About AvalonBay Communities (NYSE:AVB)
AvalonBay Communities, Inc. is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California. Its segments include Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. As of June 30, 2017, the Company owned or held a direct or indirect ownership interest in 287 apartment communities containing 83,123 apartment homes in 10 states and the District of Columbia, of which 23 communities were under development and nine communities were under redevelopment. It operates its apartment communities under three core brands: Avalon, AVA and Eaves by Avalon. Its real estate investments consist of operating apartment communities, communities in various stages of development (Development Communities) and Development Rights.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Residential REITs
- Sub-Industry: Residential REITs
- Symbol: NYSE:AVB
- CUSIP: 05348410
- Web: www.avalonbay.com
- Market Cap: $25.01926 billion
- Outstanding Shares: 137,712,000
- 50 Day Moving Avg: $181.42
- 200 Day Moving Avg: $188.28
- 52 Week Range: $158.32 - $199.52
Sales & Book Value:
- Trailing P/E Ratio: 24.95
- Foreward P/E Ratio: 19.93
- P/E Growth: 10.25
- Annual Revenue: $2.05 billion
- Price / Sales: 12.17
- Book Value: $74.67 per share
- Price / Book: 2.43
- Annual Dividend: $5.68
- Dividend Yield: 3.1%
- EBITDA: $1.3 billion
- Net Margins: 47.90%
- Return on Equity: 9.88%
- Return on Assets: 5.64%
- Debt-to-Equity Ratio: 0.68%
- Current Ratio: 0.17%
- Quick Ratio: 0.17%
- Average Volume: 711,985 shs.
- Beta: 0.36
- Short Ratio: 5.8
Frequently Asked Questions for AvalonBay Communities (NYSE:AVB)
What is AvalonBay Communities' stock symbol?
AvalonBay Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVB."
How often does AvalonBay Communities pay dividends? What is the dividend yield for AvalonBay Communities?
AvalonBay Communities declared a quarterly dividend on Thursday, September 14th. Stockholders of record on Friday, September 29th will be given a dividend of $1.42 per share on Monday, October 16th. This represents a $5.68 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Thursday, September 28th. View AvalonBay Communities' Dividend History.
How were AvalonBay Communities' earnings last quarter?
AvalonBay Communities, Inc. (NYSE:AVB) announced its quarterly earnings results on Wednesday, August, 2nd. The company reported $2.09 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $2.14 by $0.05. The firm had revenue of $530.51 million for the quarter, compared to analyst estimates of $529.48 million. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. During the same quarter in the previous year, the company posted $2.03 EPS. View AvalonBay Communities' Earnings History.
When will AvalonBay Communities make its next earnings announcement?
What guidance has AvalonBay Communities issued on next quarter's earnings?
AvalonBay Communities issued an update on its FY17 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share guidance of $8.50-8.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.65. AvalonBay Communities also updated its Q3 guidance to $18.104.22.168 EPS.
Where is AvalonBay Communities' stock going? Where will AvalonBay Communities' stock price be in 2017?
17 equities research analysts have issued 1 year target prices for AvalonBay Communities' stock. Their predictions range from $178.00 to $220.00. On average, they expect AvalonBay Communities' stock price to reach $197.50 in the next twelve months. View Analyst Ratings for AvalonBay Communities.
Who are some of AvalonBay Communities' key competitors?
Some companies that are related to AvalonBay Communities include Equity Residential (EQR), Essex Property Trust (ESS), Mid-America Apartment Communities (MAA), United Dominion Realty Trust (UDR), Camden Property Trust (CPT), Equity Lifestyle Properties (ELS), Sun Communities (SUI), Apartment Investment and Management Company (AIV), American Campus Communities (ACC), American Homes 4 Rent (AMH), Colony Starwood Homes (SFR), Two Harbors Investments Corp (TWO), Education Realty Trust (EDR), Monogram Residential Trust (MORE), Associated Estates Realty (AEC), ARMOUR Residential REIT (ARR), Independence Realty Trust (IRT) and New Senior Investment Group (SNR).
Who are AvalonBay Communities' key executives?
AvalonBay Communities' management team includes the folowing people:
- Timothy J. Naughton, Chairman of the Board, President, Chief Executive Officer
- Kevin P. O'Shea, Chief Financial Officer
- Sean Joseph Breslin, Chief Operating Officer
- Leo S. Horey III, Executive Vice President, Chief Administrative Officer
- Edward M. Schulman, Executive Vice President, General Counsel, Secretary
- William M. McLaughlin, Executive Vice President - Development
- Stephen W. Wilson, Executive Vice President - Development
- Keri A. Shea, Senior Vice President - Finance, Treasurer
- Matthew H. Birenbaum, Chief Investment Officer
- Michael M. Feigin, Chief Construction Officer
Who owns AvalonBay Communities stock?
AvalonBay Communities' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include PGGM Investments (1.19%), APG Asset Management N.V. (0.49%), Robeco Institutional Asset Management B.V. (0.06%), State Treasurer State of Michigan (0.03%), Mutual of America Capital Management LLC (0.02%) and Spirit of America Management Corp NY (0.01%). Company insiders that own AvalonBay Communities stock include Edward M Schulman, John J Healy, Jr, Keri A Shea, Kevin P O'shea, Leo S Horey III, Matthew H Birenbaum, Sean J Breslin, Stephen W Wilson, Timothy J Naughton and William M Mclaughlin. View Institutional Ownership Trends for AvalonBay Communities.
Who sold AvalonBay Communities stock? Who is selling AvalonBay Communities stock?
AvalonBay Communities' stock was sold by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Robeco Institutional Asset Management B.V., Assenagon Asset Management S.A., State Treasurer State of Michigan, Douglas Lane & Associates LLC and Spirit of America Management Corp NY. Company insiders that have sold AvalonBay Communities stock in the last year include Edward M Schulman, Keri A Shea, Kevin P O'shea, Leo S Horey III, Matthew H Birenbaum, Sean J Breslin, Timothy J Naughton and William M Mclaughlin. View Insider Buying and Selling for AvalonBay Communities.
Who bought AvalonBay Communities stock? Who is buying AvalonBay Communities stock?
How do I buy AvalonBay Communities stock?
Shares of AvalonBay Communities can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is AvalonBay Communities' stock price today?
MarketBeat Community Rating for AvalonBay Communities (NYSE AVB)MarketBeat's community ratings are surveys of what our community members think about AvalonBay Communities and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of AvalonBay Communities stock can currently be purchased for approximately $181.19.
Consensus Ratings for AvalonBay Communities (NYSE:AVB) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 8 Hold Ratings, 8 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.41)|
|Consensus Price Target: ||$197.50 (9.00% upside)|Consensus Price Target History for AvalonBay Communities (NYSE:AVB)
Analysts' Ratings History for AvalonBay Communities (NYSE:AVB)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/4/2017||Stifel Nicolaus||Reiterated Rating||Buy||$209.00||Medium|
|9/25/2017||Evercore ISI||Upgrade||In-Line -> Outperform||$194.00||Low|
|9/5/2017||Goldman Sachs Group, Inc. (The)||Downgrade||Buy -> Neutral||$196.00||Low|
|9/1/2017||Robert W. Baird||Reiterated Rating||Buy||$202.00||Low|
|8/18/2017||Deutsche Bank AG||Boost Price Target||Hold||$193.00 -> $195.00||Low|
|8/2/2017||BMO Capital Markets||Reiterated Rating||Hold||$191.00||High|
|7/18/2017||Barclays PLC||Boost Price Target||Equal Weight||$188.00 -> $189.00||Low|
|7/16/2017||Royal Bank Of Canada||Reiterated Rating||Buy||$203.00||Medium|
|7/4/2017||Jefferies Group LLC||Reiterated Rating||Hold||$196.00||Low|
|6/22/2017||Argus||Initiated Coverage||Buy -> Buy||$220.00||Low|
|4/24/2017||BTIG Research||Boost Price Target||Buy||$191.00 -> $200.00||Medium|
|4/19/2017||JMP Securities||Downgrade||Outperform -> Market Perform||Low|
|3/8/2017||Bank of America Corporation||Upgrade||Neutral -> Buy||$202.00||High|
|2/13/2017||Zelman & Associates||Downgrade||Hold -> Sell||N/A|
|12/6/2016||Cantor Fitzgerald||Set Price Target||Hold||$178.00||N/A|
|9/6/2016||Sandler O'Neill||Upgrade||Hold -> Buy||N/A|
|7/15/2016||Evercore Inc||Reiterated Rating||Hold||N/A|
|3/2/2016||J P Morgan Chase & Co||Boost Price Target||Neutral -> Neutral||$197.00 -> $200.00||N/A|
|2/17/2016||SunTrust Banks, Inc.||Lower Price Target||Buy||$202.00 -> $200.00||N/A|
|1/12/2016||Cowen and Company||Downgrade||Outperform -> Market Perform||$189.00 -> $192.00||N/A|
|11/10/2015||BB&T Corporation||Initiated Coverage||Underweight||$185.50||N/A|
Earnings History for AvalonBay Communities (NYSE:AVB)Earnings History by Quarter for AvalonBay Communities (NYSE AVB)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q2 2017||$2.14||$2.09||$529.48 million||$530.51 million||View||Listen|
|4/26/2017||Q1 2017||$2.11||$2.09||$520.56 million||$522.33 million||View||N/A|
|2/1/2017||Q416||$1.18||$2.12||$517.45 million||$518.24 million||View||Listen|
|10/24/2016||Q316||$2.11||$2.11||$513.17 million||$516.21 million||View||N/A|
|7/25/2016||Q216||$2.09||$1.99||$500.25 million||$502.30 million||View||N/A|
|4/27/2016||Q116||$2.05||$2.07||$484.23 million||$508.49 million||View||N/A|
|2/3/2016||Q415||$1.96||$1.99||$476.70 million||$352.60 million||View||N/A|
|10/26/2015||Q315||$2.00||$2.02||$466.02 million||$475.36 million||View||Listen|
|7/27/2015||Q215||$1.92||$2.18||$451.29 million||$457.50 million||View||Listen|
|4/27/2015||Q115||$1.83||$1.88||$439.14 million||$442.37 million||View||N/A|
|1/28/2015||Q414||$1.77||$1.76||$432.66 million||$440.66 million||View||N/A|
|10/27/2014||Q314||$2.01||$2.14||$421.99 million||$430.53 million||View||N/A|
|7/23/2014||Q214||$1.66||$1.71||$404.86 million||$413.80 million||View||N/A|
|4/23/2014||Q114||$1.63||$1.63||$393.78 million||$400.70 million||View||N/A|
|1/29/2014||Q413||$1.56||$1.62||$393.41 million||$400.00 million||View||N/A|
|10/24/2013||Q313||$1.20||$1.18||$396.70 million||$400.30 million||View||N/A|
|7/24/2013||Q2 2013||$1.51||$1.62||$389.03 million||View||N/A|
|4/30/2013||Q1 2013||$1.35||$1.36||$300.77 million||$315.40 million||View||N/A|
|1/30/2013||Q4 2012||$1.40||$1.27||$274.33 million||$275.80 million||View||N/A|
Earnings Estimates for AvalonBay Communities (NYSE:AVB)
2017 EPS Consensus Estimate: $8.74
2018 EPS Consensus Estimate: $9.13
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for AvalonBay Communities (NYSE:AVB)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||8.20% (3 Year Average)|
|Payout Ratio:||78.13% (Trailing 12 Months of Earnings) |
66.20% (Based on This Year's Estimates)
62.49% (Based on Next Year's Estimates)
|Track Record:||5 Years of Consecutive Dividend Growth|
Dividend History by Quarter for AvalonBay Communities (NYSE AVB)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for AvalonBay Communities (NYSE:AVB)
Insider Ownership Percentage: 0.46%Insider Trades by Quarter for AvalonBay Communities (NYSE:AVB)
Institutional Ownership Percentage: 97.50%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/9/2017||William M. Mclaughlin||Insider||Sell||5,112||$193.88||$991,114.56|| |
|5/15/2017||Edward M. Schulman||EVP||Sell||1,764||$191.82||$338,370.48|| |
|5/11/2017||Keri A. Shea||SVP||Sell||1,000||$192.36||$192,360.00|| |
|5/9/2017||Matthew H. Birenbaum||Insider||Sell||2,750||$191.20||$525,800.00|| |
|5/5/2017||Sean J. Breslin||COO||Sell||1,500||$192.19||$288,285.00|| |
|5/5/2017||Timothy J. Naughton||CEO||Sell||17,210||$192.05||$3,305,180.50|| |
|5/2/2017||Timothy J. Naughton||CEO||Sell||10,000||$191.14||$1,911,400.00|| |
|5/1/2017||Leo S. Horey III||Insider||Sell||3,000||$190.25||$570,750.00|| |
|3/8/2017||Kevin P. O'shea||CFO||Sell||3,560||$182.19||$648,596.40|| |
|3/2/2017||Leo S. Horey III||Insider||Sell||1,000||$183.50||$183,500.00|| |
|8/9/2016||Sean J. Breslin||COO||Sell||1,000||$185.71||$185,710.00|| |
|8/8/2016||Matthew H. Birenbaum||Insider||Sell||6,984||$185.00||$1,292,040.00|| |
|5/10/2016||Edward M Schulman||EVP||Sell||5,323||$190.60||$1,014,563.80|| |
|5/10/2016||Leo S Horey III||Insider||Sell||9,182||$187.87||$1,725,022.34|| |
|5/10/2016||Timothy J Naughton||CEO||Sell||59,340||$190.99||$11,333,346.60|| |
|5/6/2016||Keri A Shea||SVP||Sell||3,808||$184.55||$702,766.40|| |
|5/2/2016||Kevin P O'shea||CFO||Sell||6,535||$180.66||$1,180,613.10|| |
|5/2/2016||Sean J Breslin||COO||Sell||4,426||$181.08||$801,460.08|| |
|5/2/2016||Stephen W Wilson||EVP||Sell||5,117||$180.08||$921,469.36|| |
|3/4/2016||Kevin P O'shea||CFO||Sell||1,250||$178.79||$223,487.50|| |
|3/2/2016||Leo S. Horey III||Insider||Sell||1,958||$178.25||$349,013.50|| |
|2/8/2016||John J. Healy, Jr.||Director||Sell||1,318||$163.29||$215,216.22|| |
|11/27/2015||Timothy J. Naughton||CEO||Sell||50,000||$182.35||$9,117,500.00|| |
|11/25/2015||William M. Mclaughlin||EVP||Sell||20,404||$180.92||$3,691,491.68|| |
|11/24/2015||Edward M. Schulman||EVP||Sell||7,560||$178.79||$1,351,652.40|| |
|11/23/2015||Stephen W Wilson||EVP||Sell||3,395||$181.14||$614,970.30|| |
|11/20/2015||Leo S. Horey III||insider||Sell||12,561||$178.66||$2,244,148.26|| |
|11/17/2015||Leo S Horey III||Insider||Sell||3,750||$175.00||$656,250.00|| |
|11/2/2015||Matthew H. Birenbaum||CIO||Sell||5,874||$179.00||$1,051,446.00|| |
|8/17/2015||Edward M Schulman||EVP||Sell||1,000||$177.81||$177,810.00|| |
|6/5/2015||William M Mclaughlin||EVP||Sell||1,000||$162.08||$162,080.00|| |
|5/20/2015||Leo S Horey III||Insider||Sell||17,927||$168.17||$3,014,783.59|| |
|5/14/2015||Keri A Shea||SVP||Sell||3,247||$166.40||$540,300.80|| |
|5/14/2015||Kevin P O'shea||CFO||Sell||7,582||$166.89||$1,265,359.98|| |
|5/14/2015||Sean J Breslin||COO||Sell||7,500||$166.64||$1,249,800.00|| |
|5/11/2015||Stephen W Wilson||EVP||Sell||3,652||$168.06||$613,755.12|| |
|11/17/2014||William M Mclaughlin||EVP||Sell||10,976||$158.01||$1,734,317.76|| |
|11/12/2014||Sean J Breslin||EVP||Sell||5,080||$157.04||$797,763.20|| |
|11/3/2014||Edward M Schulman||EVP||Sell||14,307||$157.63||$2,255,212.41|| |
|9/4/2014||Leo S Horey III||Insider||Sell||17,830||$155.50||$2,772,565.00|| |
|9/2/2014||Stephen W Wilson||EVP||Sell||6,395||$153.77||$983,359.15|| |
|8/29/2014||Keri A Shea||SVP||Sell||1,803||$154.33||$278,256.99|| |
|8/19/2014||William M Mclaughlin||EVP||Sell||3,500||$152.90||$535,150.00|| |
|8/14/2014||Kevin P O'shea||CFO||Sell||5,386||$151.63||$816,679.18|| |
|7/29/2014||Kevin P O'shea||CFO||Sell||5,125||$149.35||$765,418.75|| |
|7/28/2014||Stephen W Wilson||EVP||Sell||6,557||$148.87||$976,140.59|| |
|6/4/2014||Edward M Schulman||EVP||Sell||1,500||$142.66||$213,990.00|| |
|5/19/2014||Timothy Naughton||CEO||Sell||62,868||$140.27||$8,818,494.36|| |
|5/13/2014||Sean Breslin||EVP||Sell||1,000||$140.97||$140,970.00|| |
|5/7/2014||Keri Shea||SVP||Sell||2,878||$137.64||$396,127.92|| |
|5/6/2014||Edward Schulman||EVP||Sell||2,634||$137.47||$362,095.98|| |
|4/30/2014||William Mclaughlin||EVP||Sell||14,047||$136.50||$1,917,415.50|| |
|4/28/2014||Leo Horey III||Insider||Sell||15,012||$136.99||$2,056,493.88|| |
|4/28/2014||Stephen Wilson||EVP||Sell||5,831||$136.08||$793,482.48|| |
|2/28/2014||William Mclaughlin||EVP||Sell||3,500||$129.00||$451,500.00|| |
|2/24/2014||Sean Breslin||EVP||Sell||1,200||$130.00||$156,000.00|| |
|12/10/2013||Lance Primis||Director||Buy||1,000||$122.37||$122,370.00|| |
|8/30/2013||Lance Primis||Director||Buy||2,000||$124.43||$248,860.00|| |
|8/29/2013||H Jay Sarles||Director||Buy||2,000||$123.97||$247,940.00|| |
|7/30/2013||Kevin P O'shea||EVP||Sell||1,761||$138.10||$243,194.10|| |
|5/15/2013||William M Mclaughlin||EVP||Sell||5,000||$137.00||$685,000.00|| |
|3/6/2013||Sean J Breslin||EVP||Sell||1,600||$126.42||$202,272.00|| |
|2/5/2013||H Jay Sarles||Director||Buy||1,000||$125.12||$125,120.00|| |
|8/13/2012||Bryce Blair||Chairman||Sell||5,718||$139.84||$799,605.12|| |
Headline Trends for AvalonBay Communities (NYSE:AVB)
Latest Headlines for AvalonBay Communities (NYSE:AVB)
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AvalonBay Communities (AVB) Chart for Sunday, October, 22, 2017