AvalonBay Communities (NYSE:AVB) Releases Earnings Results, Misses Expectations By $0.03 EPS

AvalonBay Communities (NYSE:AVB) posted its quarterly earnings results on Wednesday. The real estate investment trust reported $2.80 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.03), Zacks reports. AvalonBay Communities had a net margin of 36.20% and a return on equity of 8.84%. AvalonBay Communities updated its Q1 2025 guidance to 2.750-2.850 EPS and its FY 2025 guidance to 11.140-11.640 EPS.

AvalonBay Communities Price Performance

Shares of NYSE AVB opened at $224.27 on Thursday. The stock has a market cap of $31.90 billion, a P/E ratio of 30.68, a P/E/G ratio of 3.09 and a beta of 1.00. The firm’s 50-day simple moving average is $221.12 and its 200 day simple moving average is $221.98. AvalonBay Communities has a fifty-two week low of $169.37 and a fifty-two week high of $239.29. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.70.

AvalonBay Communities Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 3.12%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.70. AvalonBay Communities’s payout ratio is 93.02%.

Insider Activity at AvalonBay Communities

In related news, Director Timothy J. Naughton sold 23,697 shares of AvalonBay Communities stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $233.47, for a total transaction of $5,532,538.59. Following the transaction, the director now directly owns 87,239 shares of the company’s stock, valued at $20,367,689.33. The trade was a 21.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.48% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AVB. JPMorgan Chase & Co. raised shares of AvalonBay Communities from a “neutral” rating to an “overweight” rating and raised their target price for the company from $247.00 to $262.00 in a research note on Tuesday, December 17th. Mizuho raised AvalonBay Communities from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $239.00 to $242.00 in a research report on Monday, January 6th. Morgan Stanley downgraded AvalonBay Communities from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $236.00 to $223.00 in a research report on Friday, January 24th. Barclays reduced their price target on AvalonBay Communities from $243.00 to $230.00 and set an “equal weight” rating on the stock in a research report on Friday, January 24th. Finally, Scotiabank lowered their price objective on shares of AvalonBay Communities from $244.00 to $241.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $234.60.

About AvalonBay Communities

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.