Wedbush Predicts Higher Earnings for AvalonBay Communities

AvalonBay Communities, Inc. (NYSE:AVB - Free Report) - Equities research analysts at Wedbush boosted their FY2025 earnings estimates for AvalonBay Communities in a note issued to investors on Wednesday, November 6th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will post earnings of $11.75 per share for the year, up from their prior forecast of $11.68. The consensus estimate for AvalonBay Communities' current full-year earnings is $11.01 per share.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $2.61 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.71 by ($0.10). AvalonBay Communities had a return on equity of 7.16% and a net margin of 29.61%. The firm had revenue of $734.31 million during the quarter, compared to analysts' expectations of $731.67 million. During the same quarter in the prior year, the firm earned $2.66 EPS.

AVB has been the topic of a number of other research reports. Piper Sandler raised their price objective on shares of AvalonBay Communities from $230.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their price objective on shares of AvalonBay Communities from $222.00 to $244.00 and gave the company an "overweight" rating in a research report on Monday, August 26th. Truist Financial boosted their target price on shares of AvalonBay Communities from $213.00 to $230.00 and gave the stock a "hold" rating in a research report on Tuesday, August 27th. Scotiabank boosted their price objective on shares of AvalonBay Communities from $229.00 to $244.00 and gave the stock a "sector perform" rating in a research report on Monday, September 16th. Finally, Evercore ISI boosted their price objective on shares of AvalonBay Communities from $225.00 to $229.00 and gave the stock an "in-line" rating in a research report on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $227.06.

AvalonBay Communities Stock Up 0.5 %

AVB stock traded up $1.17 during midday trading on Thursday, reaching $226.10. 255,715 shares of the company were exchanged, compared to its average volume of 728,086. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.03 and a current ratio of 2.03. AvalonBay Communities has a 1-year low of $164.76 and a 1-year high of $236.26. The stock's 50-day simple moving average is $225.66 and its 200 day simple moving average is $210.60. The company has a market cap of $32.16 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 3.29 and a beta of 0.97.

Institutional Trading of AvalonBay Communities

Institutional investors and hedge funds have recently bought and sold shares of the business. Norden Group LLC purchased a new position in shares of AvalonBay Communities during the 1st quarter valued at approximately $609,000. Larson Financial Group LLC boosted its stake in shares of AvalonBay Communities by 124.7% during the 1st quarter. Larson Financial Group LLC now owns 1,045 shares of the real estate investment trust's stock valued at $194,000 after buying an additional 580 shares during the last quarter. Empowered Funds LLC boosted its stake in shares of AvalonBay Communities by 24.2% during the 1st quarter. Empowered Funds LLC now owns 1,831 shares of the real estate investment trust's stock valued at $340,000 after buying an additional 357 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of AvalonBay Communities by 4,563.7% during the 1st quarter. SG Americas Securities LLC now owns 212,803 shares of the real estate investment trust's stock valued at $39,488,000 after buying an additional 208,240 shares during the last quarter. Finally, Mystic Asset Management Inc. boosted its stake in shares of AvalonBay Communities by 47.7% during the 1st quarter. Mystic Asset Management Inc. now owns 2,290 shares of the real estate investment trust's stock valued at $425,000 after buying an additional 740 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company's stock.

AvalonBay Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $1.70 per share. This represents a $6.80 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Monday, September 30th. AvalonBay Communities's dividend payout ratio (DPR) is presently 93.02%.

AvalonBay Communities Company Profile

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.