoo.com
Equity Residential (EQR) Lags Q3 FFO Estimates, Trims '23 View
October 31, 2023 | markets.businessinsider.com
Real Estate REITs Pressured Amid Higher Interest Rate & Supply Woes, But Analyst Upgrades AvalonBay Communities: Here's Why
October 27, 2023 | finance.yahoo.com
AvalonBay Communities, Inc.: Strong growth in core FFO; reaffirming BUY
October 27, 2023 | finance.yahoo.com
Essex Property (ESS) Q3 FFO Beats Estimates, Revenues Up Y/Y
October 27, 2023 | finance.yahoo.com
AvalonBay Communities, Inc. (NYSE:AVB) Q3 2023 Earnings Call Transcript
October 27, 2023 | finance.yahoo.com
Q3 2023 Avalonbay Communities Inc Earnings Call
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
12/08/2023
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
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Real estate investment trusts
Sub-Industry
Residential REITs
Sector
Finance
Current Symbol
NYSE:AVB
CUSIP
05348410
CIK
915912
Web
www.avalonbay.com
Phone
(703) 329-6300
Fax
513-389-4634
Employees
2,947
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$194.81
High Stock Price Target
$215.00
Low Stock Price Target
$179.00
Potential Upside/Downside
+10.8%
Consensus Rating
Hold
Rating Score (0-4)
2.47
Research Coverage
15 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$6.57
Trailing P/E Ratio
26.75
Forward P/E Ratio
16.55
P/E Growth
3.62
Net Income
$1.14 billion
Net Margins
33.96%
Pretax Margin
34.47%
Return on Equity
8.07%
Return on Assets
4.52%

Debt

Debt-to-Equity Ratio
0.67
Current Ratio
1.84
Quick Ratio
1.84

Sales & Book Value

Annual Sales
$2.73 billion
Price / Sales
9.13
Cash Flow
$14.09 per share
Price / Cash Flow
12.47
Book Value
$80.44 per share
Price / Book
2.18

Miscellaneous

Outstanding Shares
142,015,000
Free Float
141,419,000
Market Cap
$24.96 billion
Optionable
Optionable
Beta
0.93

Social Links

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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?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AvalonBay Communities in the last year. There are currently 8 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?

15 analysts have issued 12-month price targets for AvalonBay Communities' stock. Their AVB share price targets range from $179.00 to $215.00. On average, they expect the company's stock price to reach $194.81 in the next twelve months. This suggests a possible upside of 10.8% 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 beginning of 2023. Since then, AVB stock has increased by 8.8% and is now trading at $175.75.
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 trading volume of 647,000 shares, the short-interest ratio is currently 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 results 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 analyst estimates of $675.67 million. AvalonBay Communities had a trailing twelve-month return on equity of 8.07% and a net margin of 33.96%. During the same period last year, the business 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. Investors of record on Wednesday, November 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 3.76%. 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 3.71%. 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 59.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVB.

What ETFs hold AvalonBay Communities' stock?

ETFs with the largest weight of AvalonBay Communities (NYSE:AVB) stock in their portfolio include Kelly Residential & Apartment Real Estate ETF (RESI), Residential REIT ETF (HAUS), ETFB Green SRI REITs ETF (RITA), iShares Residential and Multisector Real Estate ETF (REZ), Nuveen Short-Term REIT ETF (NURE), SP Funds S&P Global REIT Sharia ETF (SPRE), U.S. Diversified Real Estate ETF (PPTY) and FlexShares Global Quality Real Estate Index Fund (GQRE).

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 institutional and retail 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%), Wellington Management Group LLP (1.62%) and Northern Trust Corp (1.60%). 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 12/8/2023 by MarketBeat.com Staff

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