AvalonBay Communities (NYSE:AVB) Releases Quarterly Earnings Results, Misses Estimates By $0.03 EPS

AvalonBay Communities (NYSE:AVB) released its quarterly earnings results on Wednesday. The real estate investment trust reported $2.80 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.03), Zacks reports. AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. AvalonBay Communities updated its Q1 2025 guidance to 2.750-2.850 EPS and its FY 2025 guidance to 11.140-11.640 EPS.

AvalonBay Communities Price Performance

Shares of AvalonBay Communities stock traded down $0.88 during trading on Friday, reaching $220.90. 103,582 shares of the stock traded hands, compared to its average volume of 617,562. AvalonBay Communities has a 52-week low of $169.37 and a 52-week high of $239.29. The business has a fifty day simple moving average of $220.79 and a two-hundred day simple moving average of $221.98. The company has a market capitalization of $31.42 billion, a price-to-earnings ratio of 30.16, a P/E/G ratio of 3.09 and a beta of 1.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.64 and a quick ratio of 1.64.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $1.75 dividend. The ex-dividend date is Monday, March 31st. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.70. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.17%. AvalonBay Communities’s dividend payout ratio is 93.02%.

Insider Transactions at AvalonBay Communities

In other news, Director Timothy J. Naughton sold 23,697 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $233.47, for a total value of $5,532,538.59. Following the completion of the transaction, the director now owns 87,239 shares of the company’s stock, valued at $20,367,689.33. The trade was a 21.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley downgraded AvalonBay Communities from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $236.00 to $223.00 in a research note on Friday, January 24th. Royal Bank of Canada dropped their target price on AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 6th. JPMorgan Chase & Co. upgraded AvalonBay Communities from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $247.00 to $262.00 in a report on Tuesday, December 17th. Barclays cut their price objective on shares of AvalonBay Communities from $243.00 to $230.00 and set an “equal weight” rating on the stock in a report on Friday, January 24th. Finally, Scotiabank dropped their price target on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, AvalonBay Communities presently has a consensus rating of “Hold” and a consensus target price of $234.60.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.