AvalonBay Communities, Inc. (AVB)

Market Cap	24.39B
Revenue (ttm)	2.70B
Net Income (ttm)	1.25B
Shares Out	142.02M
EPS (ttm)	8.89
PE Ratio	19.32
Forward PE	32.60
Dividend	$6.60 (3.84%)
Ex-Dividend Date	Sep 28, 2023

Volume	630,618
Open	173.50
Previous Close	171.29
Day's Range	169.92 - 174.50
52-Week Range	153.07 - 198.66
Beta	0.94
Analysts	Buy
Price Target	194.95 (+13.52%)
Earnings Date	Oct 25, 2023

About AVB

As of June 30, 2023, the Company owned or held a direct or indirect ownership interest in 294 apartment communities containing 88,659 apartment homes in 12 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 Souther...

• Industry: REIT - Residential
• Sector: Real Estate
• IPO Date: Mar 10, 1994
• Employees: 2,947
• Stock Exchange: NYSE
• Ticker Symbol: AVB

Financial Performance

In 2022, AVB's revenue was $2.59 billion, an increase of 13.01% compared to the previous year's $2.29 billion. Earnings were $1.14 billion, an increase of 13.19%.

Analyst Forecast

According to 19 analysts, the average rating for AVB stock is "Buy." The 12-month stock price forecast is $194.95, which is an increase of 13.52% from the latest price.

Price Target

$194.95

(13.52% upside)

Analyst Consensus: Buy