Zacks Research Issues Negative Estimate for AVB Earnings

AvalonBay Communities, Inc. (NYSE:AVB) – Equities research analysts at Zacks Research lowered their Q4 2026 earnings estimates for shares of AvalonBay Communities in a report released on Tuesday, April 1st. Zacks Research analyst R. Department now anticipates that the real estate investment trust will post earnings per share of $3.06 for the quarter, down from their prior estimate of $3.07. The consensus estimate for AvalonBay Communities’ current full-year earnings is $11.48 per share.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, February 5th. The real estate investment trust reported $2.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.03). AvalonBay Communities had a return on equity of 9.15% and a net margin of 37.13%.

Several other research analysts also recently issued reports on AVB. Zelman & Associates raised AvalonBay Communities from a “neutral” rating to an “outperform” rating in a research note on Thursday, February 13th. Morgan Stanley cut shares of AvalonBay Communities from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $236.00 to $223.00 in a research report on Friday, January 24th. Evercore ISI lifted their price target on shares of AvalonBay Communities from $230.00 to $240.00 and gave the stock an “in-line” rating in a report on Monday, February 10th. Royal Bank of Canada increased their price objective on AvalonBay Communities from $226.00 to $229.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. Finally, Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $239.00 to $242.00 in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $238.64.

AvalonBay Communities Price Performance

Shares of AVB opened at $216.01 on Thursday. The business has a 50-day simple moving average of $217.37 and a two-hundred day simple moving average of $222.09. AvalonBay Communities has a 12-month low of $177.40 and a 12-month high of $239.29. The stock has a market cap of $30.73 billion, a PE ratio of 28.46, a PEG ratio of 3.11 and a beta of 1.00. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.68.

Institutional Trading of AvalonBay Communities

Several large investors have recently modified their holdings of AVB. State Street Corp boosted its stake in AvalonBay Communities by 2.2% during the third quarter. State Street Corp now owns 9,245,028 shares of the real estate investment trust’s stock worth $2,097,971,000 after acquiring an additional 196,938 shares in the last quarter. Norges Bank acquired a new position in shares of AvalonBay Communities during the fourth quarter valued at about $1,499,050,000. Price T Rowe Associates Inc. MD boosted its position in shares of AvalonBay Communities by 35.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,152,183 shares of the real estate investment trust’s stock worth $1,133,328,000 after purchasing an additional 1,336,698 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of AvalonBay Communities by 0.6% in the 4th quarter. Principal Financial Group Inc. now owns 4,590,539 shares of the real estate investment trust’s stock valued at $1,009,781,000 after buying an additional 27,629 shares during the period. Finally, JPMorgan Chase & Co. increased its position in AvalonBay Communities by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,060,497 shares of the real estate investment trust’s stock valued at $914,627,000 after buying an additional 55,588 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.24%. This is a boost from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date is Monday, March 31st. AvalonBay Communities’s dividend payout ratio is presently 92.23%.

About AvalonBay Communities

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.