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NYSE:AVB

AvalonBay Communities (AVB) Stock Price, News & Analysis

$218.50
+0.50 (+0.23%)
(As of 10/8/2024 ET)

About AvalonBay Communities Stock (NYSE:AVB)

Key Stats

Today's Range
$216.71
$219.72
50-Day Range
$203.93
$234.75
52-Week Range
$160.45
$236.26
Volume
473,139 shs
Average Volume
735,526 shs
Market Capitalization
$31.07 billion
P/E Ratio
32.51
Dividend Yield
3.11%
Price Target
$225.88
Consensus Rating
Hold

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.

AvalonBay Communities Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
78th Percentile Overall Score

AVB MarketRank™: 

AvalonBay Communities scored higher than 78% of companies evaluated by MarketBeat, and ranked 326th out of 933 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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 been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about AvalonBay Communities' stock forecast and price target.
  • Earnings Growth

    Earnings for AvalonBay Communities are expected to grow by 4.90% in the coming year, from $11.01 to $11.55 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of AvalonBay Communities is 32.51, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.46.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of AvalonBay Communities is 32.51, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 46.75.

  • Price to Earnings Growth Ratio

    AvalonBay Communities has a PEG Ratio of 3.55. 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 2.63. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about AvalonBay Communities' valuation and earnings.
  • Percentage of Shares Shorted

    2.48% 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 4.9.
  • Change versus previous month

    Short interest in AvalonBay Communities has recently increased by 93.41%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    AvalonBay Communities pays a meaningful dividend of 3.05%, 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 101.19%. 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 58.87% next year. This indicates that AvalonBay Communities will be able to sustain or increase its dividend.

  • Read more about AvalonBay Communities' dividend.
  • Percentage of Shares Shorted

    2.48% 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 4.9.
  • Change versus previous month

    Short interest in AvalonBay Communities has recently increased by 93.41%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    AvalonBay Communities has a news sentiment score of 0.88. 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 higher news sentiment than the 0.67 average news sentiment score of Finance companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for AvalonBay Communities this week, compared to 8 articles on an average week.
  • Search Interest

    Only 3 people have searched for AVB on MarketBeat in the last 30 days. This is a decrease of -40% 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 -50% compared to the previous 30 days.
  • 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 $1,458,840.00 in company stock.

  • Percentage Held by Insiders

    Only 0.42% 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.

  • Read more about AvalonBay Communities' insider trading history.
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AVB Stock News Headlines

AvalonBay Earnings Preview: What to Expect
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AVB Stock Analysis - Frequently Asked Questions

AvalonBay Communities' stock was trading at $187.22 on January 1st, 2024. Since then, AVB shares have increased by 16.7% and is now trading at $218.50.
View the best growth stocks for 2024 here
.

AvalonBay Communities, Inc. (NYSE:AVB) released its quarterly earnings data on Wednesday, July, 31st. The real estate investment trust reported $1.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.71 by $0.93. The real estate investment trust had revenue of $726.04 million for the quarter, compared to the consensus estimate of $718.49 million. AvalonBay Communities had a trailing twelve-month return on equity of 7.16% and a net margin of 29.61%.
Read the conference call transcript
.

Top institutional investors of AvalonBay Communities include SG Americas Securities LLC (0.12%), Artemis Investment Management LLP (0.09%), Handelsbanken Fonder AB (0.06%) and Czech National Bank (0.02%). Insiders that own company stock include Matthew H Birenbaum, Kevin P O'shea, Joanne M Lockridge, Keri A Shea, William M Mclaughlin and Edward M Schulman.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that AvalonBay Communities investors own include Bank of America (BAC), NVIDIA (NVDA), AT&T (T), AbbVie (ABBV), Johnson & Johnson (JNJ), Walmart (WMT) and Home Depot (HD).

Company Calendar

Ex-Dividend for 7/15 Dividend
6/28/2024
Dividend Payable
7/15/2024
Last Earnings
7/31/2024
Ex-Dividend for 10/15 Dividend
9/30/2024
Today
10/08/2024
Dividend Payable
10/15/2024
Next Earnings (Confirmed)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Residential REITs
CUSIP
05348410
Employees
3,039
Year Founded
1978

Price Target and Rating

Average Stock Price Target
$225.88
High Stock Price Target
$255.00
Low Stock Price Target
$191.00
Potential Upside/Downside
+3.3%
Consensus Rating
Hold
Rating Score (0-4)
2.39
Research Coverage
18 Analysts

Profitability

Net Income
$928.83 million
Pretax Margin
29.85%

Debt

Sales & Book Value

Annual Sales
$2.84 billion
Cash Flow
$11.79 per share
Book Value
$82.97 per share

Miscellaneous

Free Float
141,589,000
Market Cap
$31.08 billion
Optionable
Optionable
Beta
0.97

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This page (NYSE:AVB) was last updated on 10/8/2024 by MarketBeat.com Staff
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