AVB Avalonbay Communities Dashboard

AvalonBay Communities, Inc. is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily 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.

Company profile

Ticker

AVB

Exchange

NYSE

Website

www.avaloncommunities.com/

CEO

Timothy J. Naughton

Incorporated

Maryland

Location

Virginia

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • VEREIT • Vornado Realty • Simon Property • Healthpeak Properties • Erp Operating LTD Partnership • Equity Residential Properties Trust • Prologis • Weyerhaeuser ...

Former names

AVALON BAY COMMUNITIES INC, BAY APARTMENT COMMUNITIES INC

SEC CIK

0000915912

Corporate docs

Articles of Incorporation & Bylaws

IRS number

770404318

AVB stock data

S&P 500

1M 1Y 2Y 5Y

News

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What 11 Analyst Ratings Have To Say About AvalonBay Communities

11 Jun 21

Within the last quarter, AvalonBay Communities (NYSE:AVB) has observed the following analyst ratings: Last 30 Days 1 Month Ago 2 Months Ago

Morgan Stanley Maintains Equal-Weight on AvalonBay Communities, Raises Price Target to $218

11 Jun 21

Morgan Stanley analyst Richard Hill maintains AvalonBay Communities (NYSE:AVB) with a Equal-Weight and raises the price target from $210 to $218.

Where AvalonBay Communities Stands With Analysts

4 Jun 21

Analysts have provided the following ratings for AvalonBay Communities (NYSE:AVB) within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago

Benzinga's Top Ratings Upgrades, Downgrades For June 4, 2021

4 Jun 21

Truist Securities Downgrades AvalonBay Communities to Hold

4 Jun 21

Press releases

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AvalonBay Communities, Inc. Provides Second Quarter 2021 Operating Update

4 Jun 21

AVALONBAY COMMUNITIES, INC. (NYSE:AVB) (the "Company") announced today that it has reaffirmed the outlook, as provided in its April 28, 2021 earnings release, for Established Communities total residential rental revenue

AvalonBay Communities, Inc. Declares Second Quarter 2021 Dividends

20 May 21

AvalonBay Communities, Inc. (NYSE:AVB) announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the second quarter of 2021. The Common Stock

AvalonBay Communities, Inc. Announces First Quarter 2021 Operating Results and Second Quarter 2021 Financial Outlook

28 Apr 21

AvalonBay Communities, Inc. (NYSE:AVB) (the "Company") reported today that Net Income Attributable to Common Stockholders for the three months ended March 31, 2021 was $142,223,000. This resulted in a decrease in

AvalonBay Communities Announces First Quarter 2021 Earnings Release Date

31 Mar 21

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

5 May 21

13 Jun 21

31 Dec 21

Financial summary

Financial statements Chart AVB financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	229.73M	229.73M	229.73M	229.73M	229.73M	229.73M
Cash burn (monthly)	27.93M	53.22M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	68.61M	130.72M	n/a	n/a	n/a	n/a
Cash remaining	161.12M	99.01M	n/a	n/a	n/a	n/a
Runway (months of cash)	5.8	1.9	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

AVB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Jun 21	Keri A Shea	Common Stock, par value $.01 per share	Sell	Dispose S	No	No	212.9414	994	211.66K	4,239
2 Jun 21	Sean J. Breslin	Common Stock, par value $.01 per share	Sell	Dispose S	No	No	212.03	1,500	318.05K	44,747.805
27 May 21	Aeppel Glyn	Common Stock, par value $.01 per share	Grant	Aquire A	No	No	0	833	0	8,683.567
27 May 21	Buckelew Alan	Common Stock, par value $.01 per share	Grant	Aquire A	No	No	0	833	0	9,142
27 May 21	Terry S. Brown	Common Stock, par value $.01 per share	Grant	Aquire A	No	No	0	833	0	9,959.865

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

AVB institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

86.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	554	540	+2.6%
Opened positions	77	77	–
Closed positions	63	53	+18.9%
Increased positions	194	162	+19.8%
Reduced positions	185	221	-16.3%

13F shares	Current	Prev Q	Change
Total value	22.31B	20.3B	+9.9%
Total shares	120.82M	126.55M	-4.5%
Total puts	345.8K	352.5K	-1.9%
Total calls	709.11K	775.61K	-8.6%
Total put/call ratio	0.5	0.5	+7.3%

Largest owners	Shares	Value	Change
Vanguard	22.1M	$4.08B	+1.1%
BLK Blackrock	13.87M	$2.56B	-3.1%
STT State Street	8.3M	$1.54B	+0.9%
PFG Principal Financial Group Inc - Registered Shares	4.97M	$916.14M	+1.3%
JPM JPMorgan Chase & Co.	4.52M	$834.32M	-25.9%
TROW T. Rowe Price	3.28M	$605.65M	-1.2%
PGGM Investments	3.04M	$561.37M	+24.3%
Geode Capital Management	2.81M	$517.52M	+0.3%
IVZ Invesco	2.79M	$513.94M	+1.1%
NTRS Northern Trust	2.49M	$458.75M	-6.9%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-3.73M	EXIT
JPM JPMorgan Chase & Co.	4.52M	-1.58M	-25.9%
Long Pond Capital	425.89K	-1.3M	-75.4%
Viking Global Investors	0	-1.21M	EXIT
Centersquare Investment Management	1.51M	+1.08M	+249.1%
Nuveen Asset Management	2.21M	+845.27K	+61.9%
D1 Capital Partners	0	-621.2K	EXIT
Ubs Global Asset Management Americas	1.97M	+619.57K	+46.0%
PGGM Investments	3.04M	+594.17K	+24.3%
BLK Blackrock	13.87M	-445.4K	-3.1%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Management Discussion

•Net income attributable to common stockholders for the three months ended March 31, 2021 was $142,223,000, a decrease of $25,748,000, or 15.3%, as compared to the prior year period. The decrease is primarily due to a decrease in NOI from Established Communities, partially offset by an increase in net gains of real estate dispositions in the current year period, a loss on extinguishment of debt in the prior year period and an increase in NOI from Development Communities in the current year period.
•Established Communities NOI attributable to our apartment rental operations, including parking and other ancillary residential revenue ("Residential"), for the three months ended March 31, 2021 was $335,617,000, a decrease of $54,543,000, or 14.0%, from the prior year period. The decrease was due to a decrease in Residential rental revenues of $49,473,000, or 9.1%, from the prior year period, of which $12,428,000 of the decline was due to an increase in Residential uncollectible lease revenue, as well as an increase in Residential property operating expenses of $4,973,000, or 3.2%, from the prior year period.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. junior Avg

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From filing 10-Q 2021 Q1