AG2R LA Mondiale Gestion D Actifs Buys 1,193 Shares of AvalonBay Communities, Inc. $AVB

AG2R LA Mondiale Gestion D Actifs lifted its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 17.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,974 shares of the real estate investment trust’s stock after buying an additional 1,193 shares during the quarter. AG2R LA Mondiale Gestion D Actifs’ holdings in AvalonBay Communities were worth $1,623,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AVB. Nuveen LLC bought a new stake in AvalonBay Communities during the 1st quarter valued at approximately $280,226,000. PGGM Investments raised its stake in AvalonBay Communities by 7,782.9% during the 2nd quarter. PGGM Investments now owns 478,966 shares of the real estate investment trust’s stock valued at $97,470,000 after purchasing an additional 472,890 shares during the period. Price T Rowe Associates Inc. MD raised its stake 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 valued at $1,184,712,000 after purchasing an additional 367,853 shares during the period. JPMorgan Chase & Co. raised its stake 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 valued at $818,653,000 after purchasing an additional 143,646 shares during the period. Finally, Strs Ohio bought a new stake in AvalonBay Communities during the 1st quarter valued at approximately $30,453,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

Shares of AvalonBay Communities stock opened at $189.43 on Friday. The stock has a market cap of $26.97 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average price of $191.05 and a 200-day moving average price of $198.07. 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.80 by $0.02. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The firm had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. During the same period last year, the company 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. Equities analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 30th. AvalonBay Communities’s dividend payout ratio (DPR) is currently 86.21%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AVB shares. 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. Piper Sandler reaffirmed a “neutral” rating and set a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. BNP Paribas downgraded shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. BNP Paribas Exane downgraded shares of AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Finally, Cantor Fitzgerald began coverage on shares of AvalonBay Communities in a research note on Wednesday, October 1st. They set a “neutral” rating and a $205.00 price target on the stock. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $217.31.

AvalonBay Communities Company 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.