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 investment trusts
Sub-IndustryResidential REITs
SectorFinance
SymbolNYSE:AVB
CUSIP05348410
Phone703-329-6300
Debt
Debt-to-Equity Ratio0.71%
Current Ratio0.19%
Quick Ratio0.19%
Price-To-Earnings
Trailing P/E Ratio18.82
Forward P/E Ratio18.09
P/E Growth2.52
Sales & Book Value
Annual Sales$2.16 billion
Price / Sales10.36
Cash Flow$10.7933 per share
Price / Cash15.00
Book Value$75.23 per share
Price / Book2.15
Profitability
EPS (Most Recent Fiscal Year)$8.62
Net Income$876.92 million
Net Margins40.62%
Return on Equity8.57%
Return on Assets4.88%
Miscellaneous
Employees3,112
Outstanding Shares138,100,000
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. Investors of record on Thursday, March 29th will be paid 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 3.63%. 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 quarterly earnings data on Wednesday, January, 31st. The real estate investment trust reported $2.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $1.03. The real estate investment trust earned $555.29 million during the quarter, compared to analyst estimates of $554.20 million. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The company's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.12 EPS. 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 updated 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.
What price target have analysts set for AVB?
20 equities research analysts have issued 12-month price targets for AvalonBay Communities' shares. Their predictions range from $166.00 to $211.00. On average, they anticipate AvalonBay Communities' share price to reach $189.2353 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, "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), Prologis (PLD), Public Storage (PSA), Equinix (EQIX), Weyerhaeuser (WY), Unibail-Rodamco (UNRDY), Equity Residential (EQR), Digital Realty (DLR), Welltower (WELL), GGP (GGP), Boston Properties (BXP), Ventas (VTR) and Essex Property Trust (ESS).
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?
Press coverage about AVB stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AvalonBay Communities earned a daily sentiment score of 0.24 on Accern's scale. They also assigned press coverage about the real estate investment trust an impact score of 46.05 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
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 $161.90.
How big of a company is AvalonBay Communities?
AvalonBay Communities has a market capitalization of $22.22 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 $189.2353, suggesting that the stock has a possible upside of 16.88%. 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 | Hold | Hold | Hold |
| Consensus Rating Score: | 2.50 | 2.45 | 2.47 | 2.39 |
| Ratings Breakdown: | 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)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
8 Hold Rating(s)
10 Buy Rating(s)
0 Strong Buy Rating(s) | 1 Sell Rating(s)
9 Hold Rating(s)
8 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $189.2353 | $191.0625 | $199.0625 | $196.00 |
| Price Target Upside: | 16.88% upside | 16.88% upside | 17.03% upside | 10.30% upside |
AvalonBay Communities (NYSE:AVB) Consensus Price Target History
AvalonBay Communities (NYSE:AVB) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
AvalonBay Communities (NYSE:AVB) Dividend Information
AvalonBay Communities pays an annual dividend of $5.88 per share, with a dividend yield of 3.63%. 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 |
| Annual Dividend: | $5.88 |
| Dividend Yield: | 3.63% |
| Dividend Growth: | 7.20% (3 Year Average) |
| Payout Ratio: | 68.21% (Trailing 12 Months of Earnings)
65.70% (Based on This Year's Estimates)
63.09% (Based on Next Year's Estimates)
|
| Track Record: | 6 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
AvalonBay Communities (NYSE:AVB) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 2/1/2018 | quarterly | $1.47 | 3.58% | 3/28/2018 | 3/29/2018 | 4/16/2018 |
| 11/9/2017 | quarterly | $1.42 | 3.03% | 12/28/2017 | 12/29/2017 | 1/16/2018 |
| 9/14/2017 | quarterly | $1.42 | 3.09% | 9/28/2017 | 9/29/2017 | 10/16/2017 |
| 5/18/2017 | quarterly | $1.42 | 2.97% | 6/28/2017 | 6/30/2017 | 7/17/2017 |
| 2/1/2017 | quarterly | $1.42 | 3.24% | 3/29/2017 | 3/31/2017 | 4/17/2017 |
| 11/10/2016 | quarterly | $1.35 | 3.22% | 12/28/2016 | 12/30/2016 | 1/16/2017 |
| 9/12/2016 | quarterly | $0.01 | 3.2% | 9/28/2016 | 9/30/2016 | 10/17/2016 |
| 5/19/2016 | quarterly | $1.35 | 2.99% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 2/3/2016 | quarterly | $1.35 | 2.92% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 11/12/2015 | quarterly | $1.25 | 2.9% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/2/2015 | quarterly | $1.25 | 3.07% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/22/2015 | quarterly | $1.25 | 3.03% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 1/29/2015 | quarterly | $1.25 | 2.86% | 3/27/2015 | 3/31/2015 | 4/15/2015 |
| 11/19/2014 | quarterly | $1.16 | 2.95% | 12/29/2014 | 12/31/2014 | 1/15/2015 |
| 9/4/2014 | quarterly | $1.16 | 2.98% | 9/26/2014 | 9/30/2014 | 10/15/2014 |
| 5/21/2014 | quarterly | $1.16 | 3.33% | 6/26/2014 | 6/30/2014 | 7/15/2014 |
| 1/29/2014 | quarterly | $1.16 | 3.8% | 3/27/2014 | 3/31/2014 | 4/15/2014 |
| 11/20/2013 | quarterly | $1.07 | 3.62% | 12/27/2013 | 12/31/2013 | 1/15/2014 |
| 9/11/2013 | quarterly | $1.07 | 3.29% | 9/26/2013 | 9/30/2013 | 10/15/2013 |
| 5/22/2013 | quarterly | $1.07 | 3.08% | 6/26/2013 | 6/28/2013 | 7/15/2013 |
| 1/30/2013 | quarterly | $1.07 | 3.3% | 3/26/2013 | 3/29/2013 | 4/15/2013 |
(Data available from 1/1/2013 forward)
AvalonBay Communities (NYSE AVB) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 0.43%
Institutional Ownership Percentage: 94.68%
AvalonBay Communities (NYSE AVB) Insider Trading History
| 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 | | |
(Data available from 1/1/2013 forward)
AvalonBay Communities (NYSE AVB) News Headlines
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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 Tuesday, April, 24, 2018
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