FY2017 Earnings Forecast for AvalonBay Communities, Inc. Issued By Jefferies Group (AVB)

AvalonBay Communities, Inc. (NYSE:AVB) – Equities researchers at Jefferies Group boosted their FY2017 EPS estimates for shares of AvalonBay Communities in a report issued on Thursday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will earn $8.62 per share for the year, up from their prior estimate of $8.50. Jefferies Group also issued estimates for AvalonBay Communities’ Q4 2017 earnings at $2.25 EPS and FY2018 earnings at $9.22 EPS.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.45). AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The company had revenue of $550.50 million for the quarter, compared to analyst estimates of $539.69 million. During the same period in the previous year, the business posted $2.11 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year.

A number of other research firms have also recently weighed in on AVB. Goldman Sachs Group cut shares of AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price objective on the stock. in a report on Tuesday, September 5th. Robert W. Baird reaffirmed a “buy” rating and issued a $202.00 target price on shares of AvalonBay Communities in a report on Friday, September 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $209.00 target price on shares of AvalonBay Communities in a report on Friday, September 1st. UBS raised shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and lifted their target price for the company from $190.00 to $206.00 in a report on Thursday, November 9th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $190.00 target price on shares of AvalonBay Communities in a report on Monday, November 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $201.40.

Shares of AvalonBay Communities (AVB) opened at $182.46 on Monday. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.69. AvalonBay Communities has a 1-year low of $169.50 and a 1-year high of $199.52. The firm has a market cap of $25,085.05, a P/E ratio of 21.40, a price-to-earnings-growth ratio of 2.85 and a beta of 0.35.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be given a $1.42 dividend. The ex-dividend date is Thursday, December 28th. This represents a $5.68 dividend on an annualized basis and a yield of 3.11%. AvalonBay Communities’s dividend payout ratio (DPR) is 88.75%.

In related news, insider Leo S. Horey III sold 2,000 shares of AvalonBay Communities stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $182.75, for a total value of $365,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Sean J. Breslin sold 1,500 shares of AvalonBay Communities stock in a transaction on Monday, December 11th. The shares were sold at an average price of $182.65, for a total transaction of $273,975.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 30,660 shares of company stock worth $5,628,669. 0.46% of the stock is currently owned by insiders.

A number of large investors have recently bought and sold shares of the stock. Miles Capital Inc. grew its position in AvalonBay Communities by 2.8% in the 2nd quarter. Miles Capital Inc. now owns 1,402 shares of the real estate investment trust’s stock valued at $269,000 after buying an additional 38 shares during the last quarter. Blair William & Co. IL grew its position in AvalonBay Communities by 0.7% in the 2nd quarter. Blair William & Co. IL now owns 7,221 shares of the real estate investment trust’s stock valued at $1,388,000 after buying an additional 50 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in AvalonBay Communities by 0.5% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,237 shares of the real estate investment trust’s stock valued at $1,967,000 after buying an additional 50 shares during the last quarter. Utah Retirement Systems grew its position in AvalonBay Communities by 0.4% in the 2nd quarter. Utah Retirement Systems now owns 29,135 shares of the real estate investment trust’s stock valued at $5,599,000 after buying an additional 115 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in AvalonBay Communities by 2.5% in the 2nd quarter. Riverhead Capital Management LLC now owns 5,673 shares of the real estate investment trust’s stock valued at $1,090,000 after buying an additional 141 shares during the last quarter. Hedge funds and other institutional investors own 94.84% of the company’s stock.

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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.

Earnings History and Estimates for AvalonBay Communities (NYSE:AVB)

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