AvalonBay Communities, Inc. $AVB Position Boosted by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 1.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,270 shares of the real estate investment trust’s stock after purchasing an additional 279 shares during the period. New York Life Investment Management LLC’s holdings in AvalonBay Communities were worth $4,328,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AVB. Cambridge Investment Research Advisors Inc. lifted its position in shares of AvalonBay Communities by 27.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,744 shares of the real estate investment trust’s stock worth $589,000 after purchasing an additional 599 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in AvalonBay Communities by 21.9% in the first quarter. DAVENPORT & Co LLC now owns 1,169 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 210 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in AvalonBay Communities by 30.0% in the first quarter. Checchi Capital Advisers LLC now owns 1,976 shares of the real estate investment trust’s stock worth $424,000 after acquiring an additional 456 shares during the last quarter. GF Fund Management CO. LTD. lifted its holdings in AvalonBay Communities by 4.3% in the first quarter. GF Fund Management CO. LTD. now owns 2,694 shares of the real estate investment trust’s stock worth $578,000 after acquiring an additional 110 shares during the last quarter. Finally, IFM Investors Pty Ltd lifted its holdings in AvalonBay Communities by 5.0% in the first quarter. IFM Investors Pty Ltd now owns 62,961 shares of the real estate investment trust’s stock worth $14,182,000 after acquiring an additional 2,993 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

AVB opened at $174.71 on Friday. The business’s 50 day moving average is $190.31 and its 200-day moving average is $197.63. The stock has a market cap of $24.88 billion, a PE ratio of 21.33, a price-to-earnings-growth ratio of 2.54 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, Inc. has a twelve month low of $166.73 and a twelve month high of $239.29.

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

AvalonBay Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. AvalonBay Communities’s payout ratio is 86.21%.

Analyst Upgrades and Downgrades

AVB has been the topic of a number of recent research reports. Evercore ISI cut their target price on shares of AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating on the stock in a report on Monday, October 13th. BNP Paribas cut shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Scotiabank cut their target price 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. Wells Fargo & Company cut their target price 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. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $200.00 price objective (down previously from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $217.31.

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.