AvalonBay Communities (AVB) Set to Announce Quarterly Earnings on Tuesday

AvalonBay Communities (NYSE:AVB) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 24th.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $1.03. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The company had revenue of $555.29 million for the quarter, compared to the consensus estimate of $554.20 million. During the same quarter last year, the business posted $2.12 EPS. AvalonBay Communities’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, analysts expect AvalonBay Communities to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

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NYSE:AVB opened at $160.87 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.19 and a current ratio of 0.19. AvalonBay Communities has a 52 week low of $152.65 and a 52 week high of $199.52. The company has a market cap of $22,215.50, a price-to-earnings ratio of 18.66, a PEG ratio of 2.52 and a beta of 0.36.

The company also recently announced a quarterly dividend, which was paid on Monday, April 16th. Shareholders of record on Thursday, March 29th were issued a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date was Wednesday, March 28th. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. AvalonBay Communities’s dividend payout ratio (DPR) is currently 68.21%.

AVB has been the topic of a number of research analyst reports. Argus reduced their target price on AvalonBay Communities from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Thursday, March 1st. SunTrust Banks set a $194.00 target price on AvalonBay Communities and gave the stock a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $185.00 target price on shares of AvalonBay Communities in a report on Friday, January 19th. Robert W. Baird reaffirmed a “buy” rating and set a $187.00 target price on shares of AvalonBay Communities in a report on Tuesday, January 9th. Finally, Mizuho set a $185.00 target price on AvalonBay Communities and gave the stock a “buy” rating in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and ten have given a buy rating to the stock. AvalonBay Communities presently has an average rating of “Hold” and an average price target of $189.24.

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AvalonBay Communities Company Profile

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.

Earnings History for AvalonBay Communities (NYSE:AVB)

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