AvalonBay Communities, Inc. $AVB Shares Sold by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS cut its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,779 shares of the real estate investment trust’s stock after selling 700 shares during the period. KLP Kapitalforvaltning AS’s holdings in AvalonBay Communities were worth $9,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of AVB. Vanguard Group Inc. raised its position in AvalonBay Communities by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 22,672,682 shares of the real estate investment trust’s stock worth $4,866,011,000 after buying an additional 96,790 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in AvalonBay Communities by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust’s stock worth $1,184,712,000 after buying an additional 367,853 shares during the last quarter. JPMorgan Chase & Co. raised its position in AvalonBay Communities by 3.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust’s stock worth $818,653,000 after buying an additional 143,646 shares during the last quarter. Northern Trust Corp raised its position in AvalonBay Communities by 5.2% during the 1st quarter. Northern Trust Corp now owns 2,779,484 shares of the real estate investment trust’s stock worth $596,533,000 after buying an additional 136,741 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in AvalonBay Communities by 4.2% during the 1st quarter. Wellington Management Group LLP now owns 2,594,073 shares of the real estate investment trust’s stock worth $556,740,000 after buying an additional 105,098 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AVB shares. Wall Street Zen lowered shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Wells Fargo & Company cut their target price on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. Royal Bank Of Canada cut their target price on shares of AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Piper Sandler reaffirmed a “neutral” rating and set a $200.00 target price (down from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Finally, UBS Group cut their target price on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $217.46.

AvalonBay Communities Price Performance

Shares of NYSE AVB opened at $185.83 on Friday. The firm has a market cap of $26.46 billion, a PE ratio of 22.89, a PEG ratio of 2.69 and a beta of 0.86. The firm has a fifty day moving average of $191.17 and a 200 day moving average of $199.51. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.80 by $0.02. The company had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same quarter in the previous year, the firm earned $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, research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th. AvalonBay Communities’s payout ratio is presently 86.21%.

About AvalonBay Communities

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.