AvalonBay Communities (AVB) Receiving Somewhat Positive Press Coverage, Accern Reports

News headlines about AvalonBay Communities (NYSE:AVB) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AvalonBay Communities earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 46.8211215679073 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

These are some of the media stories that may have impacted Accern’s scoring:

Several analysts have recently commented on the company. BMO Capital Markets set a $178.00 target price on AvalonBay Communities and gave the stock a “hold” rating in a research report on Monday, February 12th. SunTrust Banks reissued a “buy” rating and set a $186.00 price objective on shares of AvalonBay Communities in a research report on Friday, February 2nd. BTIG Research reduced their price objective on AvalonBay Communities to $189.00 and set a “buy” rating for the company in a research report on Thursday, March 15th. Robert W. Baird set a $178.00 price objective on AvalonBay Communities and gave the company a “buy” rating in a research report on Friday, March 2nd. Finally, JPMorgan Chase cut AvalonBay Communities from an “overweight” rating to a “neutral” rating and set a $211.00 price objective for the company. in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $191.06.

NYSE AVB traded up $0.41 during trading on Friday, hitting $164.46. 842,893 shares of the company traded hands, compared to its average volume of 872,921. AvalonBay Communities has a 12 month low of $152.65 and a 12 month high of $199.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.19 and a quick ratio of 0.19. The firm has a market cap of $22,711.27, a P/E ratio of 19.08, a price-to-earnings-growth ratio of 2.57 and a beta of 0.42.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $2.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $1.03. AvalonBay Communities had a return on equity of 8.57% and a net margin of 40.62%. The company had revenue of $555.29 million for the quarter, compared to analyst estimates of $554.20 million. During the same period last year, the company earned $2.12 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. equities analysts expect that AvalonBay Communities will post 8.96 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 29th will be issued a dividend of $1.47 per share. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.42. This represents a $5.88 annualized dividend and a yield of 3.58%. The ex-dividend date is Wednesday, March 28th. AvalonBay Communities’s dividend payout ratio (DPR) is 68.21%.

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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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