Quick Update for AvalonBay Communities (AVB) Investors

Large-cap real estate company AvalonBay Communities has moved 1.9% this evening, reaching $165.74 per share. In contrast, the average analyst target price for the stock is $197.05.

As of September 30, 2023, the Company owned or held a direct or indirect ownership interest in 296 apartment communities containing 89,240 apartment homes in 12 states and the District of Columbia, of which 17 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 regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado. The company is based in the United States. AvalonBay Communities currently returns an annual dividend yield of 4.0%.

Make Sure to Consider the Following Before Buying AvalonBay Communities:

  • AvalonBay Communities has moved -5.0% over the last year.

  • AVB has a forward P/E ratio of 30.9 based on its EPS guidance of 5.37.

  • Over the last 6 years, earnings per share (EPS) have been growing at a compounded average rate of 4.0%.

  • The company has a price to earnings growth (PEG) ratio of -2.87.

  • Its Price to Book (P/B) ratio is 2.0

AvalonBay Communities Has Generally Positive Cash Flows

Date Reported Cash Flow from Operations ($ k) Capital expenditures ($ k) Free Cash Flow ($ k) YoY Growth (%)
2023 1,524,463 960,235 564,228 12.68
2022 1,421,932 921,203 500,729 -8.68
2021 1,203,170 654,861 548,309 45.94
2020 1,219,615 843,907 375,708 39.26
2019 1,321,804 1,052,011 269,793 67.41
2018 1,301,111 1,139,954 161,157

AvalonBay Communities's free cash flows are strong in the aggregate, since they average out to $403.32 Million over the last 6 years. But they are highly variable since their coefficient of variability is 113.8%. The compounded average growth rate for this period stands at 23.2%.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.