AvalonBay Communities, Inc. (NYSE:AVB) Announces Quarterly Dividend of $1.78

AvalonBay Communities, Inc. (NYSE:AVB) announced a quarterly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 30th will be paid a dividend of 1.78 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Tuesday, June 30th.

AvalonBay Communities has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 3 years. AvalonBay Communities has a payout ratio of 124.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect AvalonBay Communities to earn $11.71 per share next year, which means the company should continue to be able to cover its $7.12 annual dividend with an expected future payout ratio of 60.8%.

AvalonBay Communities Stock Performance

Shares of AvalonBay Communities stock opened at $186.89 on Wednesday. The company has a market cap of $26.00 billion, a PE ratio of 27.09, a price-to-earnings-growth ratio of 3.26 and a beta of 0.78. AvalonBay Communities has a 52 week low of $160.10 and a 52 week high of $209.86. The business has a 50 day moving average price of $178.59 and a 200-day moving average price of $177.52. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.80.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $2.33 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.47). The company had revenue of $770.28 million during the quarter, compared to analysts’ expectations of $768.80 million. AvalonBay Communities had a return on equity of 9.56% and a net margin of 37.21%.During the same period last year, the company earned $2.83 earnings per share. Equities analysts anticipate that AvalonBay Communities will post 11.31 earnings per share for the current fiscal year.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.