AvalonBay Communities (AVB) Set to Announce Earnings on Wednesday

AvalonBay Communities (NYSE:AVB) will be issuing its quarterly earnings data after the market closes on Wednesday, July 31st. Analysts expect the company to announce earnings of $2.71 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

AvalonBay Communities Stock Up 0.9 %

Shares of AvalonBay Communities stock opened at $208.38 on Tuesday. The business has a 50-day moving average of $201.39 and a 200-day moving average of $189.61. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $29.63 billion, a PE ratio of 31.01, a P/E/G ratio of 3.01 and a beta of 0.96. AvalonBay Communities has a 1-year low of $160.45 and a 1-year high of $211.20.

AvalonBay Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were paid a dividend of $1.70 per share. The ex-dividend date was Friday, June 28th. This represents a $6.80 annualized dividend and a dividend yield of 3.26%. AvalonBay Communities’s dividend payout ratio is presently 101.19%.

Wall Street Analyst Weigh In

AVB has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on AvalonBay Communities from $191.00 to $196.00 and gave the company a “sector perform” rating in a research note on Monday, April 29th. UBS Group increased their price target on shares of AvalonBay Communities from $210.00 to $228.00 and gave the stock a “neutral” rating in a research report on Thursday, July 18th. Argus raised their target price on shares of AvalonBay Communities from $188.00 to $212.00 and gave the stock a “buy” rating in a report on Tuesday, April 30th. Morgan Stanley raised their target price on shares of AvalonBay Communities from $203.00 to $209.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Finally, Evercore ISI raised their target price on shares of AvalonBay Communities from $205.00 to $207.00 and gave the stock an “in-line” rating in a report on Tuesday, July 9th. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities has an average rating of “Hold” and an average target price of $207.76.

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.