AvalonBay Communities (AVB) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $216.83 to $224.12
• 50-Day Range: $216.28 to $237.81
• 52-Week Range: $169.37 to $239.29
• Volume: 2.10 million shs
• Average Volume: 716,956 shs
• Market Capitalization: $31.60 billion
• P/E Ratio: 30.39
• Dividend Yield: 3.06%
• Price Target: $231.33
• Consensus Rating: Hold

AvalonBay Communities Stock Analysis - MarketRank™

AvalonBay Communities scored higher than 64% of companies evaluated by MarketBeat, and ranked 410th out of 937 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

AvalonBay Communities has received a consensus rating of Hold. The company's average rating score is 2.39, and is based on 7 buy ratings, 11 hold ratings, and no sell ratings.

Amount of Analyst Coverage

AvalonBay Communities has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 5.08%

Earnings Growth

Earnings for AvalonBay Communities are expected to grow by 5.08% in the coming year, from $11.03 to $11.59 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of AvalonBay Communities is 30.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.46.

Price to Earnings Ratio vs. Sector

The P/E ratio of AvalonBay Communities is 30.39, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 29.57.

Price to Earnings Growth Ratio

AvalonBay Communities has a PEG Ratio of 3.30. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

AvalonBay Communities has a P/B Ratio of 2.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.90% of the outstanding shares of AvalonBay Communities have been sold short.

Short Interest Ratio / Days to Cover

AvalonBay Communities has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in AvalonBay Communities has recently decreased by 4.26%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

AvalonBay Communities pays a meaningful dividend of 3.00%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

AvalonBay Communities does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of AvalonBay Communities is 93.02%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, AvalonBay Communities will have a dividend payout ratio of 58.67% next year. This indicates that AvalonBay Communities will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.4 / 5
• Environmental Score: -3.12

Percentage of Shares Shorted

1.90% of the outstanding shares of AvalonBay Communities have been sold short.

Short Interest Ratio / Days to Cover

AvalonBay Communities has a short interest ratio ("days to cover") of 4.

Change versus previous month

Short interest in AvalonBay Communities has recently decreased by 4.26%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.4 / 5
• News Sentiment: 0.33

News Sentiment

AvalonBay Communities has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.78 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for AvalonBay Communities this week, compared to 10 articles on an average week.

Search Interest

3 people have searched for AVB on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added AvalonBay Communities to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, AvalonBay Communities insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,061,115.00 in company stock.

Percentage Held by Insiders

Only 0.48% of the stock of AvalonBay Communities is held by insiders.

Percentage Held by Institutions

92.61% of the stock of AvalonBay Communities is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

AVB Stock Analysis - Frequently Asked Questions

How have AVB shares performed this year?

AvalonBay Communities' stock was trading at $187.22 at the beginning of 2024. Since then, AVB stock has increased by 18.7% and is now trading at $222.17.
View the best growth stocks for 2024 here.

How were AvalonBay Communities' earnings last quarter?

AvalonBay Communities, Inc. (NYSE:AVB) issued its earnings results on Monday, November, 4th. The real estate investment trust reported $2.61 EPS for the quarter, missing the consensus estimate of $2.71 by $0.10. The real estate investment trust earned $734.31 million during the quarter, compared to analyst estimates of $731.67 million. AvalonBay Communities had a trailing twelve-month return on equity of 8.84% and a net margin of 36.20%.
Read the conference call transcript.

Who are AvalonBay Communities' major shareholders?

Top institutional investors of AvalonBay Communities include State Street Corp (6.50%), Principal Financial Group Inc. (3.21%), Geode Capital Management LLC (2.52%) and Charles Schwab Investment Management Inc. (1.58%). Insiders that own company stock include Timothy J Naughton, Matthew H Birenbaum, Kevin P O'shea, Joanne M Lockridge and Keri A Shea.
View institutional ownership trends.

How do I buy shares of AvalonBay Communities?

Shares of AVB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of AvalonBay Communities own?

Based on aggregate information from My MarketBeat watchlists, some other companies that AvalonBay Communities investors own include American Water Works (AWK), Humana (HUM), Waste Connections (WCN), DiamondRock Hospitality (DRH), The RMR Group (RMR), AUO (AUOTY) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Ex-Dividend for 10/15 Dividend: 9/30/2024
• Dividend Payable: 10/15/2024
• Last Earnings: 11/04/2024
• Today: 12/21/2024
• Ex-Dividend for 1/15 Dividend: 12/31/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/15/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Residential REITs
• Current Symbol: NYSE:AVB
• CUSIP: 05348410
• CIK: 915912
• Web: www.avalonbay.com
• Phone: (703) 329-6300
• Fax: 513-389-4634
• Employees: 3,039
• Year Founded: 1978

Price Target and Rating

• Average Stock Price Target: $231.33
• High Stock Price Target: $262.00
• Low Stock Price Target: $191.00
• Potential Upside/Downside: +4.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.39
• Research Coverage: 18 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.31
• Trailing P/E Ratio: 30.39
• Forward P/E Ratio: 20.14
• P/E Growth: 3.3
• Net Income: $928.83 million
• Net Margins: 36.20%
• Pretax Margin: 36.32%
• Return on Equity: 8.84%
• Return on Assets: 4.98%

Debt

• Debt-to-Equity Ratio: 0.70
• Current Ratio: 1.64
• Quick Ratio: 1.64

Sales & Book Value

• Annual Sales: $2.88 billion
• Price / Sales: 10.98
• Cash Flow: $12.35 per share
• Price / Cash Flow: 17.99
• Book Value: $82.97 per share
• Price / Book: 2.68

Miscellaneous

• Outstanding Shares: 142,237,000
• Free Float: 141,640,000
• Market Cap: $31.60 billion
• Optionable: Optionable
• Beta: 0.98