Piper Sandler Cuts AvalonBay Communities (NYSE:AVB) Price Target to $190.00

AvalonBay Communities (NYSE:AVB) had its target price reduced by Piper Sandler from $200.00 to $190.00 in a research note published on Monday morning,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Barclays boosted their price target on shares of AvalonBay Communities from $228.00 to $229.00 and gave the company an “equal weight” rating in a report on Tuesday, September 30th. Morgan Stanley upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $228.00 to $225.00 in a report on Wednesday, August 13th. UBS Group lowered their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Scotiabank lowered their price target on shares of AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. Finally, Cantor Fitzgerald started coverage on shares of AvalonBay Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $212.92.

AvalonBay Communities Trading Up 1.0%

NYSE AVB opened at $177.77 on Monday. AvalonBay Communities has a twelve month low of $166.73 and a twelve month high of $239.29. 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 market cap of $25.31 billion, a price-to-earnings ratio of 21.71, a PEG ratio of 2.54 and a beta of 0.86. The firm’s 50 day moving average price is $188.93 and its two-hundred day moving average price is $196.88.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.The firm had revenue of $682.36 million for the quarter, compared to analysts’ expectations of $766.22 million. During the same quarter in the previous year, the firm posted $2.74 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.150-11.35 EPS. Q4 2025 guidance at 2.800-2.90 EPS. Equities analysts anticipate that AvalonBay Communities will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.9%. AvalonBay Communities’s dividend payout ratio is currently 85.47%.

Institutional Trading of AvalonBay Communities

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Azzad Asset Management Inc. ADV increased its stake in AvalonBay Communities by 10.6% in the third quarter. Azzad Asset Management Inc. ADV now owns 18,024 shares of the real estate investment trust’s stock valued at $3,482,000 after acquiring an additional 1,726 shares during the period. Smartleaf Asset Management LLC increased its stake in AvalonBay Communities by 32.6% in the third quarter. Smartleaf Asset Management LLC now owns 3,052 shares of the real estate investment trust’s stock valued at $591,000 after acquiring an additional 751 shares during the period. HighPoint Advisor Group LLC increased its stake in AvalonBay Communities by 8.9% in the third quarter. HighPoint Advisor Group LLC now owns 3,147 shares of the real estate investment trust’s stock valued at $608,000 after acquiring an additional 257 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in AvalonBay Communities by 1.5% in the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,779 shares of the real estate investment trust’s stock valued at $1,116,000 after acquiring an additional 84 shares during the period. Finally, Savant Capital LLC increased its stake in AvalonBay Communities by 28.9% in the third quarter. Savant Capital LLC now owns 1,911 shares of the real estate investment trust’s stock valued at $369,000 after acquiring an additional 429 shares during the period. Institutional investors own 92.61% of the company’s stock.

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.