AvalonBay Communities, Inc. $AVB Shares Bought by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 723,402 shares of the real estate investment trust’s stock after acquiring an additional 10,929 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in AvalonBay Communities were worth $147,212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. grew its stake in shares of AvalonBay Communities by 33.5% in the first quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust’s stock valued at $4,951,000 after buying an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of AvalonBay Communities by 4.9% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust’s stock valued at $10,404,000 after buying an additional 2,243 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AvalonBay Communities by 9.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust’s stock valued at $73,938,000 after buying an additional 28,608 shares in the last quarter. DAVENPORT & Co LLC grew its stake in shares of 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 valued at $251,000 after buying an additional 210 shares in the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of AvalonBay Communities in the first quarter valued at $526,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Trading Up 0.2%

NYSE:AVB opened at $189.43 on Friday. The stock has a 50-day simple moving average of $191.05 and a 200-day simple moving average of $197.99. The stock has a market cap of $26.97 billion, a P/E ratio of 23.33, a P/E/G ratio of 2.73 and a beta of 0.86. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year 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.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million during the quarter, compared to analysts’ expectations 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 prior year, the firm 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, analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 30th. AvalonBay Communities’s payout ratio is presently 86.21%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on AVB. BNP Paribas cut AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Mizuho reaffirmed a “neutral” rating and issued a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Truist Financial raised AvalonBay Communities from a “hold” rating to a “buy” rating and dropped their price objective for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. BNP Paribas Exane cut AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research note on Monday, September 29th. Finally, Scotiabank lowered their target price on AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating for the company in a research note on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price 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.