The stock price of Avalonbay Communities Inc. (NYSE: AVB) has plunged by -0.01 when compared to previous closing price of 191.34, but the company has seen a 5.11% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that While the top- and bottom-line numbers for AvalonBay (AVB) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Is It Worth Investing in Avalonbay Communities Inc. (NYSE: AVB) Right Now?
Avalonbay Communities Inc. (NYSE: AVB) has a price-to-earnings ratio of 29.27x that is above its average ratio. Additionally, the 36-month beta value for AVB is 0.91. There are mixed opinions on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
The public float for AVB is 141.43M and currently, short sellers hold a 1.40% ratio of that float. The average trading volume of AVB on April 26, 2024 was 793.57K shares.
AVB’s Market Performance
The stock of Avalonbay Communities Inc. (AVB) has seen a 5.11% increase in the past week, with a 5.89% rise in the past month, and a 8.63% gain in the past quarter. The volatility ratio for the week is 1.84%, and the volatility levels for the past 30 days are at 1.80% for AVB. The simple moving average for the last 20 days is 4.08% for AVB stock, with a simple moving average of 6.41% for the last 200 days.
Analysts’ Opinion of AVB
Many brokerage firms have already submitted their reports for AVB stocks, with Morgan Stanley repeating the rating for AVB by listing it as a “Overweight.” The predicted price for AVB in the upcoming period, according to Morgan Stanley is $191.50 based on the research report published on February 26, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see AVB reach a price target of $191. The rating they have provided for AVB stocks is “Neutral” according to the report published on February 22nd, 2024.
Barclays gave a rating of “Overweight” to AVB, setting the target price at $204 in the report published on February 20th of the current year.
AVB Trading at 5.27% from the 50-Day Moving Average
After a stumble in the market that brought AVB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -3.69% of loss for the given period.
Volatility was left at 1.80%, however, over the last 30 days, the volatility rate increased by 1.84%, as shares surge +4.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +11.16% upper at present.
During the last 5 trading sessions, AVB rose by +5.11%, which changed the moving average for the period of 200-days by -1.47% in comparison to the 20-day moving average, which settled at $184.20. In addition, Avalonbay Communities Inc. saw 2.19% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AVB starting from O’Shea Kevin P., who sale 5,000 shares at the price of $185.65 back on Mar 08 ’24. After this action, O’Shea Kevin P. now owns 31,308 shares of Avalonbay Communities Inc., valued at $928,248 using the latest closing price.
Lockridge Joanne M, the Executive Vice President of Avalonbay Communities Inc., sale 1,750 shares at $185.10 during a trade that took place back on Mar 07 ’24, which means that Lockridge Joanne M is holding 21,907 shares at $323,925 based on the most recent closing price.
Stock Fundamentals for AVB
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.57 for the gross margin
The net margin for Avalonbay Communities Inc. stands at 0.34. The total capital return value is set at 0.04. Equity return is now at value 8.05, with 4.51 for asset returns.
Based on Avalonbay Communities Inc. (AVB), the company’s capital structure generated 0.4 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.68. The interest coverage ratio of the stock is 4.18.
Currently, EBITDA for the company is 1.7 billion with net debt to EBITDA at 4.53. When we switch over and look at the enterprise to sales, we see a ratio of 12.56.
Conclusion
In conclusion, Avalonbay Communities Inc. (AVB) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
