AvalonBay Communities, Inc. (NYSE:AVB – Get Rating) – Analysts at Jefferies Financial Group reduced their Q2 2022 EPS estimates for shares of AvalonBay Communities in a research note issued to investors on Wednesday, May 11th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $2.30 per share for the quarter, down from their prior forecast of $2.32.
Several other research analysts have also issued reports on the stock. Truist Financial dropped their price target on shares of AvalonBay Communities from $266.00 to $263.00 and set a “hold” rating for the company in a research report on Monday, March 7th. Royal Bank of Canada increased their price target on shares of AvalonBay Communities from $251.00 to $260.00 and gave the stock a “sector perform” rating in a research report on Monday, February 7th. Mizuho dropped their price target on shares of AvalonBay Communities from $276.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, February 16th. KeyCorp increased their price target on shares of AvalonBay Communities from $255.00 to $275.00 and gave the stock an “overweight” rating in a research report on Thursday, January 13th. Finally, StockNews.com started coverage on shares of AvalonBay Communities in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $262.47.
Several institutional investors have recently made changes to their positions in AVB. Dixon Hughes Goodman Wealth Advisors LLC bought a new stake in shares of AvalonBay Communities in the fourth quarter worth about $25,000. Rise Advisors LLC bought a new stake in shares of AvalonBay Communities in the fourth quarter worth about $30,000. Riverview Trust Co bought a new stake in shares of AvalonBay Communities in the first quarter worth about $32,000. Jones Financial Companies Lllp bought a new stake in shares of AvalonBay Communities in the third quarter worth about $33,000. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of AvalonBay Communities by 240.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 160 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 113 shares in the last quarter. Institutional investors own 90.98% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were paid a $1.59 dividend. This represents a $6.36 annualized dividend and a yield of 3.12%. The ex-dividend date was Wednesday, March 30th. AvalonBay Communities’s payout ratio is 79.10%.
About AvalonBay Communities (Get Rating)
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").
- Get a free copy of the StockNews.com research report on AvalonBay Communities (AVB)
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