AvalonBay Communities (NYSE:AVB) released its quarterly earnings results on Wednesday. The real estate investment trust reported $1.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($1.04), MarketWatch Earnings reports. AvalonBay Communities had a return on equity of 7.21% and a net margin of 33.20%. During the same period in the previous year, the company posted $2.27 EPS.

Shares of NYSE AVB traded down $2.29 during trading on Thursday, reaching $149.29. The company had a trading volume of 526,968 shares, compared to its average volume of 886,628. AvalonBay Communities has a twelve month low of $118.17 and a twelve month high of $229.40. The stock has a market capitalization of $21.01 billion, a PE ratio of 26.38, a price-to-earnings-growth ratio of 6.42 and a beta of 0.82. The stock has a 50-day moving average price of $156.64 and a two-hundred day moving average price of $176.26. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.76.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $1.59 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $6.36 annualized dividend and a yield of 4.26%. AvalonBay Communities’s dividend payout ratio is presently 68.09%.

A number of research analysts recently issued reports on AVB shares. SunTrust Banks dropped their price target on AvalonBay Communities from $216.00 to $193.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Piper Sandler raised their price target on AvalonBay Communities from $140.00 to $145.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 26th. Stifel Nicolaus raised their price target on AvalonBay Communities from $171.00 to $176.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Zacks Investment Research downgraded AvalonBay Communities from a “buy” rating to a “hold” rating and set a $171.00 price target on the stock. in a research note on Friday, April 17th. Finally, Citigroup lowered their target price on AvalonBay Communities from $225.00 to $145.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $197.50.

AvalonBay Communities Company Profile

As of March 31, 2019, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 85,313 apartment homes in 12 states and the District of Columbia, of which 19 communities were under development and nine communities were under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas primarily in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and the Northern and Southern California regions of the United States.

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Earnings History for AvalonBay Communities (NYSE:AVB)

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