AvalonBay Communities, Inc. is set to release its latest quarterly earnings on Tuesday, April 28th, with a consensus estimate EPS of 1.27.
AvalonBay Communities, Inc. displayed strong performance in the current trading session, with a price of $179.97, marking a price change of $5.69 (3.26%) from the previous close. The trading volume stood at $279,121, representing a 26.41% increase relative to the average.
In the previous quarterly earnings report on Tuesday, February 3rd, AvalonBay Communities, Inc. reported a consensus estimate EPS of 2.84.
The company offers a forward dividend yield of 3.96% and a dividend per share MRQ of $1.78. The dividend per share year-over-year saw an increase of 2.9412 cents.
Barclays issued an "Overweight" grade for AvalonBay Communities, Inc., maintaining its previous assessment with a price of $172.38.
AvalonBay Communities, Inc. reported a net change in cash of $31.19 million, ending the period with $353 million in cash.
The company achieved a net income of $165.99 million, resulting in an EPS of $1.17. The gross profit stood at $523.94 million, with operating income at $228.10 million.
Key ratios for AvalonBay Communities, Inc. include a net profit margin of 21.62%, return on assets of 0.75, and a price to earnings ratio of 38.46.
The company's total assets amount to $22.19 billion, with total liabilities at $10.36 billion and net debt at $9.14 billion.
This comprehensive financial report highlights AvalonBay Communities, Inc.'s positive price movement, strong earnings expectations, and solid financial metrics across various aspects of its operations.
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).