AvalonBay Communities, Inc. (AVB) to Issue Quarterly Dividend of $1.42 on January 16th

AvalonBay Communities, Inc. (NYSE:AVB) announced a quarterly dividend on Thursday, November 9th, RTT News reports. Investors of record on Friday, December 29th will be paid a dividend of 1.42 per share by the real estate investment trust on Tuesday, January 16th. This represents a $5.68 annualized dividend and a yield of 3.17%. The ex-dividend date is Thursday, December 28th.

AvalonBay Communities has increased its dividend payment by an average of 8.2% per year over the last three years and has increased its dividend every year for the last 5 years. AvalonBay Communities has a dividend payout ratio of 65.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect AvalonBay Communities to earn $9.10 per share next year, which means the company should continue to be able to cover its $5.68 annual dividend with an expected future payout ratio of 62.4%.

Shares of AvalonBay Communities (AVB) opened at $178.99 on Wednesday. AvalonBay Communities has a twelve month low of $169.50 and a twelve month high of $199.52. The company has a market capitalization of $24,720.00, a P/E ratio of 28.05, a P/E/G ratio of 2.80 and a beta of 0.35. 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 (NYSE:AVB) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $1.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.17 by ($0.45). AvalonBay Communities had a return on equity of 8.66% and a net margin of 41.55%. The firm had revenue of $550.50 million for the quarter, compared to the consensus estimate of $539.69 million. During the same period in the previous year, the firm earned $2.11 EPS. AvalonBay Communities’s revenue for the quarter was up 6.6% on a year-over-year basis. analysts expect that AvalonBay Communities will post 8.62 EPS for the current year.

In other AvalonBay Communities news, insider Leo S. Horey III sold 2,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $181.89, for a total transaction of $363,780.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Sean J. Breslin sold 1,500 shares of the business’s 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 three months, insiders have sold 30,660 shares of company stock worth $5,628,669. Company insiders own 0.46% of the company’s stock.

Several research firms have issued reports on AVB. Stifel Nicolaus dropped their price target on AvalonBay Communities from $209.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, November 1st. Zacks Investment Research raised AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Goldman Sachs Group cut AvalonBay Communities from a “buy” rating to a “neutral” rating and set a $196.00 price target on the stock. in a report on Tuesday, September 5th. BMO Capital Markets reaffirmed a “hold” rating and issued a $190.00 price target on shares of AvalonBay Communities in a report on Monday, November 27th. Finally, Royal Bank of Canada dropped their price target on AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating on the stock in a report on Monday, November 6th. 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 company’s stock. The stock has an average rating of “Hold” and an average price target of $201.40.

ILLEGAL ACTIVITY WARNING: “AvalonBay Communities, Inc. (AVB) to Issue Quarterly Dividend of $1.42 on January 16th” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are viewing this story on another domain, it was stolen and reposted in violation of US & international copyright and trademark law. The legal version of this story can be read at https://sportsperspectives.com/2017/12/27/avalonbay-communities-inc-avb-to-issue-quarterly-dividend-of-1-42-on-january-16th-2.html.

AvalonBay Communities Company Profile

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.

Dividend History for AvalonBay Communities (NYSE:AVB)

Receive News & Ratings for AvalonBay Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AvalonBay Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply