AvalonBay Communities (AVB) Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for AvalonBay Communities in the last year. There are currently 1 sell rating, 11 hold ratings and 6 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.
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18 Wall Street research analysts have issued 12-month price targets for AvalonBay Communities' stock. Their AVB share price forecasts range from $179.00 to $292.00. On average, they predict the company's share price to reach $202.16 in the next twelve months. This suggests a possible upside of 7.4% from the stock's current price.
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AvalonBay Communities' stock was trading at $161.52 at the beginning of the year. Since then, AVB stock has increased by 16.6% and is now trading at $188.29.
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AvalonBay Communities saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 2,110,000 shares, an increase of 46.5% from the April 15th total of 1,440,000 shares. Based on an average daily volume of 868,300 shares, the days-to-cover ratio is currently 2.4 days.
View AvalonBay Communities' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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AvalonBay Communities, Inc. (NYSE:AVB) issued its quarterly earnings data on Wednesday, July, 27th. The real estate investment trust reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.92 by $0.07. The real estate investment trust earned $644.56 million during the quarter, compared to analyst estimates of $632.41 million. AvalonBay Communities had a net margin of 38.49% and a trailing twelve-month return on equity of 9.17%. The firm's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.98 EPS.
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AvalonBay Communities announced a quarterly dividend on Wednesday, May 24th. Shareholders of record on Friday, June 30th will be given a dividend of $1.65 per share on Monday, July 17th. This represents a $6.60 annualized dividend and a dividend yield of 3.51%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for AVB.

ETFs with the largest weight of AvalonBay Communities (NYSE:AVB) stock in their portfolio include Residential REIT ETF (HAUS), Kelly Residential & Apartment Real Estate ETF (RESI), 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 ALPS Active REIT ETF (REIT).

AvalonBay Communities (NYSE:AVB) pays an annual dividend of $6.60 per share and currently has a dividend yield of 3.54%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 90.54%. 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 59.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for AVB.

AvalonBay Communities updated its FY23 earnings guidance on Wednesday, April, 26th. The company provided EPS guidance of $10.21-$10.61 for the period, compared to the consensus earnings per share estimate of $10.41.

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.

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).

AvalonBay Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "AVB."

AvalonBay Communities' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (11.02%), State Street Corp (7.10%), JPMorgan Chase & Co. (3.42%), Principal Financial Group Inc. (3.47%), Price T Rowe Associates Inc. MD (3.40%) and Geode Capital Management LLC (2.22%). 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, W Edward Walter and William M Mclaughlin.
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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.
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One share of AVB stock can currently be purchased for approximately $188.29.

AvalonBay Communities (NYSE:AVB) has a market capitalization of $26.74 billion and generates $2.59 billion in revenue each year. The real estate investment trust earns $1.14 billion in net income (profit) each year or $7.29 on an earnings per share basis.

The company employs 2,947 workers across the globe.

AvalonBay Communities' mailing address is 671 N. GLEBE ROAD SUITE 800, ARLINGTON VA, 22203. The official website for the company is www.avalonbay.com. The real estate investment trust can be reached via phone at (703) 329-6300, via email at investor_relations@avalonbay.com, or via fax at 513-389-4634.