AvalonBay Communities Inc. (AVB): Find Out What Insiders Are Doing

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AvalonBay Communities Inc. (NYSE:AVB) traded with an addition of $0.24 to close at $161.32 on Thursday, an upside of 0.15 percent. An average of 470,616 shares of common stock have been traded in the last five days. There was a fall of -$1.14 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 746,129 shares traded, while the 50-day average volume stands at 871,560.

AVB stock has decreased by -4.16% in the last month. The company shares reached their 1-month lowest point of $159.49 on 12/22/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $158.35 and a high of $259.05 in 52 weeks. It has reached a new high 3 times so far this year and lost -36.23% or -$91.36 in price. In spite of this, the price is down -37.73% from the 52-week high.


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Valuation Metrics

AvalonBay Communities Inc. (AVB) has a trailing price-to-earnings (P/E) ratio of 18.35. The stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 8.86, the price-to-book (PB) ratio at 2.01, and the price-to-cash flow ratio at 42.57.

The company has a payout ratio of 76.90%. The company’s most recent quarterly dividend payment was $1.59 a share, without any change from last year. Its latest increase dividend $1.58 reported on Thursday November 18 2021.

Financial Health

Further, the company has a long term debt to equity ratio of 0.72 and a total debt to equity ratio of 0.72 for the quarter ending September 29. Its gross profit as reported stood at $371.27 million compared to revenue of $2.29 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, AvalonBay Communities Inc.’s return on assets was 5.80%.

Earnings Surprise

For the three-month period that ended September 29, AvalonBay Communities Inc. had $713.61 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $494.75 million in the quarter, while revenues of $138.69 million were grew 84.05%. The analyst consensus anticipated AvalonBay Communities Inc.’s latest quarter earnings to come in at $1.26 per share, but it turned out to be $3.53, a 180.20% surprise. For the quarter, EBITDA amounted to $356.41 million. At the end of the quarter ending September 29, AvalonBay Communities Inc.’s stock balance sheet showed total debt was $8.18 billion. Shareholders own equity worth $139.9 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at AvalonBay Communities Inc. (AVB) price momentum. RSI 9-day as of the close on 28 December was 33.95%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.76%.

As of today, AVB’s price is $162.00 -0.70% or -$1.14 from its 5-day moving average. AVB is currently trading -7.82% lower than its 20-day SMA and -21.90% lower than its 100-day SMA. However, the stock’s current price level is -9.30% below the SMA50 and -32.88% below the SMA200.

The stochastic %K and %D were 12.82% and 16.39%, respectively, and the average true range (ATR) was 3.53. With the 14-day stochastic at 10.07% and the average true range at 3.81, the RSI (14) stands at 38.05%. The stock has reached -0.61 on the 9-day MACD Oscillator while the 14-day reading was at -3.74.

Analyst Ratings

JP Morgan downgraded AvalonBay Communities Inc. (NYSE: AVB) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for AvalonBay Communities Inc. (AVB) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell AVB, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is AVB’s price target for the next 12 months?

Analysts predict a range of price targets between $160.00 and $282.00, with a median target of $187.00. Taking a look at these predictions, the average price target given by analysts for AvalonBay Communities Inc. (AVB) stock is $193.23.

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