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130.77 (1y: -5%)
Market Cap 17.45 B P/E(ttm) 30.10
Enterprise Value 22.98 B P/B 2.30
AVB- NYSE (USA)
AvalonBay Communities Inc
  • Currently 1/5
Business Predictability Rank: 1-Star
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$130.77
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry		 vs
history
Cash to Debt 0.703
AVB's Cash to Debt is ranked higher than
89% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.02 vs. AVB: 0.703 )
AVB' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.7
Current: 0.7
0.01
0.7
Equity to Asset 0.613
AVB's Equity to Asset is ranked higher than
86% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.40 vs. AVB: 0.613 )
AVB' s 10-Year Equity to Asset Range
Min: 0.41   Max: 0.61
Current: 0.61
0.41
0.61
Interest Coverage 1.7
AVB's Interest Coverage is ranked higher than
70% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.20 vs. AVB: 1.7 )
AVB' s 10-Year Interest Coverage Range
Min: 1   Max: 3
Current: 1.7
1
3
F-Score: 7
Z-Score: 1.67
M-Score: -4.28
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 6/10

vs
industry		 vs
history
Operating margin (%) 22.10
AVB's Operating margin (%) is ranked higher than
63% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 25.90 vs. AVB: 22.10 )
AVB' s 10-Year Operating margin (%) Range
Min: 8.2   Max: 44
Current: 22.1
8.2
44
Net-margin (%) 40.8
AVB's Net-margin (%) is ranked higher than
75% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 17.40 vs. AVB: 40.8 )
AVB' s 10-Year Net-margin (%) Range
Min: 18.3   Max: 48.2
Current: 40.8
18.3
48.2
ROE (%) 6.2
AVB's ROE (%) is ranked higher than
70% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.60 vs. AVB: 6.2 )
AVB' s 10-Year ROE (%) Range
Min: 5.1   Max: 14.1
Current: 6.2
5.1
14.1
ROA (%) 3.8
AVB's ROA (%) is ranked higher than
76% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.90 vs. AVB: 3.8 )
AVB' s 10-Year ROA (%) Range
Min: 2.1   Max: 6.2
Current: 3.8
2.1
6.2
ROC (Joel Greenblatt) (%) 2.40
AVB's ROC (Joel Greenblatt) (%) is ranked higher than
73% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AVB: 2.40 )
AVB' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 0.8   Max: 6.6
Current: 2.4
0.8
6.6
Revenue Growth (%) 0.1
AVB's Revenue Growth (%) is ranked higher than
86% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AVB: 0.1 )
AVB' s 10-Year Revenue Growth (%) Range
Min: -0.8   Max: 5.2
Current: 0.1
-0.8
5.2
EBITDA Growth (%) 8.7
AVB's EBITDA Growth (%) is ranked higher than
92% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AVB: 8.7 )
AVB' s 10-Year EBITDA Growth (%) Range
Min: -12   Max: 15.3
Current: 8.7
-12
15.3
EPS Growth (%) 22.3
AVB's EPS Growth (%) is ranked higher than
92% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AVB: 22.3 )
AVB' s 10-Year EPS Growth (%) Range
Min: -17.1   Max: 22.3
Current: 22.3
-17.1
22.3
» AVB's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades
Q2 2012

AVB Guru Trades in Q2 2012

Steven Cohen 65,710 sh (+231.15%)
Ray Dalio 13,435 sh (+52.07%)
Jeremy Grantham 84,669 sh (+26.35%)
Manning & Napier Advisors, Inc 31,230 sh (+15.45%)
Pioneer Investments 60,441 sh (+1.15%)
Steven Romick -100,400 sh (unchged)
Ron Baron 2,800 sh (unchged)
Ken Heebner 755,000 sh (unchged)
Louis Moore Bacon Sold Out
Chris Davis 134,892 sh (-11.11%)
» More
Q3 2012

AVB Guru Trades in Q3 2012

Jim Simons 54,714 sh (New)
Ray Dalio 24,835 sh (+84.85%)
Ron Baron 2,800 sh (unchged)
Steven Romick -100,400 sh (unchged)
Pioneer Investments 57,806 sh (-4.36%)
Chris Davis 125,681 sh (-6.83%)
Jeremy Grantham 67,869 sh (-19.84%)
Ken Heebner 600,000 sh (-20.53%)
Manning & Napier Advisors, Inc 20,500 sh (-34.36%)
Steven Cohen 1,896 sh (-97.11%)
» More
Q4 2012

AVB Guru Trades in Q4 2012

Steven Cohen 379,219 sh (+22401.1%)
Manning & Napier Advisors, Inc 50,560 sh (+177.46%)
Chris Davis 238,686 sh (+113.65%)
Pioneer Investments 58,400 sh (+13.66%)
Ron Baron 2,800 sh (+12.5%)
Steven Romick -100,400 sh (+12.5%)
Jeremy Grantham 49,381 sh (unchged)
Jim Simons Sold Out
Ray Dalio 10,535 sh (-52.28%)
Ken Heebner 235,000 sh (-55.94%)
» More
Q1 2013

AVB Guru Trades in Q1 2013

Chris Davis 366,659 sh (+36.55%)
Ken Heebner Sold Out
Ron Baron Sold Out
Ray Dalio Sold Out
Pioneer Investments 61,000 sh (-7.15%)
Manning & Napier Advisors, Inc 51,850 sh (-8.84%)
Steven Romick -100,400 sh (-11.11%)
Jeremy Grantham 32,159 sh (-42.11%)
Steven Cohen 8,188 sh (-98.08%)
» More
» Details

Insider Trades

Latest Guru Trades with AVB

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ray Dalio 2013-03-31 Sold Out 0.02%$124.02 - $139.15 $ 130.770%0
Ron Baron 2013-03-31 Sold Out $124.02 - $139.15 $ 130.770%0
Ray Dalio 2012-12-31 Reduce -52.28%0.02%$127.39 - $137.72 $ 130.77-2%10535
Ray Dalio 2012-09-30 Add 84.85%0.02%$135.36 - $151 $ 130.77-8%24835
Ray Dalio 2012-06-30 Add 52.07%0.01%$135.32 - $147.63 $ 130.77-7%13435
Ray Dalio 2012-03-31 Add 278.37%0.01%$124.26 - $140.39 $ 130.776%8835
Ray Dalio 2011-12-31 New Buy0.01%$110.78 - $135.64 $ 130.775%2335
Ron Baron 2011-09-30 New Buy$115.28 - $139.51 $ 130.770%2600
Premium More recent guru trades are included for Premium Members only!!
» Financial Charts

Peter Lynch Chart

Top Ranked Articles about AvalonBay Communities Inc

The Top Companies Steven Romick Is Shorting
January 22, 2013
Steven Romick - The Top Companies Steven Romick Is Shorting
Steven Romick, who manages the FPA Crescent Fund at $20 billion First Pacific Advisors, is one of the few investors who discloses his short positions. As a value investor, Romick researches for stocks that are trading at discounts and usually in out-of-favor industries, with an eye to the macro environment. Romick just updated his fourth quarter portfolio. The biggest portfolio stocks he is expecting to move downward are: Express Scripts (ESRX), AvalonBay Communities (AVB) and Essex Property Trust (ESS). Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 30.10
AVB's P/E(ttm) is ranked lower than
51% of the 380 Companies
in the Global REIT - Residential industry.

( Industry Median: 17.40 vs. AVB: 30.10 )
AVB' s 10-Year P/E(ttm) Range
Min: 7   Max: 96.61
Current: 30.1
7
96.61
P/B 2.30
AVB's P/B is ranked lower than
63% of the 443 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.28 vs. AVB: 2.30 )
AVB' s 10-Year P/B Range
Min: 0.98   Max: 4.22
Current: 2.3
0.98
4.22
P/S 12.33
AVB's P/S is ranked lower than
69% of the 488 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.71 vs. AVB: 12.33 )
AVB' s 10-Year P/S Range
Min: 3.78   Max: 15.04
Current: 12.33
3.78
15.04
EV-to-EBIT 125
AVB's EV-to-EBIT is ranked lower than
70% of the 400 Companies
in the Global REIT - Residential industry.

( Industry Median: 24.85 vs. AVB: 125 )
AVB' s 10-Year EV-to-EBIT Range
Min: 17.5   Max: 310.7
Current: 125
17.5
310.7
PEG 4.5
AVB's PEG is ranked higher than
57% of the 137 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.21 vs. AVB: 4.5 )
AVB' s 10-Year PEG Range
Min: 0.55   Max: 34.33
Current: 4.5
0.55
34.33
Shiller P/E 32.7
AVB's Shiller P/E is ranked lower than
100% of the Companies
in the Global REIT - Residential industry.

( Industry Median: vs. AVB: 32.7 )
AVB' s 10-Year Shiller P/E Range
Min: 9.92   Max: 41.7
Current: 32.7
9.92
41.7

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 3.04
AVB's Dividend Yield is ranked lower than
68% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.25 vs. AVB: 3.04 )
AVB' s 10-Year Dividend Yield Range
Min: 2.13   Max: 8.48
Current: 3.04
2.13
8.48
Dividend Payout 2.0752
AVB's Dividend Payout is ranked higher than
60% of the 379 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.00 vs. AVB: 2.0752 )
AVB' s 10-Year Dividend Payout Range
Min: 0.66   Max: 1.85
Current: 2.08
0.66
1.85
Dividend growth (3y) 2.1
AVB's Dividend growth (3y) is ranked higher than
89% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AVB: 2.1 )
AVB' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 8
Current: 2.1
0
8
Yield on cost (5-Year) 3.37
AVB's Yield on cost (5-Year) is ranked lower than
51% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.50 vs. AVB: 3.37 )
AVB' s 10-Year Yield on cost (5-Year) Range
Min: 2.32   Max: 9.23
Current: 3.37
2.32
9.23
Share Buyback Rate -5
AVB's Share Buyback Rate is ranked lower than
51% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: -1.70 vs. AVB: -5 )
AVB' s 10-Year Share Buyback Rate Range
Min: -0.9   Max: -5
Current: -5

Valuation & Return

vs
industry		 vs
history
Price/Tangible Book 2.2
AVB's Price/Tangible Book is ranked lower than
59% of the 437 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. AVB: 2.2 )
AVB' s 10-Year Price/Tangible Book Range
Min: 1.2   Max: 3.7
Current: 2.2
1.2
3.7
Price/DCF (Projected) 4.1
AVB's Price/DCF (Projected) is ranked lower than
57% of the 209 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.00 vs. AVB: 4.1 )
AVB' s 10-Year Price/DCF (Projected) Range
Min: 6.1   Max: 6.1
Current: 4.1
Price/Median PS Value 1.5
AVB's Price/Median PS Value is ranked lower than
67% of the 427 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.20 vs. AVB: 1.5 )
AVB' s 10-Year Price/Median PS Value Range
Min: 0.5   Max: 1.6
Current: 1.5
0.5
1.6
Price/Graham Number 2
AVB's Price/Graham Number is ranked lower than
59% of the 368 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.00 vs. AVB: 2 )
AVB' s 10-Year Price/Graham Number Range
Min: 1   Max: 3.5
Current: 2
1
3.5
Earnings Yield (Greenblatt) 0.80
AVB's Earnings Yield (Greenblatt) is ranked higher than
50% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.70 vs. AVB: 0.80 )
AVB' s 10-Year Earnings Yield (Greenblatt) Range
Min: 0.3   Max: 5.7
Current: 0.8
0.3
5.7
Forward Rate of Return (Yacktman) 0.39
AVB's Forward Rate of Return (Yacktman) is ranked higher than
84% of the 566 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.00 vs. AVB: 0.39 )
AVB' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -50.8   Max: 8.9
Current: 0.39
-50.8
8.9

Business Description

AvalonBay Communities, Inc. was incorporated under the laws of the State of California in 1978. In 1995, the Company reincorporated in the State of Maryland and has been focused on the ownership and operation of apartment communities since that time. The Company is a Maryland corporation that has elected to be treated as a real estate investment trust for federal income tax purposes. The Company is engaged in the development, redevelopment, acquisition, ownership and operation of multifamily communities in high barrier-to-entry markets of the United States. These barriers-to-entry include a difficult and lengthy entitlement process with local jurisdictions and dense urban or suburban areas where zoned and entitled land is in limited supply. The Company's markets are located in the Northeast, Mid-Atlantic, Midwest, Pacific Northwest, and Northern and Southern California regions of the United States. The Company's real estate investments consist of the following reportable segments: Established Communities, Other Stabilized Communities and Development/Redevelopment Communities. Established Communities are operating communities that are consolidated for financial reporting purposes and that were owned and had stabilized occupancy and operating expenses as of the beginning of the prior year. Other Stabilized Communities are all other operating communities that have stabilized occupancy and operating expenses as of the beginning of the current year, but that had not achieved stabilization as of the beginning of the prior year. Development/ Redevelopment Communities consist of communities that are under construction, communities where redevelopment is in progress or is planned to begin during the current year and communities under lease-up.
Company Website
SEC Reports
Industry: REIT - Residential
Compare:PPS, EQR, AGNC, AIV, UDR
Traded in other countries:WV8.Germany
» More Articles for AVB

Headlines

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Weekly Top Insider Sells: EL, MSFT, DTE, AVB and KO Nov 14 2011 
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Weekly Top Insider Sells: INTU,TIF,AVB,MCK,VFC Jun 27 2011 
Weekly Top Insider Sells: QCOM,INFA,AVB,ATVI,FOSL Jun 13 2011 
Weekly Top Insider Buys: EIX, MCD, GLD, HNZ, AVB Jun 13 2011 
Weekly CFO Sales Highlight: EPIQ, INCY, AVB, JOSB, PCS, FLO Jun 12 2011 

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