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About AvalonBay Communities (NYSE:AVB)
As of December 31, 2017, the Company owned or held a direct or indirect ownership interest in 288 apartment communities containing 84,158 apartment homes in 12 states and the District of Columbia, of which 21 communities were under development and nine communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States. More information may be found on the Company's website at http://www.avalonbay.com.
Industry, Sector and Symbol
Industry Real estate investment trusts
Trailing P/E Ratio18.42
Forward P/E Ratio17.74
Sales & Book Value
Annual Sales$2.16 billion
Price / Sales10.17
Cash Flow$10.7933 per share
Price / Cash14.71
Book Value$75.23 per share
Price / Book2.11
EPS (Most Recent Fiscal Year)$8.62
Net Income$876.92 million
Return on Equity7.57%
Return on Assets4.28%
AvalonBay Communities (NYSE:AVB) Frequently Asked Questions
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 announced a quarterly dividend on Thursday, February 1st. Stockholders of record on Thursday, March 29th will be given a dividend of $1.47 per share on Monday, April 16th. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from AvalonBay Communities's previous quarterly dividend of $1.42. View AvalonBay Communities' Dividend History.
How were AvalonBay Communities' earnings last quarter?
AvalonBay Communities (NYSE:AVB) posted its earnings results on Wednesday, April, 25th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.19 by $1.16. The real estate investment trust had revenue of $560.80 million for the quarter, compared to the consensus estimate of $556.23 million. AvalonBay Communities had a net margin of 35.62% and a return on equity of 7.57%. AvalonBay Communities's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 earnings per share. View AvalonBay Communities' Earnings History.
When is AvalonBay Communities' next earnings date?
What guidance has AvalonBay Communities issued on next quarter's earnings?
AvalonBay Communities issued an update on its second quarter earnings guidance on Wednesday, April, 25th. The company provided earnings per share (EPS) guidance of $2.16-2.22 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.22.
What price target have analysts set for AVB?
20 equities research analysts have issued 12 month price objectives for AvalonBay Communities' shares. Their predictions range from $166.00 to $211.00. On average, they anticipate AvalonBay Communities' stock price to reach $188.9412 in the next twelve months. View Analyst Ratings for AvalonBay Communities.
What are Wall Street analysts saying about AvalonBay Communities stock?
Here are some recent quotes from research analysts about AvalonBay Communities stock:
- 1. According to Zacks Investment Research, "Stellar job growth in recent months indicates more household formations and raises expectations for higher apartment demand during the peak leasing period. Given its solid portfolio of high quality assets in premium locations, AvalonBay is well poised to grow. Notably, in the March-issued operating update for first quarter, the company stated that it expects total rental revenues for established communities to be up 2.3–2.4% year over year. However, new apartment deliveries are anticipated to remain elevated in the company’s markets in 2018. Particularly, supply continues to be most noticeable in the urban submarkets. Furthermore, high concession activity amid elevated supply remains a concern. Moreover, in the past six months, its shares have underperformed the industry." (4/17/2018)
- 2. Cantor Fitzgerald analysts commented, "Core FFO/sh. of $2.25 for 4Q17 was in line with Cantor/FactSet consensus. The line-item variance to our estimates included higher NOI offset by higher interest expense. The SS revenue growth rate of 2.2% was unchanged seq. Expenses were up 2.7% (+30bps seq.), with real estate taxes up 5.2%. As a result, the SSNOI growth rate was 2.0% (-10bps seq.). Occupancy was 95.5%, and turn declined by 250bps." (2/1/2018)
Who are some of AvalonBay Communities' key competitors?
Some companies that are related to AvalonBay Communities include American Tower (AMT), Simon Property Group (SPG), Crown Castle International (CCI), Public Storage (PSA), Prologis (PLD), Equinix (EQIX), Weyerhaeuser (WY), Unibail-Rodamco (UNRDY), Equity Residential (EQR), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Ventas (VTR), SBA Communications (SBAC) and Boston Properties (BXP).
Who are AvalonBay Communities' key executives?
AvalonBay Communities' management team includes the folowing people:
- Mr. Timothy J. Naughton, Chairman, CEO & Pres (Age 57)
- Mr. Kevin P. O'Shea, Chief Financial Officer (Age 52)
- Mr. Sean J. Breslin, Chief Operating Officer (Age 51)
- Mr. Matthew H. Birenbaum, Chief Investment Officer (Age 52)
- Mr. Stephen W. Wilson CPA, C.M.A., Exec. VP of Devel. - West Coast & Mid-Atlantic (Age 61)
Has AvalonBay Communities been receiving favorable news coverage?
News headlines about AVB stock have been trending somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AvalonBay Communities earned a media sentiment score of 0.19 on Accern's scale. They also assigned news headlines about the real estate investment trust an impact score of 46.39 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are AvalonBay Communities' major shareholders?
AvalonBay Communities' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.94%), Principal Financial Group Inc. (2.24%), Northern Trust Corp (1.80%), Centersquare Investment Management LLC (1.64%), Dimensional Fund Advisors LP (1.48%) and Schwab Charles Investment Management Inc. (1.00%). Company insiders that own AvalonBay Communities stock 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 Institutional Ownership Trends for AvalonBay Communities.
Which major investors are selling AvalonBay Communities stock?
AVB stock was sold by a variety of institutional investors in the last quarter, including Sei Investments Co., Millennium Management LLC, Barings LLC, Lord Abbett & CO. LLC, Russell Investments Group Ltd., Echo Street Capital Management LLC, Wells Fargo & Company MN and Northern Trust Corp. Company insiders that have sold AvalonBay Communities company stock in the last year include Leo S Horey III, Sean J Breslin, Timothy J Naughton and William M Mclaughlin. View Insider Buying and Selling for AvalonBay Communities.
Which major investors are buying AvalonBay Communities stock?
AVB stock was purchased by a variety of institutional investors in the last quarter, including Centersquare Investment Management LLC, Brookfield Asset Management Inc., Long Pond Capital LP, Principal Financial Group Inc., Caisse DE Depot ET Placement DU Quebec, Schwab Charles Investment Management Inc., Natixis and V3 Capital Management L.P.. View Insider Buying and Selling for AvalonBay Communities.
How do I buy shares of AvalonBay Communities?
Shares of AVB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is AvalonBay Communities' stock price today?
One share of AVB stock can currently be purchased for approximately $158.77.
How big of a company is AvalonBay Communities?
AvalonBay Communities has a market capitalization of $21.80 billion and generates $2.16 billion in revenue each year. The real estate investment trust earns $876.92 million in net income (profit) each year or $8.62 on an earnings per share basis. AvalonBay Communities employs 3,112 workers across the globe.
How can I contact AvalonBay Communities?
AvalonBay Communities' mailing address is 671 N. GLEBE ROAD SUITE 800, ARLINGTON VA, 22203. The real estate investment trust can be reached via phone at 703-329-6300 or via email at [email protected]
MarketBeat Community Rating for AvalonBay Communities (AVB)MarketBeat's community ratings are surveys of what our community members think about AvalonBay Communities and other stocks. Vote "Outperform" if you believe AVB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe AVB will underperform the S&P 500 over the long term. You may vote once every thirty days.
AvalonBay Communities (NYSE:AVB) Price Target and Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
20 Wall Street analysts have issued ratings and price targets for AvalonBay Communities in the last 12 months. Their average twelve-month price target is $188.9412, suggesting that the stock has a possible upside of 19.00%. The high price target for AVB is $211.00 and the low price target for AVB is $166.00. There are currently 10 hold ratings and 10 buy ratings for the stock, resulting in a consensus rating of "Buy."
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Buy||Buy||Hold||Hold|
|Consensus Rating Score: ||2.50||2.50||2.48||2.44|
|Ratings Breakdown: ||0 Sell Rating(s)|
10 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
10 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
11 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
8 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$188.9412||$189.2353||$194.8235||$199.2667|
|Price Target Upside: ||19.00% upside||13.63% upside||22.72% upside||6.74% upside|
AvalonBay Communities (NYSE:AVB) Consensus Price Target History
AvalonBay Communities (NYSE:AVB) Analyst Ratings History
(Data available from 5/21/2016 forward)
AvalonBay Communities (NYSE:AVB) Dividend Information
AvalonBay Communities pays an annual dividend of $5.88 per share, with a dividend yield of 3.70%. AVB's most recent quarterly dividend payment was Monday, April 16. The company has grown its dividend for the last 6 consecutive years and is increasing its dividend by an average of 7.20% each year. AvalonBay Communities pays out 68.21% of its earnings out as a dividend.
|Most Recent Dividend:||4/16/2018|
|Dividend Growth:||7.20% (3 Year Average)|
|Payout Ratio(s):||68.21% (Trailing 12 Months of Earnings) |
65.70% (Based on This Year's Estimates)
63.36% (Based on Next Year's Estimates)
54.48% (Based on Cash Flow)
|Track Record:||6 Years of Consecutive Dividend Growth|
AvalonBay Communities (NYSE:AVB) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
AvalonBay Communities (NYSE AVB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.43%
Institutional Ownership Percentage: 93.10%
AvalonBay Communities (NYSE AVB) Insider Trading History
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|12/12/2017||Leo S. Horey III||Insider||Sell||2,000||$182.75||$365,500.00|| |
|12/12/2017||Timothy J. Naughton||CEO||Sell||25,160||$183.84||$4,625,414.40|| |
|12/11/2017||Sean J. Breslin||COO||Sell||1,500||$182.65||$273,975.00|| |
|12/4/2017||Leo S. Horey III||Insider||Sell||2,000||$181.89||$363,780.00|| |
|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||23,027|| |
|5/10/2016||Leo S Horey III||Insider||Sell||9,182||$187.87||$1,725,022.34||48,800|| |
|5/10/2016||Timothy J Naughton||CEO||Sell||59,340||$190.99||$11,333,346.60||148,798|| |
|5/6/2016||Keri A Shea||SVP||Sell||3,808||$184.55||$702,766.40||7,959|| |
|5/2/2016||Kevin P O'shea||CFO||Sell||6,535||$180.66||$1,180,613.10||20,751|| |
|5/2/2016||Sean J Breslin||COO||Sell||4,426||$181.08||$801,460.08||32,922|| |
|5/2/2016||Stephen W Wilson||EVP||Sell||5,117||$180.08||$921,469.36||32,984|| |
|3/4/2016||Kevin P O'shea||CFO||Sell||1,250||$178.79||$223,487.50||15,061|| |
|3/2/2016||Leo S. Horey III||Insider||Sell||1,958||$178.25||$349,013.50||46,279|| |
|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||121,303|| |
|11/25/2015||William M. Mclaughlin||EVP||Sell||20,404||$180.92||$3,691,491.68||49,774|| |
|11/24/2015||Edward M. Schulman||EVP||Sell||7,560||$178.79||$1,351,652.40||16,054|| |
|11/23/2015||Stephen W Wilson||EVP||Sell||3,395||$181.14||$614,970.30||24,689|| |
|11/20/2015||Leo S. Horey III||insider||Sell||12,561||$178.66||$2,244,148.26||39,989|| |
|11/17/2015||Leo S Horey III||Insider||Sell||3,750||$175.00||$656,250.00||43,739|| |
|11/2/2015||Matthew H. Birenbaum||CIO||Sell||5,874||$179.00||$1,051,446.00||22,786|| |
|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||121,948|| |
|5/13/2014||Sean Breslin||EVP||Sell||1,000||$140.97||$140,970.00||21,693|| |
|5/7/2014||Keri Shea||SVP||Sell||2,878||$137.64||$396,127.92||7,203|| |
|5/6/2014||Edward Schulman||EVP||Sell||2,634||$137.47||$362,095.98||14,310|| |
|4/30/2014||William Mclaughlin||EVP||Sell||14,047||$136.50||$1,917,415.50||50,597|| |
|4/28/2014||Leo Horey III||Insider||Sell||15,012||$136.99||$2,056,493.88||46,221|| |
|4/28/2014||Stephen Wilson||EVP||Sell||5,831||$136.08||$793,482.48||26,313|| |
|2/28/2014||William Mclaughlin||EVP||Sell||3,500||$129.00||$451,500.00||50,466|| |
|2/24/2014||Sean Breslin||EVP||Sell||1,200||$130.00||$156,000.00||23,940|| |
|12/10/2013||Lance Primis||Director||Buy||1,000||$122.37||$122,370.00||14,421|| |
|8/30/2013||Lance Primis||Director||Buy||2,000||$124.43||$248,860.00||13,421|| |
|8/29/2013||H Jay Sarles||Director||Buy||2,000||$123.97||$247,940.00||17,012|| |
|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|| |
AvalonBay Communities (NYSE AVB) News Headlines
AvalonBay Communities (NYSE:AVB) SEC Filings
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AvalonBay Communities (NYSE:AVB) Income Statement, Balance Sheet and Cash Flow Statement
AvalonBay Communities (NYSE AVB) Stock Chart for Monday, May, 21, 2018