Look Out For Analyst’s Recommendation: Avalonbay Communities Inc. (AVB)

The shares of Avalonbay Communities Inc. (NYSE:AVB) currently has mean rating of 2.33 while 5 analysts have recommended the shares as “BUY”, 8 recommended as “OUTPERFORM” and 10 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun 16 is 500.03M by 16 analysts. The means estimate of sales for the year ending Dec-16 is 2.03B by 19 analysts.

The mean price target for the shares of Avalonbay Communities Inc. (AVB)  is at 193.86 while the highest price target suggested by the analysts is 215.00 and low price target is 179.00. The mean price target is calculated keeping in view the consensus of 22 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Avalonbay Communities Inc. (AVB)  stands at 2.08 while the EPS for the current year is fixed at 8.36 by 22 analysts.

The next one year’s EPS estimate is set at 8.96 by 22 analysts while a year ago the analysts suggested the company’s EPS at 8.36. The analysts also projected the company’s long-term growth at 6.70% for the upcoming five years.

In its latest quarter ended on 31^st March 2016, Avalonbay Communities Inc. (AVB)  reported earnings of $2.07. The posted earnings topped the analyst’s consensus by $0.04 with the surprise factor of 2.00%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 9, 2016 Avalonbay Communities Inc. (AVB) announced that it has been ranked highest among its multifamily REIT peers and listed among the top third of the 500 largest U.S. publicly-traded companies in the 2016 Newsweek Green Rankings. Since 2009, the Newsweek Green Rankings, created in partnership with Corporate Knights and HIP Investor, have been one of the world’s foremost corporate environmental rankings, assessing the 500 largest publicly-traded companies in the United States and the 500 largest publicly-traded companies globally on overall environmental performance.

“Environmental responsibility is core to our business and a critical part of developing sustainable communities. This is why we integrate our sustainable initiatives with our design, development, construction and operations processes,” said Matthew Birenbaum, AvalonBay’s Chief Investment Officer. “Ranking highest among our multifamily REIT peers is recognition of our focus on and commitment to our longstanding belief in investing and operating responsibly for the long term and ties directly to our purpose of creating a better way to live.”