Trust Co. of Vermont Increases Holdings in AvalonBay Communities, Inc. $AVB

Trust Co. of Vermont raised its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 331.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 315 shares of the real estate investment trust’s stock after buying an additional 242 shares during the quarter. Trust Co. of Vermont’s holdings in AvalonBay Communities were worth $64,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AVB. PFG Investments LLC grew its holdings in shares of AvalonBay Communities by 8.0% in the second quarter. PFG Investments LLC now owns 1,395 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 103 shares during the period. PGGM Investments raised its stake in AvalonBay Communities by 7,782.9% during the second quarter. PGGM Investments now owns 478,966 shares of the real estate investment trust’s stock worth $97,470,000 after purchasing an additional 472,890 shares during the period. Truist Financial Corp boosted its holdings in AvalonBay Communities by 44.6% in the 2nd quarter. Truist Financial Corp now owns 11,410 shares of the real estate investment trust’s stock valued at $2,322,000 after purchasing an additional 3,518 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of AvalonBay Communities by 32.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 68,357 shares of the real estate investment trust’s stock valued at $13,911,000 after buying an additional 16,798 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in shares of AvalonBay Communities by 76.4% during the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Wall Street Analysts Forecast Growth

AVB has been the topic of a number of recent analyst reports. Wall Street Zen cut AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Royal Bank Of Canada reduced their target price on AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. UBS Group lowered their price target on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Cantor Fitzgerald assumed coverage on AvalonBay Communities in a research report on Wednesday. They set a “neutral” rating and a $205.00 price objective for the company. Finally, Wells Fargo & Company reduced their price objective on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Five investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $217.46.

AvalonBay Communities Price Performance

AVB opened at $190.00 on Friday. The stock’s 50-day moving average price is $192.13 and its 200 day moving average price is $200.32. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The firm has a market cap of $27.05 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.76 and a beta of 0.86. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.02. The company had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same period in the previous year, the company posted $2.77 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. As a group, sell-side analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $1.75 per share. The ex-dividend date is Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.7%. AvalonBay Communities’s dividend payout ratio is 86.21%.

AvalonBay Communities Profile

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: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.