AvalonBay Communities, Inc. $AVB Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. cut its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 286,009 shares of the real estate investment trust’s stock after selling 1,031 shares during the quarter. Asset Management One Co. Ltd.’s holdings in AvalonBay Communities were worth $58,203,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Pacific Sun Financial Corp raised its stake in shares of AvalonBay Communities by 42.6% during the 2nd quarter. Pacific Sun Financial Corp now owns 1,710 shares of the real estate investment trust’s stock worth $348,000 after buying an additional 511 shares during the period. Whittier Trust Co. raised its stake in shares of AvalonBay Communities by 2.5% during the 2nd quarter. Whittier Trust Co. now owns 2,725 shares of the real estate investment trust’s stock worth $555,000 after buying an additional 66 shares during the period. Probity Advisors Inc. raised its stake in shares of AvalonBay Communities by 2.7% during the 2nd quarter. Probity Advisors Inc. now owns 2,243 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 60 shares during the period. Phoenix Financial Ltd. raised its stake in shares of AvalonBay Communities by 14.2% during the 2nd quarter. Phoenix Financial Ltd. now owns 1,143 shares of the real estate investment trust’s stock worth $233,000 after buying an additional 142 shares during the period. Finally, Avidian Wealth Enterprises LLC acquired a new position in shares of AvalonBay Communities during the 2nd quarter worth approximately $260,000. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Stock Up 0.0%

Shares of NYSE:AVB opened at $189.41 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $191.07 and a two-hundred day moving average of $197.98. The stock has a market cap of $26.97 billion, a P/E ratio of 23.33, a PEG ratio of 2.73 and a beta of 0.86. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week high of $239.29.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.02. The company 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 business 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. On average, research analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on AVB. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AvalonBay Communities in a research note on Tuesday, October 14th. Wall Street Zen downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Truist Financial raised AvalonBay Communities from a “hold” rating to a “buy” rating and reduced their target price for the stock from $224.00 to $218.00 in a research note on Thursday, September 11th. UBS Group reduced their price objective on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Finally, Piper Sandler reissued a “neutral” rating and issued a $200.00 price objective (down from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $217.31.

AvalonBay Communities 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.