AvalonBay Communities, Inc. (AVB)
Stock Price:
$150.97 USD
0.04 (0.03%)
Updated Aug 6, 2020 4:02 PM EDT - Market closed
Key Info
| Market Cap |
21.25B |
| Revenue (ttm) |
2.36B |
| Net Income (ttm) |
786.13M |
| Shares Out |
140.73M |
| EPS (ttm) |
5.61 |
| PE Ratio |
26.91 |
| Forward PE |
30.96 |
| Dividend |
$6.36 |
| Dividend Yield |
4.21% |
Stock Quote
| Trading Day |
Aug 6, 2020 |
| Last Price |
$150.97 |
| Previous Close |
$150.93 |
| Change ($) |
0.04 |
| Change (%) |
0.03% |
| Day's Open |
149.75 |
| Day's Range |
149.75 - 151.85 |
| Day's Volume |
584,351 |
| 52-Week Range |
118.17 - 229.40 |
More Stats
| Market Cap |
21.25B |
| Enterprise Value |
28.64B |
| Earnings Date (est) |
Nov 2, 2020 |
| Ex-Dividend Date |
Jun 29, 2020 |
| Shares Outstanding |
140.73M |
| Float |
139.95M |
| EPS (basic) |
5.6 |
| EPS (diluted) |
5.61 |
| FCF / Share |
0.10 |
| Dividend |
$6.36 |
| Dividend Yield |
4.21% |
| Earnings Yield |
3.72% |
| FCF Yield |
0.07% |
| Payout Ratio |
111.10% |
| Shares Short |
2.58M |
| Short Ratio |
2.28 |
| Short % of Float |
2.49% |
| Beta |
0.83 |
| PE Ratio |
26.91 |
| Forward PE |
30.96 |
| P/FCF Ratio |
1,470.42 |
| PS Ratio |
8.98 |
| PB Ratio |
1.98 |
| Revenue |
2.36B |
| Operating Income |
818.33M |
| Net Income |
786.13M |
| Free Cash Flow |
14.45M |
| Net Cash |
-7.40B |
| Net Cash / Share |
-52.57 |
| Gross Margin |
65.94% |
| Operating Margin |
34.61% |
| Profit Margin |
33.30% |
| FCF Margin |
0.61% |
| ROA |
2.68% |
| ROE |
7.27% |
| ROIC |
3.80% |
Stats based on trailing-twelve-month (ttm) numbers.
Analyst Summary
Analyst Ratings (20)
| Buy |
8 |
| Overweight |
1 |
| Hold |
10 |
| Underweight |
0 |
| Sell |
1 |
Analyst Consensus: Overweight
Price Target
$170.76*
(13.11% upside)
Low
140
Current: $150.97
High
206
Target: 170.76
*Average 12-month price target from 17 stock analysts.
Financial Performance
Financial numbers in millions USD.
Financial Overview
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Revenue | 2,325 | 2,285 | 2,159 | 2,045 | 1,856 | 1,685 | 1,463 | 1,001 | 900 | 843 |
| Revenue Growth | 1.75% | 5.83% | 5.54% | 10.2% | 10.15% | 15.18% | 46.2% | 11.17% | 6.79% | - |
| Gross Profit | 1,557 | 1,518 | 1,436 | 1,362 | 1,214 | 1,096 | 952 | 644 | 564 | 509 |
| Operating Income | 832 | 823 | 789 | 779 | 697 | 615 | 307 | 353 | 305 | 261 |
| Net Income | 786 | 975 | 877 | 1,034 | 742 | 684 | 353 | 424 | 442 | 175 |
| Shares Outstanding | 140 | 138 | 138 | 137 | 137 | 132 | 129 | 97.71 | 95.08 | 85.28 |
| Earnings Per Share | 5.63 | 7.05 | 6.35 | 7.52 | 5.51 | 5.21 | 2.78 | 4.32 | 4.87 | 2.07 |
| EPS Growth | -20.14% | 11.02% | -15.56% | 36.48% | 5.76% | 87.41% | -35.65% | -11.29% | 135.27% | - |
| Dividend Per Share | 6.08 | 5.88 | 5.68 | 5.40 | 5.00 | 4.64 | 4.28 | 3.88 | 3.57 | 3.57 |
| Dividend Growth | 3.4% | 3.52% | 5.19% | 8% | 7.76% | 8.41% | 10.31% | 8.68% | 0% | - |
| Operating Cash Flow | 1,322 | 1,301 | 1,256 | 1,160 | 1,075 | 887 | 724 | 541 | 429 | 332 |
| Capital Expenditures | -1,613 | -1,566 | -1,516 | -1,667 | -1,625 | -1,342 | -2,152 | -938 | -737 | -447 |
| Free Cash Flow | -292 | -264 | -260 | -507 | -551 | -455 | -1,427 | -397 | -308 | -115 |
| Cash & Equivalents | 128 | 218 | 202 | 330 | 505 | 605 | 380 | 2,784 | 690 | 478 |
| Total Debt | 7,437 | 7,040 | 7,329 | 7,031 | 6,457 | 6,490 | 6,134 | 3,851 | 3,599 | 3,973 |
| Net Cash / Debt | -7,309 | -6,822 | -7,128 | -6,701 | -5,952 | -5,885 | -5,754 | -1,067 | -2,909 | -3,495 |
| Assets | 19,121 | 18,380 | 18,415 | 17,867 | 16,931 | 16,141 | 15,328 | 11,160 | 8,482 | 7,821 |
| Liabilities | 8,128 | 7,744 | 8,021 | 7,688 | 7,081 | 7,081 | 6,711 | 4,312 | 4,073 | 4,492 |
| Book Value | 10,990 | 10,633 | 10,388 | 10,171 | 9,841 | 9,046 | 8,596 | 6,837 | 4,395 | 3,311 |
Numbers in millions USD, except per-share numbers.
Company Details
| Full Name |
AvalonBay Communities, Inc. |
| Country |
United States |
| Employees |
3,122 |
| CEO |
Timothy J. Naughton |
Stock Information
| Ticker Symbol |
AVB |
| Stock Exchange |
New York Stock Exchange |
| Sector |
Real Estate |
| Industry |
REIT—Residential |
| Unique Identifier |
NYSE: AVB |
| IPO Date |
March 10, 1994 |
Description
As of June 30, 2020, the Company owned or held a direct or indirect ownership interest in 295 apartment communities containing 86,380 apartment homes in 11 states and the District of Columbia, of which 19 communities were under development. 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).