AvalonBay Communities (AVB) Earns Daily Coverage Optimism Rating of 0.15
Media headlines about AvalonBay Communities (NYSE:AVB) have trended somewhat positive on Monday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AvalonBay Communities earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 47.29399298277 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s analysis:
- KeyCorp Comments on AvalonBay Communities, Inc.’s FY2017 Earnings (AVB) (americanbankingnews.com)
- Head-To-Head Comparison: American Residential Properties (ARPI) vs. AvalonBay Communities (AVB) (americanbankingnews.com)
- 3 Days Left To AvalonBay Communities Inc (NYSE:AVB)’s Ex-Dividend Date, Is It Worth Buying? (finance.yahoo.com)
- KeyCorp Weighs in on AvalonBay Communities, Inc.’s Q1 2018 Earnings (AVB) (americanbankingnews.com)
- AvalonBay Communities Target of Unusually High Options Trading (AVB) (americanbankingnews.com)
AVB has been the topic of several research reports. Stifel Nicolaus restated a “buy” rating and set a $209.00 price target on shares of AvalonBay Communities in a research report on Friday, September 1st. Robert W. Baird reiterated a “buy” rating and set a $202.00 price objective on shares of AvalonBay Communities in a research note on Friday, September 1st. Goldman Sachs Group cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price objective for the company. in a research note on Tuesday, September 5th. KeyCorp reiterated a “hold” rating on shares of AvalonBay Communities in a research note on Sunday, September 24th. Finally, Evercore ISI upgraded AvalonBay Communities from an “in-line” rating to an “outperform” rating and set a $194.00 price objective for the company in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. AvalonBay Communities has a consensus rating of “Hold” and an average target price of $201.40.
AvalonBay Communities (NYSE:AVB) traded up $2.57 during mid-day trading on Monday, hitting $178.12. The stock had a trading volume of 660,800 shares, compared to its average volume of 675,106. AvalonBay Communities has a 52-week low of $169.50 and a 52-week high of $199.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $24,600.00, a PE ratio of 27.92, a P/E/G ratio of 2.76 and a beta of 0.35.
AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.17 by ($0.45). AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The business had revenue of $550.50 million during the quarter, compared to analysts’ expectations of $539.69 million. During the same quarter in the prior year, the firm earned $2.11 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. analysts expect that AvalonBay Communities will post 8.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be paid a $1.42 dividend. This represents a $5.68 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Thursday, December 28th. AvalonBay Communities’s dividend payout ratio is currently 89.03%.
In other news, CEO Timothy J. Naughton sold 25,160 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $183.84, for a total value of $4,625,414.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Leo S. Horey III sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was sold at an average price of $182.75, for a total value of $365,500.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 30,660 shares of company stock valued at $5,628,669. 0.46% of the stock is owned by company insiders.
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About AvalonBay Communities
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.
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