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To attract affluent professionals with a mobile lifestyle, architects and developers are adding high-tech communal work spaces and flex rooms to their designs.
3 Healthy Yields of Up to 7.3% in Housing’s Sweet Spot
In May 2017, 11 of 23 analysts covering AVB stock issued “buy” or “strong buy” ratings.
Currently, AvalonBay Communities is offering a next-12-month (or NTM) dividend yield of 3%, which is in line with its close competitors.
AvalonBay has been able to maintain a low debt-to-equity ratio in the last five years. The company reported a debt-to-equity ratio of ~1.5x in 1Q17.
During 2016, AvalonBay Communities (AVB) repurchased 57,172 shares worth $0.6 million.
Buy Or Rent? For Millennials, There's A Third (And Better) Option
During 1Q17, AvalonBay Communities (AVB) had completed the development of projects worth $650 million at an initially projected yield of 5.6%.
According to the University of Michigan, the consumer sentiment index for May 2017 gained 2.5% year-over-year, standing at 97.1%.
According to President Trump’s proposed budget for fiscal 2018, the administration is expected to slash $6 million from the U.S. Department of Housing and Urban Development budget, decreasing its funding by 13.2% to $40.7 billion.
There is wide anticipation in the market that the Federal Reserve could raise interest rates again during its upcoming meeting on June 14, 2017.
According to NHAB’s Housing Economics survey, housing starts are expected to rise 6.2% in 2017 and ~6.3% in 2018, backed by respective 9.6% and ~11.8% gains in single-family home sales.
AvalonBay's 1Q17 revenues came in at ~$522.3 million and surpassed estimates by 0.3%.
Apartment owner AvalonBay Communities (AVB) reported 1Q17 earnings per share of $1.72 on April 27, 2017, beating its consensus estimate by nearly 58%. AVB stock rallied after the earnings conference call.
Invesco Global Real Estate Income Fund A (ASRAX) May Summary
AMT maintains non-cancellable long-term leases with an initial term of ten years. Almost 50% of the company’s leases have a renewal date of 2022 or beyond.
Apartment REITs: A Deep Dive Into Supply/Demand Forecasting
General Growth Properties (GGP) has been paying dividends to its shareholders consistently in every quarter since it raised its dividend 11.1% during 4Q16 to $0.22.
Analysts gave EQR a mean price target of $65.30, implying a 0.2% fall from its current level of $65.41.
Equity Residential's (EQR) current price-to-FFO multiple is ~21.0x.
Hach Rose Schirripa & Cheverie, LLP Obtains Conditional Class Certification in Lawsuit Against AvalonBay Communities, Inc. For Violations of Fair Labor Standards Act and New York Labor Law Dating Back to October 2009
AvalonBay Communities, Inc. Provides Second Quarter 2017 Operating Update
AvalonBay Communities, Inc. Declares Second Quarter 2017 Dividends
AvalonBay Logs 10,000 Safety Training Hours During 2017 Construction Safety Week
Post Earnings Coverage as AvalonBay's Quarterly Revenue Grew 2.7%; Core FFO up 6.1%
AvalonBay Employees Give Back to Communities in 6th Annual Spirit of Caring Month
20th JVS Strictly Business L.A. Honors Corporate Leadership in Transitioning Angelenos From Poverty to Employment
AvalonBay Communities, Inc. Announces First Quarter 2017 Operating Results
Research Reports Coverage on REIT Stocks -- Two Harbors Investment, New York Mortgage Trust, Monogram Residential, and AvalonBay
Post Earnings Coverage as Equity LifeStyle's Quarterly Revenue Increased 5.6%
AvalonBay Communities AnnouncesFirst Quarter 2017 Earnings Release Date
AvalonBay Communities, Inc. operates as a real estate investment trust, which engages in the development, redevelopment, acquisition, ownership, and operation of multifamily apartment communities. It operates through the following segments: Established Communities, Other Stabilized Communities, and Development or Redevelopment Communities. The Established Communities segment refers to the operating communities that were owned and had stabilized occupancy. The Other Stabilized Communities segment includes all other completed communities that have stabilized occupancy. The Development or Redevelopment Communities segment consists of communities that are under construction. The company was founded by Gilbert M. Meyer in 1978 and is headquartered in Arlington, VA. (See Full Profile)
| Name | Chg % | Market Cap |
|---|---|---|
| Acer Inc. GDR | $1.61B | |
| Equity Residential | $25.18B | |
| Mid-America Apartment Communities Inc. | $12.5B | |
| Essex Property Trust Inc. | $17.47B | |
| Apartment Investment & Management Co. | $7.02B |
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