Zacks Research Has Negative Forecast for AVB FY2028 Earnings

AvalonBay Communities, Inc. (NYSE:AVB) – Research analysts at Zacks Research lowered their FY2028 EPS estimates for shares of AvalonBay Communities in a report released on Wednesday, April 8th. Zacks Research analyst Team now anticipates that the real estate investment trust will post earnings of $12.76 per share for the year, down from their previous forecast of $13.66. The consensus estimate for AvalonBay Communities’ current full-year earnings is $11.48 per share.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Thursday, February 5th. The real estate investment trust reported $2.85 EPS for the quarter, topping the consensus estimate of $2.84 by $0.01. AvalonBay Communities had a net margin of 34.57% and a return on equity of 8.78%. The company had revenue of $767.86 million during the quarter, compared to analysts’ expectations of $766.38 million. During the same period last year, the company posted $2.80 earnings per share.

Other research analysts have also recently issued reports about the stock. Wall Street Zen cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Cantor Fitzgerald raised their price target on shares of AvalonBay Communities from $179.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday, February 9th. Citigroup decreased their price target on shares of AvalonBay Communities from $212.00 to $198.00 and set a “neutral” rating for the company in a report on Friday, February 13th. Scotiabank decreased their price target on shares of AvalonBay Communities from $193.00 to $190.00 and set a “sector perform” rating for the company in a report on Wednesday, March 4th. Finally, Barclays decreased their price target on shares of AvalonBay Communities from $217.00 to $202.00 and set an “overweight” rating for the company in a report on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $197.00.

AvalonBay Communities Stock Performance

Shares of AVB opened at $169.78 on Friday. AvalonBay Communities has a one year low of $160.10 and a one year high of $213.34. The company has a 50-day moving average of $171.83 and a two-hundred day moving average of $178.29. The stock has a market cap of $23.62 billion, a price-to-earnings ratio of 20.73, a PEG ratio of 2.95 and a beta of 0.75. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.77 and a quick ratio of 0.77.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AVB. Auto Owners Insurance Co raised its holdings in shares of AvalonBay Communities by 18,031.0% during the 4th quarter. Auto Owners Insurance Co now owns 11,785,150 shares of the real estate investment trust’s stock valued at $213,677,000 after purchasing an additional 11,720,150 shares in the last quarter. Norges Bank bought a new position in shares of AvalonBay Communities during the 4th quarter valued at $1,394,635,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AvalonBay Communities by 15,065.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,801,071 shares of the real estate investment trust’s stock valued at $326,552,000 after purchasing an additional 1,789,195 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of AvalonBay Communities by 76.0% during the 3rd quarter. Bank of America Corp DE now owns 2,355,838 shares of the real estate investment trust’s stock valued at $455,077,000 after purchasing an additional 1,017,286 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of AvalonBay Communities by 22.4% during the 4th quarter. JPMorgan Chase & Co. now owns 5,159,950 shares of the real estate investment trust’s stock valued at $935,551,000 after purchasing an additional 944,129 shares in the last quarter. Institutional investors 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 Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $1.78 per share. The ex-dividend date is Tuesday, March 31st. This represents a $7.12 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.75. AvalonBay Communities’s payout ratio is 86.94%.

Key Headlines Impacting AvalonBay Communities

Here are the key news stories impacting AvalonBay Communities this week:

• Positive Sentiment: Analysts and commentators are highlighting an undervaluation argument for AvalonBay amid mixed returns; that narrative is helping investor interest and supports a valuation re‑rating case. Assessing AvalonBay Communities (AVB) Valuation
• Positive Sentiment: AvalonBay’s CEO joining the PulteGroup board is being read as a positive signal about management quality and industry connections, which can boost investor confidence in strategic execution and capital allocation. AvalonBay CEO Joins PulteGroup Board
• Neutral Sentiment: Preview pieces outline what to watch in the next quarterly report (rent growth, occupancy, guidance and same‑property NOI trends); these set expectations but do not provide new data. What to expect from AvalonBay’s next quarterly earnings report
• Negative Sentiment: Zacks Research issued a broad set of downward EPS revisions across quarters and fiscal years (multiple cuts issued April 8). The reductions trim near‑term EPS forecasts (Q1–Q4 2026 and through FY2028) and could pressure sentiment if the company’s upcoming results or guidance do not show improved momentum.

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.