Wedbush Forecasts Lower Earnings for AvalonBay Communities

AvalonBay Communities, Inc. (NYSE:AVB) – Equities researchers at Wedbush decreased their FY2025 earnings per share estimates for shares of AvalonBay Communities in a report released on Monday, February 10th. Wedbush analyst R. Anderson now expects that the real estate investment trust will earn $11.42 per share for the year, down from their previous forecast of $11.75. The consensus estimate for AvalonBay Communities’ current full-year earnings is $11.53 per share.

AvalonBay Communities (NYSE:AVB) last posted its 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%.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. upgraded shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $247.00 to $262.00 in a report on Tuesday, December 17th. Scotiabank decreased their price target on AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 14th. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $239.00 to $242.00 in a research note on Monday, January 6th. Barclays decreased their target price on AvalonBay Communities from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research note on Friday, January 24th. Finally, Piper Sandler lowered their target price on AvalonBay Communities from $270.00 to $265.00 and set an “overweight” rating for the company in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $235.73.

AvalonBay Communities Trading Down 0.5 %

Shares of AVB stock opened at $217.88 on Thursday. AvalonBay Communities has a 1-year low of $169.37 and a 1-year high of $239.29. The firm has a market cap of $30.99 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.10 and a beta of 0.99. The company has a 50-day moving average of $219.88 and a two-hundred day moving average of $222.44. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.64 and a quick ratio of 1.64.

Hedge Funds Weigh In On AvalonBay Communities

A number of institutional investors and hedge funds have recently modified their holdings of AVB. RPg Family Wealth Advisory LLC acquired a new stake in AvalonBay Communities in the third quarter valued at $26,000. Whipplewood Advisors LLC purchased a new position in shares of AvalonBay Communities in the 4th quarter valued at about $36,000. Brooklyn Investment Group purchased a new position in shares of AvalonBay Communities in the 3rd quarter valued at about $39,000. Crowley Wealth Management Inc. acquired a new stake in shares of AvalonBay Communities during the 4th quarter worth about $44,000. Finally, Prospera Private Wealth LLC purchased a new stake in AvalonBay Communities during the third quarter worth approximately $51,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.21%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. The ex-dividend date of this dividend is Monday, March 31st. AvalonBay Communities’s dividend payout ratio (DPR) is presently 89.59%.

AvalonBay Communities Company Profile

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.