Brokerages Set AvalonBay Communities, Inc. (NYSE:AVB) PT at $218.42

AvalonBay Communities, Inc. (NYSE:AVB) has been given a consensus recommendation of “Hold” by the seventeen research firms that are covering the company, MarketBeat reports. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $217.4615.

A number of equities research analysts have recently issued reports on the stock. 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. JPMorgan Chase & Co. lowered their target price on shares of AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 17th. UBS Group lowered their target price on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 15th. Cantor Fitzgerald began coverage on shares of AvalonBay Communities in a research note on Wednesday. They issued a “neutral” rating and a $205.00 target price on the stock. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $200.00 target price (down from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th.

AvalonBay Communities Trading Up 0.4%

Shares of AvalonBay Communities stock opened at $190.81 on Tuesday. AvalonBay Communities has a 12-month low of $180.40 and a 12-month high of $239.29. The company has a market cap of $27.17 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.75 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. The company’s 50-day moving average price is $191.91 and its 200-day moving average price is $200.11.

AvalonBay Communities (NYSE:AVB) last announced 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 net margin of 38.91% and a return on equity of 9.70%. The firm had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. During the same period in the prior year, the firm posted $2.77 earnings per share. 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, equities analysts expect that AvalonBay Communities will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

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

Institutional Investors Weigh In On AvalonBay Communities

Institutional investors and hedge funds have recently bought and sold shares of the stock. Achmea Investment Management B.V. raised its stake in 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 purchasing an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of AvalonBay Communities by 4.9% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust’s stock worth $10,404,000 after acquiring an additional 2,243 shares in the last quarter. Vert Asset Management LLC raised its stake in shares of AvalonBay Communities by 5.0% during the first quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust’s stock worth $14,307,000 after acquiring an additional 3,199 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of AvalonBay Communities by 9.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust’s stock worth $73,938,000 after acquiring an additional 28,608 shares in the last quarter. Finally, Figure 8 Investment Strategies LLC purchased a new position in shares of AvalonBay Communities during the first quarter worth approximately $1,272,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

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.