AvalonBay Communities, Inc. (AVB) to Issue Quarterly Dividend of $1.78 on July 15th

AvalonBay Communities, Inc. (NYSE:AVB) declared a quarterly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 30th will be given a dividend of 1.78 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

AvalonBay Communities has increased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 3 years. AvalonBay Communities has a dividend payout ratio of 124.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect AvalonBay Communities to earn $11.71 per share next year, which means the company should continue to be able to cover its $7.12 annual dividend with an expected future payout ratio of 60.8%.

AvalonBay Communities Stock Performance

AVB opened at $186.57 on Thursday. The business has a fifty day simple moving average of $179.09 and a 200 day simple moving average of $177.59. The company has a market capitalization of $25.95 billion, a PE ratio of 27.04, a price-to-earnings-growth ratio of 3.25 and a beta of 0.78. AvalonBay Communities has a 1 year low of $160.10 and a 1 year high of $209.86. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.62 and a quick ratio of 0.62.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.47). The firm had revenue of $770.28 million during the quarter, compared to the consensus estimate of $768.80 million. AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. During the same quarter last year, the firm earned $2.83 earnings per share. Research analysts expect that AvalonBay Communities will post 11.31 EPS for the current year.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.