News coverage about AvalonBay Communities (NYSE:AVB) has trended somewhat positive on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. AvalonBay Communities earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.3958972499746 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- Today’s Research Report Coverage on REIT Stocks — AvalonBay Communities, Capstead Mortgage, Camden Property Trust, and EdR (markets.businessinsider.com)
- MV Capital Management Inc. Has $226000 Stake in AvalonBay Communities, Inc. (AVB) (overnewsmagazine.com)
- AvalonBay Communities (NYSE:AVB) Receives News Impact Score of 0.04 (campdesrecrues.com)
- AvalonBay Revenue Climbs in 2Q17, Backed by Rent Growth (finance.yahoo.com)
- AvalonBay Maintains Profit with Strategic Capital Deployment (finance.yahoo.com)
Several brokerages have recently commented on AVB. Royal Bank Of Canada restated a “buy” rating and set a $203.00 price target on shares of AvalonBay Communities in a research note on Sunday, July 16th. BTIG Research increased their price target on shares of AvalonBay Communities from $191.00 to $200.00 and gave the stock a “buy” rating in a research note on Monday, April 24th. Jefferies Group LLC restated a “hold” rating and set a $196.00 price target on shares of AvalonBay Communities in a research note on Monday, April 24th. BMO Capital Markets restated a “hold” rating and set a $191.00 price target on shares of AvalonBay Communities in a research note on Thursday, May 25th. Finally, Barclays PLC increased their price target on shares of AvalonBay Communities from $174.00 to $188.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 19th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. AvalonBay Communities currently has a consensus rating of “Hold” and a consensus target price of $193.58.
Shares of AvalonBay Communities (NYSE AVB) opened at 189.27 on Thursday. The company has a market capitalization of $26.01 billion, a P/E ratio of 25.22 and a beta of 0.34. The firm has a 50-day moving average of $191.07 and a 200-day moving average of $186.62. AvalonBay Communities has a one year low of $158.32 and a one year high of $199.52.
AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, August 2nd. The real estate investment trust reported $2.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.14 by $0.05. AvalonBay Communities had a return on equity of 9.88% and a net margin of 47.90%. The firm had revenue of $530.51 million for the quarter, compared to analyst estimates of $529.48 million. During the same quarter in the previous year, the firm posted $2.03 earnings per share. Equities research analysts expect that AvalonBay Communities will post $5.03 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $1.42 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $5.68 annualized dividend and a dividend yield of 3.00%. AvalonBay Communities’s dividend payout ratio is currently 78.13%.
In other AvalonBay Communities news, EVP Edward M. Schulman sold 1,764 shares of the company’s stock in a transaction on Monday, May 15th. The shares were sold at an average price of $191.82, for a total value of $338,370.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William M. Mclaughlin sold 5,112 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $193.88, for a total transaction of $991,114.56. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
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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.
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