A new trading day began on Tuesday, with Avalonbay Communities Inc. (NYSE: AVB) stock price down -0.52% from the previous day of trading, before settling in for the closing price of $228.80. AVB’s price has ranged from $160.45 to $236.26 over the past 52 weeks.
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A company in the Real Estate sector has jumped its sales by 4.51% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged -13.53%. With a float of $141.69 million, this company’s outstanding shares have now reached $142.03 million.
In an organization with 3039 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 41.43%, operating margin of 31.4%, and the pretax margin is 30.1%.
Avalonbay Communities Inc. (AVB) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the REIT – Residential Industry. The insider ownership of Avalonbay Communities Inc. is 0.37%, while institutional ownership is 92.47%. The most recent insider transaction that took place on Aug 15 ’24, was worth 861,768. In this transaction Chief Operating Officer of this company sold 4,000 shares at a rate of $215.44, taking the stock ownership to the 59,579 shares. Before that another transaction happened on Aug 15 ’24, when Company’s Officer proposed sale 4,000 for $215.44, making the entire transaction worth $861,768.
Avalonbay Communities Inc. (AVB) Latest Financial update
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 1.21 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.37 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.53% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.46% during the next five years compared to -1.47% drop over the previous five years of trading.
Avalonbay Communities Inc. (NYSE: AVB) Trading Performance Indicators
Here are Avalonbay Communities Inc.’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.38. Likewise, its price to free cash flow for the trailing twelve months is 22.97.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 5.91, a number that is poised to hit 1.34 in the next quarter and is forecasted to reach 5.62 in one year’s time.
Technical Analysis of Avalonbay Communities Inc. (AVB)
Let’s dig in a bit further. During the last 5-days, its volume was 0.66 million. That was inferior than the volume of 0.73 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 56.61%. Additionally, its Average True Range was 3.44.
During the past 100 days, Avalonbay Communities Inc.’s (AVB) raw stochastic average was set at 78.68%, which indicates a significant increase from 75.41% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 15.72% in the past 14 days, which was lower than the 16.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $225.20, while its 200-day Moving Average is $200.06. However, in the short run, Avalonbay Communities Inc.’s stock first resistance to watch stands at $229.39. Second resistance stands at $231.15. The third major resistance level sits at $232.77. If the price goes on to break the first support level at $226.01, it is likely to go to the next support level at $224.39. The third support level lies at $222.63 if the price breaches the second support level.
Avalonbay Communities Inc. (NYSE: AVB) Key Stats
With a market capitalization of 32.37 billion, the company has a total of 142,217K Shares Outstanding. Currently, annual sales are 2,768 M while annual income is 928,830 K. The company’s previous quarter sales were 726,040 K while its latest quarter income was 253,930 K.
