Zacks Research Analysts Reduce Earnings Estimates for AVB

AvalonBay Communities, Inc. (NYSE:AVB - Free Report) - Analysts at Zacks Research reduced their Q4 2026 EPS estimates for AvalonBay Communities in a research note issued to investors on Tuesday, April 1st. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $3.06 for the quarter, down from their previous forecast of $3.07. The consensus estimate for AvalonBay Communities' current full-year earnings is $11.48 per share.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a net margin of 37.13% and a return on equity of 9.15%.

Several other research analysts have also recently weighed in on the stock. BMO Capital Markets cut shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price objective for the company. in a report on Friday. Barclays decreased their target price on shares of AvalonBay Communities from $230.00 to $226.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 19th. Evercore ISI raised their price target on AvalonBay Communities from $230.00 to $240.00 and gave the stock an "in-line" rating in a research note on Monday, February 10th. Piper Sandler cut their price objective on AvalonBay Communities from $270.00 to $265.00 and set an "overweight" rating for the company in a report on Tuesday, February 11th. Finally, JPMorgan Chase & Co. raised AvalonBay Communities from a "neutral" rating to an "overweight" rating and increased their target price for the company from $247.00 to $262.00 in a report on Tuesday, December 17th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $237.40.

AvalonBay Communities Stock Performance

NYSE:AVB traded up $2.49 during mid-day trading on Thursday, reaching $191.30. The company's stock had a trading volume of 514,009 shares, compared to its average volume of 683,508. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.68. The stock has a market cap of $27.21 billion, a P/E ratio of 25.15, a PEG ratio of 3.11 and a beta of 0.86. The firm's fifty day moving average price is $216.13 and its two-hundred day moving average price is $221.27. AvalonBay Communities has a 12-month low of $177.40 and a 12-month high of $239.29.

Institutional Investors Weigh In On AvalonBay Communities

A number of institutional investors have recently bought and sold shares of AVB. Ancora Advisors LLC boosted its position in shares of AvalonBay Communities by 1,666.7% during the fourth quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 150 shares during the last quarter. Whipplewood Advisors LLC purchased a new position in shares of AvalonBay Communities during the fourth quarter valued at about $36,000. Crowley Wealth Management Inc. bought a new stake in shares of AvalonBay Communities in the fourth quarter worth about $44,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AvalonBay Communities in the fourth quarter worth about $53,000. Finally, Continuum Advisory LLC boosted its stake in AvalonBay Communities by 12,200.0% during the fourth quarter. Continuum Advisory LLC now owns 246 shares of the real estate investment trust's stock valued at $54,000 after buying an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $1.75 per share. This is a boost from AvalonBay Communities's previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Monday, March 31st. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.66%. AvalonBay Communities's payout ratio is 92.23%.

About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.