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Monday, June 5, 2023

An Evaluation Of AvalonBay Communities Inc. (NYSE: AVB) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for AvalonBay Communities Inc. (AVB) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.07, or -0.04%, to $181.60. The AvalonBay Communities Inc. has recorded 12,403 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed AvalonBay Communities, Inc. Announces First Quarter 2023 Operating Results and Second Quarter and Full Year 2023 Financial Outlook.

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Stocks Info

AVB belongs to the Real Estate sector of the NYSE while operating in the REIT – Residential industry. At the end of the last regular session, the stock closed at $181.67 and fluctuated between $182.25 as its day high and $180.05 as its day low. The current market capitalization of AvalonBay Communities Inc. is $25.05B. A total of 0.67 million shares were traded on the day, compared to an average of 904.71K shares.

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, AVB has seen 19 BUY and 8 SELL insider trades, representing the acquisition of 74,528 and the disposition of 36,688 shares. Over the last 12 months, there were 46 BUYs and 11 SELLs from insiders. Insiders purchased 100,662 shares during that period but sold 54,171.


Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. AvalonBay Communities Inc. pays an annual dividend of $6.60, resulting in a dividend yield of 3.63%, and it has a price to earnings (P/E) ratio of 22.41. AVB’s most recent ex-dividend date was 3/30/2023 when it declared a $1.65 quarterly dividend that was paid in cash on 4/17/2023. Previously, the company paid the dividend on 1/17/2023 with an ex-dividend date of 12/29/2022. The AVB stock dividend was $1.59 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for AVB in the last 3 months, the mean price target is $189.95 with high estimates of $282.00 and low estimates of $165.00. In terms of 52-week highs and lows, AVB has a high of $238.62 and a low of $153.07.

As of this writing, AVB has an earnings estimate of $1.17 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $1.56 per share and a lower estimate of $1.08. The company reported an EPS of $1.72 in the last quarter, which was 13.20% higher than expectations of $1.52.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. AVB’s latest balance sheet shows that the firm has $420.25M in Cash & Short Term Investments as of fiscal 2021. There were $8.10B in debt and $0.00 in liabilities at the time. Its Book Value Per Share was $80.55, while its Total Shareholder’s Equity was $10.94B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 23 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for AVB is Sell with a score of 3.11. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 15 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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