As of December 31, 2020, the Company owned or held a direct or indirect ownership interest in 291 apartment communities containing 86,025 apartment homes in 11 states and the District of Columbia, of which 18 communities were under development and one community was under redevelopment. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion markets consisting of Southeast Florida and Denver, Colorado (the "Expansion Markets").
IPO Year:
Exchange: NYSE
Website: avalonbay.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/11/2024 | $250.00 | Outperform | Exane BNP Paribas |
| 5/13/2024 | $202.00 | Outperform → In-line | Evercore ISI |
| 2/26/2024 | $175.00 → $191.50 | Equal-Weight → Overweight | Morgan Stanley |
| 2/22/2024 | $191.00 | Neutral | Goldman |
| 2/20/2024 | $194.00 → $204.00 | Equal Weight → Overweight | Barclays |
| 1/30/2024 | $206.00 | Buy | Deutsche Bank |
| 1/16/2024 | $202.00 → $203.00 | Buy → Hold | Truist |
| 1/5/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 1/2/2024 | Outperform → Peer Perform | Wolfe Research | |
| 11/29/2023 | $201.00 → $194.00 | Underweight → Neutral | JP Morgan |
AvalonBay Communities's (NYSE:AVB) short percent of float has fallen 13.79% since its last report. The company recently reported that it has 1.54 million shares sold short, which is 1.5% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.98 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short i
UBS analyst Brent Dilts maintains AvalonBay Communities (NYSE:AVB) with a Neutral and raises the price target from $210 to $228.
Foreign investment in U.S. homes has dropped to its lowest in 15 years, as per a fresh report by the National Association of Realtors. Low supply and high prices have scared many foreign investors away from U.S. real estate, marking the seventh consecutive yearly drop in sales for this cohort. The U.S. Home Market Slump: Unusually high inflation has pushed mortgage rates up, forcing many homeowners to stay in their current homes, bringing the supply of houses down significantly. In this context, people who might have been looking for a new home are incentivized to stick to their low mortgage rates instead of selling their home in exchange for a more expensive mortgage. The fall h
President Biden will unveil a new proposal in Nevada on Tuesday to cap rental costs nationwide, according to three people familiar with the matter, as he works to assuage Democratic concerns about the viability of his candidacy while the Republican convention gets underway.Biden's plan — which would need to be approved by Congress — calls for stripping a tax benefit from landlords who increase their tenants' rent more than 5 percent per year, the people said. The measure would only apply to landlords who own more than 50 units, which represents roughly half of all rental properties, the people said. It wouldn't cover units that have not yet been built, in an attempt to ensure that the policy
Providing a diverse range of perspectives from bullish to bearish, 15 analysts have published ratings on AvalonBay Communities (NYSE:AVB) in the last three months. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 9 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 2 0 0 2M Ago 0 2 5 0 0 3M Ago 1 2 1 0 0 Analysts have set 12-month price targets for AvalonBay Communities, revealing an average target of $210.33, a high estimate of $230.00, and a low estimate of $194.00. This upward trend is appare
Evercore ISI Group analyst Steve Sakwa maintains AvalonBay Communities (NYSE:AVB) with a In-Line and raises the price target from $205 to $207.
Wells Fargo analyst James Feldman maintains AvalonBay Communities (NYSE:AVB) with a Overweight and raises the price target from $210 to $222.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Morgan Stanley cut the price target for The Kroger Co. (NYSE:KR) from $58 to $57. Morgan Stanley analyst Simeon Gutman maintained an Equal-Weight rating. Kroger shares fell 0.1% to close at $50.21 on Friday. See how other analysts view this stock. JP Morgan raised the price target for Royal Caribbean Cruises Ltd. (NYSE:RCL) from $173 to $175. JP Morgan analyst Matthew Boss maintained an Overweight rating. Royal Caribbean Cruises shares rose 0.6% to close at $151.12 on Friday. See how other analysts
Truist Securities analyst Michael Lewis maintains AvalonBay Communities (NYSE:AVB) with a Hold and raises the price target from $207 to $213.
During the last three months, 14 analysts shared their evaluations of AvalonBay Communities (NYSE:AVB), revealing diverse outlooks from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 5 8 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 2 0 0 2M Ago 1 3 4 0 0 3M Ago 0 1 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $208.36, a high estimate of $230.00, and a low estimate of $194.00. This upwa
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AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the fourth quarter of 2024. The Common Stock dividend is $1.70 per share and is payable January 15, 2025, to all Common Stockholders of Record as of December 31, 2024. About AvalonBay Communities, Inc. AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and South
AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") announced that it has been named the Regional Sector Leader for Americas Residential in the 2024 GRESB Development Benchmark, earning a score of 96 out of 100. The annual GRESB Sector Leader Awards recognize real estate and infrastructure companies, funds, and assets that demonstrate outstanding leadership in sustainability. "As an avid developer, with meaningful sustainability targets, we incorporate environmental design standards into our new projects, which in turn supports the long-term operational efficiency and resilience of our portfolio," said Katie Rothenberg, Vice President of ESG. "We're pleased to see these efforts recogni
AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") reported Earnings per Share – diluted ("EPS"), Funds from Operations attributable to common stockholders - diluted ("FFO") per share and Core FFO per share (as defined in this release) for the three and nine months ended September 30, 2024 and 2023 as detailed below. Q3 2024 Q3 2023 % Change EPS $ 2.61 $ 1.21 115.7 % FFO per share (1) $ 2.88 $ 2.48 16.1 % Core FFO per share (1) $ 2.74 $ 2.66 3.0 % YTD 2024 YTD 2023 % Change EPS $ 5.62 $ 4.86 15.6 % FFO per
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") will release its third quarter 2024 earnings on November 4, 2024 after the market close. The Company will hold a conference call on November 5, 2024 at 11:00 AM Eastern Time (ET) to discuss its third quarter 2024 results. Live Conference Call Details Domestic: (877) 407-9716 International: (201) 493-6779 Webcast: https://investors.avalonbay.com Details for the Replay of the Conference Call Domestic: (844) 512-2921 International: (412) 317-6671 Replay Passcode: 13740500 Dates Available: Tuesday, November 5, 2024 at 4:00 PM ET through Thursday, December 5, 2024 The call will include pr
AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the third quarter of 2024. The Common Stock dividend is $1.70 per share and is payable October 15, 2024, to all Common Stockholders of Record as of September 30, 2024. About AvalonBay Communities, Inc. AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Souther
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") announced today that Benjamin W. Schall, the Company's CEO and President, and select members of the Company's management team will be participating in a roundtable discussion at Bank of America's Global Real Estate Conference on Tuesday, September 10, 2024, at 10:20 A.M. Eastern Time. During this event, management may discuss the Company's current operating environment and trends; development, redevelopment, disposition and acquisition activity; portfolio strategy and other business and financial matters affecting the Company. The roundtable discussion will be webcast live and can be accessed at investors.avalonbay.com. Following the
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") announced today that it has priced an underwritten public offering of 3,200,000 shares of common stock, all of which are being offered in connection with the forward sale agreements described below, for expected gross proceeds of approximately $710.4 million. Goldman Sachs & Co. LLC, BofA Securities, Deutsche Bank Securities Inc. and Morgan Stanley are acting as joint book-running managers for the offering. The Company has entered into forward sale agreements with Goldman Sachs & Co. LLC, Bank of America, N.A., Deutsche Bank AG, London Branch and Morgan Stanley & Co. LLC or their affiliates (the "forward purchasers") with respect to
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") announced today that it is commencing an underwritten public offering of 3,200,000 shares of common stock in connection with the forward sale agreements described below. Goldman Sachs & Co. LLC, BofA Securities, Deutsche Bank Securities Inc. and Morgan Stanley are acting as joint book-running managers for the offering. In connection with the offering, the Company intends to grant the underwriters a 30-day option to purchase up to an additional 480,000 shares of common stock. The Company expects to enter into forward sale agreements with Goldman Sachs & Co. LLC, Bank of America, N.A., Deutsche Bank Securities Inc. and Morgan Stanley &
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") today provided an update on certain third quarter Same Store Residential operating metrics. The Same Store Residential operating metrics presented in the following tables were generally consistent with the Company's expectations for these metrics for the two months ended August 31, 2024 when the Company published its updated outlook for full year 2024 Same Store Residential revenue growth on July 31, 2024. Economic Occupancy 2024 Q2 July August Total 96.0 % 95.5 % 95.6 % Like-Term Effective Rent Change 2024
AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") reported Earnings per Share – diluted ("EPS"), Funds from Operations attributable to common stockholders - diluted ("FFO") per share and Core FFO per share (as defined in this release) for the three and six months ended June 30, 2024 and 2023 as detailed below. Q2 2024 Q2 2023 % Change EPS $ 1.78 $ 2.59 (31.3 )% FFO per share (1) $ 2.75 $ 2.67 3.0 % Core FFO per share (1) $ 2.77 $ 2.66 4.1 %
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Exane BNP Paribas initiated coverage of AvalonBay with a rating of Outperform and set a new price target of $250.00
Evercore ISI downgraded AvalonBay from Outperform to In-line and set a new price target of $202.00
Morgan Stanley upgraded AvalonBay from Equal-Weight to Overweight and set a new price target of $191.50 from $175.00 previously
Goldman resumed coverage of AvalonBay with a rating of Neutral and set a new price target of $191.00
Barclays upgraded AvalonBay from Equal Weight to Overweight and set a new price target of $204.00 from $194.00 previously
Deutsche Bank initiated coverage of AvalonBay with a rating of Buy and set a new price target of $206.00
Truist downgraded AvalonBay from Buy to Hold and set a new price target of $203.00 from $202.00 previously
KeyBanc Capital Markets downgraded AvalonBay from Overweight to Sector Weight
Wolfe Research downgraded AvalonBay from Outperform to Peer Perform
JP Morgan upgraded AvalonBay from Underweight to Neutral and set a new price target of $194.00 from $201.00 previously
AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the fourth quarter of 2024. The Common Stock dividend is $1.70 per share and is payable January 15, 2025, to all Common Stockholders of Record as of December 31, 2024. About AvalonBay Communities, Inc. AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and South
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") will release its third quarter 2024 earnings on November 4, 2024 after the market close. The Company will hold a conference call on November 5, 2024 at 11:00 AM Eastern Time (ET) to discuss its third quarter 2024 results. Live Conference Call Details Domestic: (877) 407-9716 International: (201) 493-6779 Webcast: https://investors.avalonbay.com Details for the Replay of the Conference Call Domestic: (844) 512-2921 International: (412) 317-6671 Replay Passcode: 13740500 Dates Available: Tuesday, November 5, 2024 at 4:00 PM ET through Thursday, December 5, 2024 The call will include pr
AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the third quarter of 2024. The Common Stock dividend is $1.70 per share and is payable October 15, 2024, to all Common Stockholders of Record as of September 30, 2024. About AvalonBay Communities, Inc. AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Souther
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") will release its second quarter 2024 earnings on July 31, 2024 after the market close. The Company will hold a conference call on August 1, 2024 at 1:00 PM Eastern Time (ET) to discuss its second quarter 2024 results. Live Conference Call Details Domestic: (877) 407-9716 International: (201) 493-6779 Webcast: https://investors.avalonbay.com Details for the Replay of the Conference Call Domestic: (844) 512-2921 International: (412) 317-6671 Replay Passcode: 13740498 Dates Available: Thursday, August 1, 2024 at 6:00 PM ET through Sunday, September 1, 2024
AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the second quarter of 2024. The Common Stock dividend is $1.70 per share and is payable July 15, 2024, to all Common Stockholders of Record as of June 28, 2024. About AvalonBay Communities, Inc. As of March 31, 2024, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,673 apartment homes in 12 states and the District of Columbia, of which 17 communities were under development. The Company is an equity REIT in the business of developing, redevelopin
AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") reported Earnings per Share – diluted ("EPS"), Funds from Operations attributable to common stockholders - diluted ("FFO") per share and Core FFO per share (as defined in this release) for the three months ended March 31, 2024 and 2023 as detailed below. Q1 2024 Q1 2023 % Change EPS $ 1.22 $ 1.05 16.2 % FFO per share (1) $ 2.73 $ 2.54 7.5 % Core FFO per share (1) $ 2.70 $ 2.57 5.1 %
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") will release its first quarter 2024 earnings on April 25, 2024 after the market close. The Company will hold a conference call on April 26, 2024 at 11:00 AM Eastern Time (ET) to discuss its first quarter 2024 results. Live Conference Call Details Domestic: (877) 407-9716 International: (201) 493-6779 Webcast: https://investors.avalonbay.com Details for the Replay of the Conference Call Domestic: (844) 512-2921 International: (412) 317-6671 Replay Passcode: 13740497 Dates Available: Friday, April 26, 2024 at 4:00 PM ET through Sunday, May 26, 2024 The ca
AvalonBay Communities, Inc. (the "Company") (NYSE:AVB) announced today the final income allocations of the Company's 2023 dividend distributions on its Common Stock. The final dividend allocations as they will be reported on Form 1099-DIV are set forth in the following table: Common Shares (CUSIP #053484101) Declaration Date Record Date Payment Date Distribution Per Share Ordinary Taxable Dividend (1) Qualified Dividend Return of Capital Long-Term Capital Gain (2)(3) Unrecap. Section 1250 Gain (2) 02/08/23 03/31/23 04/17/23 $ 1.65000 $ 1.26254
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") will release its fourth quarter 2023 earnings on January 31, 2024 after the market close. The Company will hold a conference call on February 1, 2024 at 1:00 PM Eastern Time (ET) to discuss its fourth quarter 2023 results. Live Conference Call Details Domestic: (877) 407-9716 International: (201) 493-6779 Webcast: https://investors.avalonbay.com Details for the Replay of the Conference Call Domestic: (844) 512-2921 International: (412) 317-6671 Replay Passcode: 13740496 Dates Available: Thursday, February 1, 2024 at 4:00 PM ET through Friday, March 1, 2024
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") announced today that it will host an Investor Day on Tuesday, November 28, 2023, in Washington, D.C. In-person attendance is by invitation only to institutional investors and analysts, and a live webcast will be provided. The agenda for the Investor Day will include presentations by Benjamin Schall, Chief Executive Officer and President; Kevin O'Shea, Chief Financial Officer; Matt Birenbaum, Chief Investment Officer; Sean Breslin, Chief Operating Officer; and other members of the Company's management team. Speakers will present on the Company's current operating environment; near- and long-term strategies and growth initiatives; const
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") announced today that Pamela R. Thomas will join AvalonBay as Executive Vice President, Portfolio and Asset Management. In this newly created position, Ms. Thomas will lead the Company's portfolio and asset management organization; determine and gain alignment within the organization on key priorities for driving portfolio performance; and set capital plans across the portfolio to achieve performance objectives. "As we continue to optimize our portfolio to deliver superior growth, this is the right time to expand our executive team to provide focused leadership on portfolio and asset management and an additional voice on strategic plan
AvalonBay Communities, Inc. (the "Company") (NYSE:AVB) announced today the naming of Alaine Walsh as Executive Vice President – Human Capital and Administration and the retirement and associated succession plans for two long-tenured finance officers. The Company announced that Alaine Walsh, currently the Company's Senior Vice President – Operations and Investment Services, has been promoted to Executive Vice President – Human Capital and Administration. Ms. Walsh joined AvalonBay in 1998 in the finance group and has served in a variety of financial, administrative, and operational leadership positions. Ms. Walsh will continue to report directly to Benjamin Schall, President and CEO, and w
Appointment of Charles "Chaz" E. Mueller, Jr. and Retirement of Alan B. Buckelew AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") announced today that Chaz Mueller has been appointed to the Board of Directors effective November 1, 2022. Mr. Mueller will serve as an independent director of the Company. Mr. Mueller has experience with some of the most successful companies engaged in the development, acquisition, operation, and financing of residential rental real estate. His leadership experience includes serving as Chief Executive Officer of Progress Residential, President of Irvine Apartment Communities, and President, Chief Operating Officer, and Chief Financial Officer of Archston
AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") announced today that Benjamin W. Schall, the Company's current President and a director, has been appointed to the additional role of Chief Executive Officer effective January 3, 2022, reporting directly to the Board. Concurrently, Timothy J. Naughton, the Company's current Chairman of the Board and Chief Executive Officer, will retire as the Company's Chief Executive Officer and assume the role of Executive Chairman of the Board. These appointments are consistent with the expectations previously announced by the Company in December 2020 as part of its leadership succession plan. "During the past year, Ben has proven to be a wonderful
ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) announced today that H. Jay Sarles, who has been a director of the Company since 2005, will retire from the Board at the end of his current term in May 2021. During his tenure on the Board, Mr. Sarles has, at various times, served as the Lead Independent Director and as the Chair of the Nominating and Corporate Governance and Audit Committees of the Board. The Board has nominated all current directors other than Mr. Sarles for re-election at the 2021 Annual Meeting of Stockholders. The Board also announced that it has nominated for election, at the Company’s May 20, 2021 Annual Meeting of Stockholders, Chris
ARLINGTON, Va.--(BUSINESS WIRE)--AVALONBAY COMMUNITIES, INC. (NYSE: AVB) announced today that Benjamin W. Schall has been appointed President of the Company and will join the Company’s Board of Directors, effective as of a mutually agreeable date on or before February 1, 2021. Additionally, the Company also announced that Timothy J. Naughton, the Company’s Chairman, Chief Executive Officer and President, plans to retire as Chief Executive Officer (CEO) at the end of 2021 and that at such time Mr. Schall will be appointed as CEO and Mr. Naughton will remain on the Board in the position of Executive Chair. Mr. Schall is currently the Chief Executive Officer and President and a truste