NYSE:AVB

AvalonBay Communities (AVB) Stock Price, News & Analysis

$191.34
+2.68 (+1.42%)
(As of 04/24/2024 ET)
Today's Range
$186.34
$192.50
50-Day Range
$173.62
$191.34
52-Week Range
$160.45
$198.65
Volume
886,943 shs
Average Volume
811,390 shs
Market Capitalization
$27.20 billion
P/E Ratio
29.21
Dividend Yield
3.55%
Price Target
$196.78

AvalonBay Communities MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.8% Upside
$196.78 Price Target
Short Interest
Healthy
1.03% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.12
Upright™ Environmental Score
News Sentiment
0.41mentions of AvalonBay Communities in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$1.25 M Sold Last Quarter
Proj. Earnings Growth
5.56%
From $10.80 to $11.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.37 out of 5 stars

Finance Sector

184th out of 854 stocks

Real Estate Investment Trusts Industry

35th out of 179 stocks

AVB stock logo

About AvalonBay Communities Stock (NYSE:AVB)

As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. 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

Here's what Wall Street expects from AvalonBay Communities's earnings
7 REITs to Buy Now: Q2 Edition
The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
AvalonBay Communities Inc AVB
The system that called 2023’s top 7 stocks is at it again…
Look 2023 kind of sucked from a trading standpoint… Despite the market finishing 24% higher…. Just seven stocks did all of the work… Unless you were holding or actively trading those 7 stocks, your trading year probably wasn’t as fruitful as you had hoped… According to my research, my new trading system would have spotted all seven of the “Magnificent stocks” MONTHS before they reached the highs they are trading at today.
Avalonbay Communities Inc.
AVB Apr 2024 250.000 call
AVB Apr 2024 95.000 put
AVB Crosses Above Key Moving Average Level
AvalonBay: Hard To See Alpha At This Valuation
AVB Apr 2024 200.000 put
Analysts See Upside On These 3 REITs
See More Headlines
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Company Calendar

Last Earnings
2/06/2024
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
4/25/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Residential REITs
CUSIP
05348410
Employees
3,039
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$196.78
High Stock Price Target
$215.00
Low Stock Price Target
$179.00
Potential Upside/Downside
+2.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
16 Analysts

Profitability

Net Income
$928.83 million
Pretax Margin
33.91%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$12.88 per share
Book Value
$82.97 per share

Miscellaneous

Free Float
141,502,000
Market Cap
$27.20 billion
Optionable
Optionable
Beta
0.92

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

Pros

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

  • AvalonBay Communities stock has shown an upward trend recently, trading at $186.14, indicating potential growth.
  • The company has a market capitalization of $26.47 billion, reflecting its strong position in the market.
  • AvalonBay Communities has a dividend yield of 3.66%, providing investors with a steady income stream.
  • The real estate investment trust has a return on equity of 7.98%, showcasing its ability to generate returns for shareholders.
  • With a price-to-earnings ratio of 28.42, the stock may be considered reasonably valued compared to industry peers.

Cons

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

  • The company's dividend payout ratio is currently 103.82%, indicating that it may be paying out more in dividends than it earns.
  • AvalonBay Communities' P/E/G ratio of 3.36 suggests that the stock may be overvalued relative to its earnings growth potential.
  • Insider selling activity, such as EVP Joanne M. Lockridge and CFO Kevin P. O'shea selling significant amounts of shares, could raise concerns among investors.
  • The company's 12-month low of $160.45 indicates potential volatility in the stock price.
  • Equities research analysts predict a lower EPS of 10.82 for the current year, which may impact investor sentiment.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these AvalonBay Communities pros and cons to contact@marketbeat.com.

AVB Stock Analysis - Frequently Asked Questions

Should I buy or sell AvalonBay Communities stock right now?

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AvalonBay Communities in the last twelve months. There are currently 8 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AVB shares.
View AVB analyst ratings
or view top-rated stocks.

What is AvalonBay Communities' stock price target for 2024?

16 Wall Street analysts have issued 1 year 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 share price to reach $196.78 in the next twelve months. This suggests a possible upside of 2.8% 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 2024?

AvalonBay Communities' stock was trading at $187.22 at the beginning of 2024. Since then, AVB shares have increased by 2.2% and is now trading at $191.34.
View the best growth stocks for 2024 here
.

Are investors shorting AvalonBay Communities?

AvalonBay Communities saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,470,000 shares, a decrease of 10.4% from the March 15th total of 1,640,000 shares. Based on an average trading volume of 804,700 shares, the short-interest ratio is currently 1.8 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 Thursday, April 25th 2024.
View our AVB earnings forecast
.

How can I listen to AvalonBay Communities' earnings call?

AvalonBay Communities will be holding an earnings conference call on Friday, April 26th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13740497".

How were AvalonBay Communities' earnings last quarter?

AvalonBay Communities, Inc. (NYSE:AVB) released its quarterly earnings results on Tuesday, February, 6th. The real estate investment trust reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $2.73 by $1.03. The real estate investment trust had revenue of $704.71 million for the quarter, compared to the consensus estimate of $701.67 million. AvalonBay Communities had a net margin of 33.56% and a trailing twelve-month return on equity of 7.98%. During the same quarter in the previous year, the firm earned $2.59 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 Wednesday, January 31st. Stockholders of record on Thursday, March 28th will be paid a dividend of $1.70 per share on Monday, April 15th. This represents a $6.80 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from the stock's previous quarterly dividend of $1.65.
Read our dividend analysis for AVB
.

Is AvalonBay Communities a good dividend stock?

AvalonBay Communities (NYSE:AVB) pays an annual dividend of $6.80 per share and currently has a dividend yield of 3.64%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 103.82%. 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 59.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVB.

What guidance has AvalonBay Communities issued on next quarter's earnings?

AvalonBay Communities updated its first quarter 2024 earnings guidance on Wednesday, January, 31st. The company provided earnings per share (EPS) guidance of 2.560-2.660 for the period, compared to the consensus estimate of 2.700. The company issued revenue guidance of -.

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 variety of institutional and retail investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.69%), Ferguson Wellman Capital Management Inc. (0.18%), Raymond James & Associates (0.11%), Hazelview Securities Inc. (0.10%), State of Alaska Department of Revenue (0.07%) and Vert Asset Management LLC (0.04%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:AVB) was last updated on 4/25/2024 by MarketBeat.com Staff

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