Wedbush Has Optimistic Outlook of AVB FY2025 Earnings

AvalonBay Communities, Inc. (NYSE:AVB) – Equities research analysts at Wedbush boosted their FY2025 EPS estimates for AvalonBay Communities in a report released on Wednesday, November 6th. Wedbush analyst R. Anderson now anticipates that the real estate investment trust will earn $11.75 per share for the year, up from their previous forecast of $11.68. The consensus estimate for AvalonBay Communities’ current full-year earnings is $11.01 per share.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $2.61 earnings per share for the quarter, missing the consensus estimate of $2.71 by ($0.10). The firm had revenue of $734.31 million during the quarter, compared to analyst estimates of $731.67 million. AvalonBay Communities had a net margin of 29.61% and a return on equity of 7.16%. During the same period in the previous year, the company posted $2.66 earnings per share.

Several other equities research analysts also recently weighed in on AVB. Scotiabank increased their price objective on AvalonBay Communities from $229.00 to $244.00 and gave the company a “sector perform” rating in a report on Monday, September 16th. BNP Paribas began coverage on AvalonBay Communities in a report on Wednesday, September 11th. They set an “outperform” rating and a $250.00 price target for the company. Deutsche Bank Aktiengesellschaft increased their price target on AvalonBay Communities from $206.00 to $249.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. UBS Group increased their price target on AvalonBay Communities from $210.00 to $228.00 and gave the stock a “neutral” rating in a report on Thursday, July 18th. Finally, Royal Bank of Canada decreased their price target on AvalonBay Communities from $234.00 to $233.00 and set a “sector perform” rating for the company in a report on Wednesday. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $227.06.

AvalonBay Communities Price Performance

AVB stock opened at $224.93 on Thursday. The company has a market capitalization of $31.99 billion, a P/E ratio of 30.77, a PEG ratio of 3.29 and a beta of 0.97. AvalonBay Communities has a twelve month low of $164.76 and a twelve month high of $236.26. The business has a 50 day simple moving average of $225.66 and a 200-day simple moving average of $210.60. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.71.

AvalonBay Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $1.70 dividend. This represents a $6.80 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Monday, September 30th. AvalonBay Communities’s payout ratio is currently 93.02%.

Institutional Investors Weigh In On AvalonBay Communities

Institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC acquired a new stake in AvalonBay Communities during the second quarter valued at approximately $32,000. Versant Capital Management Inc boosted its holdings in shares of AvalonBay Communities by 1,877.8% during the 2nd quarter. Versant Capital Management Inc now owns 178 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 169 shares during the period. Mather Group LLC. boosted its holdings in AvalonBay Communities by 38.6% in the 3rd quarter. Mather Group LLC. now owns 201 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 56 shares during the period. BROOKFIELD Corp ON bought a new stake in AvalonBay Communities in the 1st quarter valued at $39,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in shares of AvalonBay Communities by 38.8% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 261 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 73 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Company Profile

As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. 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 regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.