AvalonBay Communities (AVB) Earning Somewhat Positive Media Coverage, Analysis Shows

News coverage about AvalonBay Communities (NYSE:AVB) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. AvalonBay Communities earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.8127086776537 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of AvalonBay Communities (NYSE:AVB) traded up $2.08 during midday trading on Friday, reaching $165.75. The company’s stock had a trading volume of 1,442,165 shares, compared to its average volume of 874,967. AvalonBay Communities has a 12-month low of $152.65 and a 12-month high of $199.52. The firm has a market capitalization of $22,574.47, a PE ratio of 26.06, a P/E/G ratio of 2.54 and a beta of 0.42. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.19 and a quick ratio of 0.19.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $1.03. The business had revenue of $555.29 million for the quarter, compared to analysts’ expectations of $554.20 million. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.12 EPS. research analysts anticipate that AvalonBay Communities will post 8.97 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio is presently 89.31%.

A number of research analysts recently commented on the company. SunTrust Banks reissued a “buy” rating and issued a $186.00 price target on shares of AvalonBay Communities in a report on Friday, February 2nd. Cantor Fitzgerald reissued a “hold” rating and issued a $185.00 price target on shares of AvalonBay Communities in a report on Thursday, February 1st. BMO Capital Markets reissued a “hold” rating and issued a $187.00 price target on shares of AvalonBay Communities in a report on Wednesday, January 31st. Zelman & Associates raised AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Friday, February 9th. Finally, Zacks Investment Research downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $191.06.

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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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