AvalonBay Communities (AVB) Getting Somewhat Positive Press Coverage, Analysis Finds

News stories about AvalonBay Communities (NYSE:AVB) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. AvalonBay Communities earned a news impact score of 0.15 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.5777829451505 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

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A number of equities research analysts have recently commented on the stock. BMO Capital Markets set a $178.00 price objective on shares of AvalonBay Communities and gave the company a “hold” rating in a research note on Monday, February 12th. SunTrust Banks reiterated a “buy” rating and set a $186.00 target price on shares of AvalonBay Communities in a research report on Friday, February 2nd. BTIG Research dropped their target price on shares of AvalonBay Communities to $189.00 and set a “buy” rating on the stock in a research report on Thursday, March 15th. Robert W. Baird set a $178.00 target price on shares of AvalonBay Communities and gave the company a “buy” rating in a research report on Friday, March 2nd. Finally, JPMorgan Chase downgraded shares of AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 target price on the stock. in a research report on Friday, December 15th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $191.00.

AVB traded down $0.58 during trading on Monday, hitting $165.42. 469,950 shares of the company’s stock were exchanged, compared to its average volume of 844,735. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.71. AvalonBay Communities has a fifty-two week low of $152.65 and a fifty-two week high of $199.52. The company has a market cap of $22,923.85, a price-to-earnings ratio of 19.19, a PEG ratio of 2.60 and a beta of 0.36.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $1.03. AvalonBay Communities had a net margin of 40.62% and a return on equity of 8.57%. The firm had revenue of $555.29 million for the quarter, compared to the consensus estimate of $554.20 million. During the same quarter in the prior year, the company posted $2.12 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. equities analysts forecast that AvalonBay Communities will post 8.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a dividend of $1.47 per share. This is an increase from AvalonBay Communities’s previous quarterly dividend of $1.42. The ex-dividend date is Wednesday, March 28th. This represents a $5.88 annualized dividend and a yield of 3.55%. AvalonBay Communities’s dividend payout ratio is presently 68.21%.

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About AvalonBay Communities

AvalonBay Communities, Inc is a real estate investment trust (REIT). The Company is focused on the development, redevelopment, acquisition, ownership and operation of multifamily communities primarily in New England, the New York/New Jersey metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California.

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