AvalonBay Communities Inc (NYSE:AVB) had declared a cash dividend of $0.0100 on Sep 12, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Sep 12, 2016 share price, the yield comes out to be 0.0232%. The dividend payable date has been fixed on Oct 17, 2016.
In a different note, On Sep 6, 2016, Sandler O’Neill said it Upgrades its rating on AvalonBay Communities Inc. The shares have been rated ‘Buy’ by the firm. BTIG Research said it Initiates Coverage on AvalonBay Communities Inc, according to a research note issued on Aug 25, 2016. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Deutsche Bank said it Maintains its rating on AvalonBay Communities Inc. In the research note, the firm Lowers the price-target to $194.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 10, 2016, Jefferies said it Maintains its rating on AvalonBay Communities Inc. In the research note, the firm Raises the price-target to $186.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 15, 2016, Evercore Partners said it Downgrades its rating on AvalonBay Communities Inc. The shares have been rated ‘Hold’ by the firm. On Jul 15, 2016, KeyBanc said it Downgrades its rating on AvalonBay Communities Inc.
AvalonBay Communities Inc (AVB) made into the market gainers list on Tuesdays trading session with the shares advancing 0.42% or 0.74 points. Due to strong positive momentum, the stock ended at $176.15, which is also near the day’s high of $176.55. The stock began the session at $176.36 and the volume stood at 5,26,748 shares. The 52-week high of the shares is $192.29 and the 52 week low is $160.66. The company has a current market capitalization of $24,188 M and it has 13,73,13,560 shares in outstanding.
AvalonBay Communities Inc(AVB) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $502.31M. Analysts had an estimated revenue of $500.25M. Earnings per share were $2.03. Analysts had estimated an EPS of $2.08.
Several Insider Transactions has been reported to the SEC. On Aug 11, 2016, Sean J. Breslin (Chief Operating Officer) sold 1,000 shares at $185.71 per share price.Also, On Aug 9, 2016, Matthew H. Birenbaum (Chief Investment Officer) sold 6,984 shares at $185.00 per share price.On May 12, 2016, William M Mclaughlin (Executive Vice President) sold 10,000 shares at $190.93 per share price, according to the Form-4 filing with the securities and exchange commission.
AvalonBay Communities Inc. is a real estate investment trust (REIT). The Company develops redevelops acquires owns and operates multifamily communities primarily in New England the New York/New Jersey metro area the Mid-Atlantic the Pacific Northwest and Northern and Southern California. It focuses on metropolitan areas in these regions. The Company operates in three segments: Established Communities Other Stabilized Communities and Development/Redevelopment Communities. It owns an ownership interest in around 252 operating apartment communities containing 74240 apartment homes in 11 states and the District of Columbia of which around 228 communities contain around 66631 apartment homes; two communities containing over 618 apartment homes were held by joint ventures in which it holds an ownership interest and approximately 22 communities contain around 6991 apartment homes. It operates apartment communities under three core brands: Avalon AVA and Eaves by Avalon.