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NYSE:AVB

AvalonBay Communities (AVB) Stock Price, News & Analysis

$197.21
-1.06 (-0.53%)
(As of 06/7/2024 ET)
Today's Range
$195.74
$198.35
50-Day Range
$179.00
$198.89
52-Week Range
$160.45
$200.71
Volume
557,513 shs
Average Volume
544,372 shs
Market Capitalization
$28.04 billion
P/E Ratio
29.35
Dividend Yield
3.45%
Price Target
$204.89

AvalonBay Communities MarketRank™ Stock Analysis

Analyst Rating
Hold
2.41 Rating Score
Upside/​Downside
3.9% Upside
$204.89 Price Target
Short Interest
Healthy
1.20% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-3.12
Upright™ Environmental Score
News Sentiment
1.14mentions of AvalonBay Communities in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$928,250 Sold Last Quarter
Proj. Earnings Growth
4.77%
From $10.90 to $11.42 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.

4.21 out of 5 stars

Finance Sector

216th out of 823 stocks

Real Estate Investment Trusts Industry

28th out of 172 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

3 Stocks for Housing's Big Flip
Analyst Ratings For AvalonBay Communities
The Analyst Landscape: 10 Takes On AvalonBay Communities
Guru Fundamental Report for AVB
Q1 2024 Avalonbay Communities Inc Earnings Call
Truist Financial Keeps Their Hold Rating on AvalonBay (AVB)
See More Headlines

Company Calendar

Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Last Earnings
4/26/2024
Today
6/08/2024
Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Next Earnings (Estimated)
7/29/2024
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
$204.89
High Stock Price Target
$230.00
Low Stock Price Target
$179.00
Potential Upside/Downside
+3.9%
Consensus Rating
Hold
Rating Score (0-4)
2.41
Research Coverage
17 Analysts

Profitability

Net Income
$928.83 million
Pretax Margin
34.28%

Debt

Sales & Book Value

Annual Sales
$2.77 billion
Cash Flow
$12.51 per share
Book Value
$82.97 per share

Miscellaneous

Free Float
141,589,000
Market Cap
$28.04 billion
Optionable
Optionable
Beta
0.93

Social Links

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, Inc. has shown consistent growth in its revenue and earnings over the past few quarters, indicating a strong financial performance.
  • The company has a solid track record of maintaining high occupancy rates in its properties, which provides a stable source of rental income.
  • Recent market trends show an increasing demand for rental properties, which could positively impact AvalonBay's business and stock price.
  • AvalonBay Communities, Inc. has a diversified portfolio of properties across desirable locations, reducing risk associated with regional economic downturns.
  • The current stock price of AvalonBay Communities, Inc. is trading at a reasonable valuation compared to its industry peers, presenting a potential value investment opportunity for investors.

Cons

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

  • The real estate market is subject to economic cycles and fluctuations, which could impact AvalonBay's financial performance during downturns.
  • Changes in interest rates can affect the cost of borrowing for real estate companies like AvalonBay, potentially impacting profitability.
  • Regulatory changes in the rental market or housing policies could introduce uncertainties for AvalonBay's operations and profitability.
  • Competition from other real estate developers and property management companies may limit AvalonBay's ability to expand its market share and rental rates.
  • Investing in real estate investment trusts (REITs) like AvalonBay Communities, Inc. carries inherent risks related to market conditions and interest rate movements that investors should carefully consider.
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 Thursday, June 6, 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?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AvalonBay Communities in the last twelve months. There are currently 10 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?

17 Wall Street analysts have issued 1 year price targets for AvalonBay Communities' shares. Their AVB share price targets range from $179.00 to $230.00. On average, they expect the company's stock price to reach $204.89 in the next year. This suggests a possible upside of 3.9% 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 the year. Since then, AVB stock has increased by 5.3% and is now trading at $197.21.
View the best growth stocks for 2024 here
.

Are investors shorting AvalonBay Communities?

AvalonBay Communities saw a decline in short interest during the month of May. As of May 15th, there was short interest totaling 1,700,000 shares, a decline of 12.8% from the April 30th total of 1,950,000 shares. Based on an average trading volume of 685,400 shares, the short-interest ratio is presently 2.5 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 Monday, July 29th 2024.
View our AVB earnings forecast
.

How were AvalonBay Communities' earnings last quarter?

AvalonBay Communities, Inc. (NYSE:AVB) released its quarterly earnings data on Friday, April, 26th. The real estate investment trust reported $1.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.64 by $1.42. The real estate investment trust had revenue of $712.86 million for the quarter, compared to the consensus estimate of $706.61 million. AvalonBay Communities had a trailing twelve-month return on equity of 8.12% and a net margin of 34.05%. During the same quarter in the previous year, the business earned $2.57 earnings per share.
Read the conference call transcript
.

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

AvalonBay Communities declared a quarterly dividend on Thursday, May 16th. Investors of record on Friday, June 28th will be paid a dividend of $1.70 per share on Monday, July 15th. This represents a $6.80 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date is Friday, June 28th.
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 3.43%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 101.19%. 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 59.54% 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 issued an update on its second quarter 2024 earnings guidance on Thursday, April, 25th. The company provided earnings per share (EPS) guidance of 2.630-2.730 for the period, compared to the consensus EPS estimate of 2.710. 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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (15.91%), Principal Financial Group Inc. (3.35%), Price T Rowe Associates Inc. MD (3.00%), Canada Pension Plan Investment Board (1.39%), Clearbridge Investments LLC (1.30%) and Bank of New York Mellon Corp (0.74%). Insiders that own company stock include Edward M Schulman, Joanne M Lockridge, Keri A Shea, Kevin P O'shea, Matthew H Birenbaum, 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 6/8/2024 by MarketBeat.com Staff

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