Media coverage about AvalonBay Communities (NYSE:AVB) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AvalonBay Communities earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 48.0750141268954 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
Several research analysts have weighed in on AVB shares. Stifel Nicolaus restated a “buy” rating and set a $209.00 target price on shares of AvalonBay Communities in a research report on Wednesday, October 4th. Royal Bank of Canada lowered their target price on shares of AvalonBay Communities from $206.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, November 6th. Mizuho restated a “buy” rating and set a $220.00 target price on shares of AvalonBay Communities in a research report on Monday, November 6th. UBS Group upgraded shares of AvalonBay Communities from a “neutral” rating to a “buy” rating and upped their target price for the stock from $190.00 to $206.00 in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. lowered 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 research analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $201.40.
AvalonBay Communities (AVB) traded down $0.35 during mid-day trading on Friday, hitting $174.26. 650,844 shares of the stock traded hands, compared to its average volume of 568,475. The firm has a market capitalization of $24,060.00, a price-to-earnings ratio of 27.31, a PEG ratio of 2.59 and a beta of 0.35. AvalonBay Communities has a twelve month low of $169.50 and a twelve month high of $199.52. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.69.
AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $1.72 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.45). The business had revenue of $550.50 million during the quarter, compared to analyst estimates of $539.69 million. AvalonBay Communities had a net margin of 41.55% and a return on equity of 8.66%. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.11 earnings per share. sell-side analysts expect that AvalonBay Communities will post 8.62 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders 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 annualized dividend and a dividend yield of 3.26%. AvalonBay Communities’s dividend payout ratio is presently 89.03%.
In related news, CEO Timothy J. Naughton sold 25,160 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $183.84, for a total transaction of $4,625,414.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Leo S. Horey III sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $181.89, for a total transaction of $363,780.00. The disclosure for this sale can be found here. Insiders sold 30,660 shares of company stock worth $5,628,669 over the last quarter. Company insiders own 0.46% 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.
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