Key Details
Price
$233.59Last Dividend
$1.70Annual ROE
8.06%Beta
0.53Events Calendar
Next earnings date:
Jan 31, 2025Recent quarterly earnings:
Nov 04, 2024Recent annual earnings:
Jan 31, 2024Next ex-dividend date:
Dec 31, 2024Recent ex-dividend date:
Sept 30, 2024Next split:
N/ARecent split:
Jan 07, 2013Analyst ratings
Recent major analysts updates
Screeners with AVB included
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
AVB is expected to benefit from strong demand for high-quality properties in top markets while diversifying its portfolio. However, the large number of rental units available is a worry.
We are keeping our hold recommendation for AvalonBay. Our estimated fair value for the stock is between $210.36 and $219.73, and it has a potential total return of 5.26%, slightly higher than the 5.17% from their fixed-income option. However, we believe the 9 basis points premium for the equity is not enough, and we see indications that the apartment REIT sector might be overvalued when comparing its dividend yield to that of single-A corporate bonds.
Smart investors should pay more attention to this stock. It has potential that might be worth exploring.
AVB's results for the third quarter show an increase in revenue from the same residential properties and a growth in the average monthly income for each occupied home.
While AvalonBay's (AVB) revenue and earnings per share (EPS) provide insight into its performance for the quarter ending September 2024, it could be helpful to look at how these important figures stack up against Wall Street predictions and last year's results.
AvalonBay Communities (AVB) reported quarterly funds from operations (FFO) of $2.74 per share, which is higher than the Zacks Consensus Estimate of $2.71 per share. This is an increase compared to last year's FFO of $2.66 per share.
AvalonBay's results for the third quarter are expected to reflect the advantages of its varied portfolio and technology efforts.
REIT investors need to keep a close eye on real estate trends. The office market is currently in a difficult situation and may stay that way for a while. Although the multifamily sector is facing some challenges right now, things could improve significantly by 2025.
AVALONBAY COMMUNITIES, INC. (NYSE: AVB) will announce its earnings for the third quarter of 2024 on November 4, 2024, after the market closes. A conference call to discuss these results will take place on November 5, 2024, at 11:00 AM Eastern Time. For those who want to listen in, the domestic call number is (877) 407-9716 and the international number is (201) 493-6779, with a webcast available at https://investors.avalonbay.com.
AvalonBay has valuable high-quality properties that benefit from positive demographic trends. However, they are facing challenges due to a large supply and a slowdown in rent increases.
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