Trading Report: Today: AvalonBay Communities Inc. (AVB) Upgraded to “Buy” at Evercore ISI

Today: AvalonBay Communities Inc. (AVB) Upgraded to “Buy” at Evercore ISI

AvalonBay Communities Inc. (NYSE:AVB) was upgraded by stock analysts at Evercore ISI from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other research analysts have also weighed in on AVB. Jefferies Group restated a “hold” rating on shares of AvalonBay Communities in a report on Monday, August 1st. Deutsche Bank AG decreased their price target on AvalonBay Communities from $194.00 to $193.00 and set a “buy” rating for the company in a research report on Wednesday, August 10th. BTIG Research initiated coverage on AvalonBay Communities in a research report on Thursday, August 25th. They set a “buy” rating and a $208.00 price target for the company. Sandler O’Neill raised AvalonBay Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, September 6th. Finally, Zacks Investment Research downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $195.06.

Shares of AvalonBay Communities (NYSE:AVB) opened at 160.90 on Monday. The stock’s 50 day moving average price is $167.34 and its 200-day moving average price is $175.85. AvalonBay Communities has a 52-week low of $158.32 and a 52-week high of $192.29. The company has a market capitalization of $22.10 billion, a P/E ratio of 23.34 and a beta of 0.39.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Monday, October 24th. The real estate investment trust reported $2.11 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $2.11. AvalonBay Communities had a return on equity of 9.57% and a net margin of 50.39%. During the same period last year, the firm earned $2.02 EPS. On average, equities analysts expect that AvalonBay Communities will post $8.28 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Investors of record on Friday, December 30th will be paid a dividend of $1.35 per share. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $5.40 annualized dividend and a yield of 3.36%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 78.37%.

A number of large investors have recently bought and sold shares of AVB. Nisa Investment Advisors LLC raised its stake in AvalonBay Communities by 4.7% in the second quarter. Nisa Investment Advisors LLC now owns 45,132 shares of the real estate investment trust’s stock valued at $8,141,000 after buying an additional 2,040 shares in the last quarter. GWM Advisors LLC acquired a new stake in AvalonBay Communities during the second quarter valued at about $454,000. Capstone Asset Management Co. raised its stake in AvalonBay Communities by 3.0% in the second quarter. Capstone Asset Management Co. now owns 14,309 shares of the real estate investment trust’s stock valued at $2,581,000 after buying an additional 416 shares in the last quarter. NN Investment Partners Holdings N.V. raised its stake in AvalonBay Communities by 0.3% in the second quarter. NN Investment Partners Holdings N.V. now owns 31,581 shares of the real estate investment trust’s stock valued at $5,697,000 after buying an additional 100 shares in the last quarter. Finally, First Financial Corp IN raised its stake in AvalonBay Communities by 21.8% in the second quarter. First Financial Corp IN now owns 559 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 100 shares in the last quarter. 95.84% of the stock is owned by institutional investors.

AvalonBay Communities Company Profile

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