AvalonBay Communities, Inc. (AVB)

Last Closing Price: 198.05 (2024-05-16)

Company Description

AvalonBay Communities, Inc. is a real estate investment trust primarily focusing on developing, redeveloping, acquisition, ownership and operations of multi-family apartment communities for higher-income clients in high barrier-to-entry regions of the United States, which generally command the highest rents in the markets. These markets include New England, the New York/New Jersey metro area, Mid-Atlantic, Pacific Northwest, and Northern and Southern California. The company is also tracking opportunities in the newly expanded markets of Raleigh-Durham and Charlotte, NC; Southeast Florida; Dallas and Austin, TX, and Denver, CO. The company focuses on metropolitan areas historically experiencing rising employment in high-wage sectors of the economy, along with high home ownership costs and a vibrant quality of life.

Financials, Fundamental Metrics & Ratios
Revenue (Most Recent Fiscal Year) $2.77B
Net Income (Most Recent Fiscal Year) $928.83M
PE Ratio (Current Year Earnings Estimate) 18.25
PE Ratio (Trailing 12 Months) 18.44
PEG Ratio (Long Term Growth Estimate) 2.78
Price to Sales Ratio (Trailing 12 Months) 10.06
Price to Book Ratio (Most Recent Quarterly Book Value per Share) 2.41
Price to Cash Ratio (Most Recent Annual Cash Flow per Share) 15.78
Pre-Tax Margin (Trailing 12 Months) 34.28%
Net Margin (Trailing 12 Months) 34.05%
Return on Equity (Trailing 12 Months) 8.12%
Return on Assets (Trailing 12 Months) 4.61%
Current Ratio (Most Recent Fiscal Quarter) 1.07
Quick Ratio (Most Recent Fiscal Quarter) 1.07
Debt to Common Equity (Most Recent Fiscal Quarter) 0.68
Inventory Turnover (Trailing 12 Months) --
Book Value per Share (Most Recent Fiscal Quarter) $82.39
Earnings per Share (Most Recent Fiscal Quarter) $2.70
Earnings per Share (Most Recent Fiscal Year) $10.63
Diluted Earnings per Share (Trailing 12 Months) $6.72
Stock
Exchange NYSE
Sector Real Estate
Industry REIT - Residential
Common Shares Outstanding 142.19M
Free Float 141.59M
Market Capitalization $28.22B
Average Volume (Last 20 Days) 0.65M
Beta (Past 60 Months) 0.90
Percentage Held By Insiders (Latest Annual Proxy Report) 0.42%
Percentage Held By Institutions (Latest 13F Reports) 92.61%
Annual Dividend (Based on Last Quarter) $6.80
Dividend Yield (Based on Last Quarter) 3.43%