AvalonBay Communities, Inc.

AVB

US0534841012

Residential REITs

Market Closed - Nyse Other stock markets 21:00:02 08/05/2024 BST			5-day change	1st Jan Change
194.9 ^USD	-0.51%		+3.71%	+4.10%

05-02	Morgan Stanley Adjusts Price Target on AvalonBay Communities to $203 From $191.50	MT
04-30	Argus Adjusts AvalonBay Communities' Price Target to $212 From $188	MT

AvalonBay Communities, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024

April 26, 2024 at 11:37 am

AvalonBay Communities, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 711.06 million compared to USD 673.64 million a year ago. Revenue was USD 712.86 million compared to USD 674.71 million a year ago.

Net income was USD 173.45 million compared to USD 146.9 million a year ago. Basic earnings per share from continuing operations was USD 1.22 compared to USD 1.05 a year ago. Diluted earnings per share from continuing operations was USD 1.22 compared to USD 1.05 a year ago.

Latest news about AvalonBay Communities, Inc.

Morgan Stanley Adjusts Price Target on AvalonBay Communities to $203 From $191.50	05-02	MT
Argus Adjusts AvalonBay Communities' Price Target to $212 From $188	04-30	MT
Barclays Adjusts Price Target on AvalonBay Communities to $218 From $204, Maintains Overweight Rating	04-29	MT
RBC Adjusts AvalonBay Communities' Price Target to $196 From $191, Keeps Sector Perform Rating	04-29	MT
Piper Sandler Adjusts AvalonBay Communities Price Target to $230 From $207	04-29	MT
Wedbush Adjusts Price Target on AvalonBay Communities to $200 From $187	04-29	MT
Barclays Adjusts Price Target on AvalonBay Communities to $218 From $204,	04-29	MT
Transcript : AvalonBay Communities, Inc., Q1 2024 Earnings Call, Apr 26, 2024	04-26
AvalonBay Communities, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	04-26	CI
Avalonbay Communities, Inc. Provides Earnings Guidance for the Second Quarter and Full Year of 2024	04-26	CI
AvalonBay FFO forecast feels the squeeze as some rental markets remain tepid	04-25	RE
AvalonBay Communities Q1 Core FFO Rises; Q2, 2024 Outlook Set	04-25	MT
RBC Raises Price Target on AvalonBay Communities to $191 From $185, Keeps Sector Perform Rating	04-10	MT
ANALYST RECOMMENDATIONS : Block, Chubb, Doordash, Coinbase, Lloyds...	04-04
Truist Securities Cuts Price Target on AvalonBay Communities to $201 From $203, Maintains Hold Rating	03-14	MT
Avalonbay Communities Insider Sold Shares Worth $928,249, According to a Recent SEC Filing	03-12	MT
AvalonBay to Seek Acquisitions	03-04	CI
Transcript : AvalonBay Communities, Inc. Presents at Citi's 2024 Global Property CEO Conference, Mar-04-2024 11:00 AM	03-04
Mizuho Securities Cuts Price Target on AvalonBay Communities to $185 From $188, Maintains Neutral Rating	02-28	MT
North American Morning Briefing : Stock Futures -2-	02-27	DJ
How long will this bullish phase last?	02-26
Morgan Stanley Upgrades AvalonBay Communities to Overweight From Equalweight, Increases Price Target to $191.50 From $175	02-26	MT
ANALYST RECOMMENDATIONS : AbbVie, Doordash, Eli Lilly, Moderna, Hiscox...	02-26
China move leaves markets unfazed	02-20
Barclays Upgrades AvalonBay Communities to Overweight From Equalweight, Adjusts Price Target to $204 From $194	02-20	MT

Chart AvalonBay Communities, Inc.

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Company Profile

AvalonBay Communities, Inc. is a real estate investment trust specialized in the development, acquisition, ownership and operation of apartment communities in high barrier-to-entry markets of the United States. At the end of January 2024, the group owned 279 operating apartment communities containing 83 655 apartment homes, of which 19 communities with 6,539 apartment homes were under development.

Sector

Residential REITs

Calendar

16/05/2024 - Annual General Meeting

Related indices

S&P 500

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Ratings for AvalonBay Communities, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

A-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

194.9 USD

Average target price

202 USD

Spread / Average Target

+3.67%

Consensus

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Quarterly earnings - Rate of surprise

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Residential REITs