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
Industry REAL ESTATE
Trailing P/E Ratio24.8443396226415
Forward P/E Ratio17.64
Sales & Book Value
Annual Sales$2.16 billion
Price / Sales10.11
Cash Flow$10.58 per share
Price / Cash14.94
Book Value$75.23 per share
Price / Book2.10
Net Income$876.92 million
Return on Equity8.57%
Return on Assets4.88%
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. Shareholders 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 yield of 3.72%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a positive change from AvalonBay Communities's previous quarterly dividend of $1.42. View AvalonBay Communities' Dividend History.
How were AvalonBay Communities' earnings last quarter?
AvalonBay Communities Inc (NYSE:AVB) released its earnings results on Wednesday, January, 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.22 by $1.03. The real estate investment trust had revenue of $555.29 million for the quarter, compared to the consensus estimate of $554.20 million. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The business's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.12 earnings per share. 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 FY18 earnings guidance on Wednesday, January, 31st. The company provided earnings per share guidance of $8.73 to $9.13 for the period, compared to the Thomson Reuters consensus estimate of $9.09. AvalonBay Communities also updated its FY17 guidance to $8.73 to $9.13 EPS.
Where is AvalonBay Communities' stock going? Where will AvalonBay Communities' stock price be in 2018?
19 brokerages have issued 12 month price objectives for AvalonBay Communities' stock. Their forecasts range from $175.00 to $211.00. On average, they anticipate AvalonBay Communities' share price to reach $190.07 in the next year. 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, "Shares of AvalonBay have underperformed its industry over the past month. Moreover, the stock has seen the Zacks Consensus Estimate for 2018 funds from operations (FFO) per share being revised downward in a week’s time. Notably, the company recently delivered a better-than-expected core funds from operations (FFO) per share figure for fourth-quarter 2017. Results highlight growth in average rental rates. Additionally, economic occupancy managed to increase slightly in the quarter. The company also announced a hike in quarterly dividend. 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. Hence, growth in its stabilized portfolio is likely to remain moderate in the upcoming period. Furthermore, high concession activity amid higher supply remains a concern." (2/8/2018)
- 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 Brookfield Asset Management (BAM), Public Storage (PSA), Equinix (EQIX), Prologis (PLD), Henderson Land Development (HLDCY), Unibail-Rodamco (UNRDY), Mitsubishi Estate (MITEY), Vonovia (VONOY), Equity Residential (EQR), Digital Realty Trust (DLR), GGP (GGP), Welltower (WELL), Boston Properties (BXP), Ventas (VTR), CBRE Group (CBRE), Essex Property Trust (ESS), New World Development (NDVLY) and Realty Income (O).
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 (Age 56)
- Kevin P. O'Shea, Chief Financial Officer (Age 51)
- Sean Joseph Breslin, Chief Operating Officer (Age 50)
- Leo S. Horey III, Executive Vice President, Chief Administrative Officer (Age 54)
- Edward M. Schulman, Executive Vice President, General Counsel, Secretary (Age 54)
- William M. McLaughlin, Executive Vice President - Development (Age 52)
- Stephen W. Wilson, Executive Vice President - Development (Age 60)
- Keri A. Shea, Senior Vice President - Finance, Treasurer (Age 47)
- Matthew H. Birenbaum, Chief Investment Officer (Age 51)
- Michael M. Feigin, Chief Construction Officer (Age 56)
Has AvalonBay Communities been receiving favorable news coverage?
News articles about AVB stock have trended positive on Saturday, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AvalonBay Communities earned a coverage optimism score of 0.28 on Accern's scale. They also gave media stories about the real estate investment trust an impact score of 46.19 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
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. (10.95%), Bank of New York Mellon Corp (2.53%), APG Asset Management US Inc. (2.50%), Lasalle Investment Management Securities LLC (1.53%), PGGM Investments (1.44%) and Geode Capital Management LLC (1.27%). 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, Stephen W Wilson, Timothy J Naughton and William M Mclaughlin. View Institutional Ownership Trends for AvalonBay Communities.
Which institutional investors are selling AvalonBay Communities stock?
AVB stock was sold by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., Millennium Management LLC, APG Asset Management US Inc., Cbre Clarion Securities LLC, Standard Life Aberdeen plc, Lasalle Investment Management Securities LLC, Renaissance Technologies LLC and Guggenheim Capital LLC. Company insiders that have sold AvalonBay Communities company stock in the last year include Edward M Schulman, Keri A 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.
Which institutional investors are buying AvalonBay Communities stock?
AVB stock was bought by a variety of institutional investors in the last quarter, including PGGM Investments, Bank of New York Mellon Corp, Barings LLC, American Century Companies Inc., Old Mutual Global Investors UK Ltd., BlackRock Inc., Amundi Pioneer Asset Management Inc. and Long Pond Capital LP. 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 $158.01.
How big of a company is AvalonBay Communities?
AvalonBay Communities has a market capitalization of $22.13 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 $6.36 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 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.
AvalonBay Communities (NYSE:AVB) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). 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 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.42||2.45||2.41||2.41|
|Ratings Breakdown: ||0 Sell Rating(s)|
11 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
11 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
8 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
8 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$190.07||$194.13||$201.07||$197.50|
|Price Target Upside: ||20.29% upside||22.28% upside||10.25% upside||10.63% upside|
AvalonBay Communities (NYSE:AVB) Consensus Price Target History
AvalonBay Communities (NYSE:AVB) Analyst Ratings History
(Data available from 3/24/2016 forward)
AvalonBay Communities (NYSE:AVB) Earnings History and Estimates Chart
AvalonBay Communities (NYSE AVB) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/31/2018||Q4 2017||$1.22||$2.25||$554.20 million||$555.29 million||View||Listen|
|10/30/2017||Q3 2017||$2.17||$1.72||$539.69 million||$550.50 million||View||N/A|
|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||$389.23 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|
AvalonBay Communities (NYSE:AVB) Earnings Estimates
2018 EPS Consensus Estimate: $9.07
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
AvalonBay Communities (NYSE:AVB) Dividend Information
|Dividend Growth:||7.20% (3 Year Average)|
|Payout Ratio:||89.31% (Trailing 12 Months of Earnings) |
63.39% (Based on This Year's Estimates)
60.94% (Based on Next Year's Estimates)
|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: 0.46%
Institutional Ownership Percentage: 94.72%
AvalonBay Communities (NYSE AVB) Insider Trades by Quarter
(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 Saturday, March, 24, 2018