The price of AvalonBay Communities Inc. (NYSE:AVB) shares last traded on Wall Street fell -0.71% to $162.47.
AVB stock price is now -3.02% away from the 50-day moving average and -17.64% away from the 200-day moving average. The market capitalization of the company currently stands at $21.94B.
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With the price target reduced from $194 to $179, Deutsche Bank Downgraded its rating from Buy to Hold for AvalonBay Communities Inc. (NYSE: AVB). On December 16, 2022, JP Morgan Downgraded its previous ‘Neutral’ rating to ‘Underweight’ on the stock reducing its target price from $206 to quote $197, while ‘Goldman’ rates the stock as ‘Neutral’.
Insiders disposed of 46,461 shares of company stock worth roughly $7.55 million over the past 1 year. A total of 0.32% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AVB stock. A new stake in AvalonBay Communities Inc. shares was purchased by GREAT WEST LIFE ASSURANCE CO /CAN/ during the first quarter worth $44,237,000. V3 CAPITAL MANAGEMENT, L.P. invested $31,407,000 in shares of AVB during the first quarter. In the first quarter, FERGUSON WELLMAN CAPITAL MANAGEMENT, INC acquired a new stake in AvalonBay Communities Inc. valued at approximately $21,417,000. ADELANTE CAPITAL MANAGEMENT LLC acquired a new stake in AVB for approximately $21,038,000. UNIPLAN INVESTMENT COUNSEL, INC. purchased a new stake in AVB valued at around $18,007,000 in the second quarter. In total, there are 1,005 active investors with 93.80% ownership of the company’s stock.
A candlestick chart of AvalonBay Communities Inc. (NYSE: AVB) showed a price of $163.19 on Monday morning. During the past 12 months, AvalonBay Communities Inc. has had a low of $157.69 and a high of $259.05. The fifty day moving average price for AVB is $167.28 and a two-hundred day moving average price translates $196.88 for the stock.
The latest earnings results from AvalonBay Communities Inc. (NYSE: AVB) was released for Jun, 2022. According to the REIT – Residential Company, earnings per share came in at $0.99, beating analysts’ expectations of $0.92 by 0.07. This compares to $0.56 EPS in the same period last year. The net profit margin was 45.80% and return on equity was 10.50% for AVB. The company reported revenue of $665.29 million for the quarter, compared to $580.77 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.55 percent. For the current quarter, analysts expect AVB to generate $662.46M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/17/2023. Investors who held shares on 12/30/2022 were paid a $1.59 dividend. On an annualized basis, this represents a $6.36 dividend and a 3.91% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, AVB is presently at 76.90%.
AvalonBay Communities Inc.(AVB) Company Profile
As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company’s expansion markets consisting of Southeast Florida and Denver, Colorado (the “Expansion Markets”).
