Caitong International Asset Management Co. Ltd Has $35,000 Holdings in AvalonBay Communities, Inc. $AVB

Caitong International Asset Management Co. Ltd lessened its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 46.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 173 shares of the real estate investment trust’s stock after selling 148 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in AvalonBay Communities were worth $35,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Cambridge Investment Research Advisors Inc. raised its holdings in AvalonBay Communities by 27.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 2,744 shares of the real estate investment trust’s stock worth $589,000 after acquiring an additional 599 shares during the period. Achmea Investment Management B.V. raised its holdings in AvalonBay Communities by 33.5% in the 1st quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust’s stock worth $4,951,000 after acquiring an additional 5,791 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in AvalonBay Communities by 72.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,692 shares of the real estate investment trust’s stock worth $8,477,000 after acquiring an additional 16,694 shares during the period. Naviter Wealth LLC raised its holdings in AvalonBay Communities by 2.7% in the 1st quarter. Naviter Wealth LLC now owns 10,241 shares of the real estate investment trust’s stock worth $2,187,000 after acquiring an additional 269 shares during the period. Finally, Amalgamated Bank raised its holdings in AvalonBay Communities by 0.7% in the 1st quarter. Amalgamated Bank now owns 28,054 shares of the real estate investment trust’s stock worth $6,021,000 after acquiring an additional 205 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on AVB shares. Piper Sandler reiterated a “neutral” rating and issued a $200.00 target price (down previously from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of AvalonBay Communities in a report on Tuesday, October 14th. Cantor Fitzgerald started coverage on shares of AvalonBay Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $205.00 target price on the stock. Scotiabank dropped 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. Finally, BNP Paribas Exane downgraded shares of AvalonBay Communities from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $217.31.

AvalonBay Communities Stock Performance

NYSE AVB opened at $189.43 on Monday. 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. The company’s 50-day simple moving average is $191.05 and its 200 day simple moving average is $198.05. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.02. The business had revenue of $689.90 million for the quarter, compared to analysts’ expectations of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same quarter in the previous 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. As a group, research analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

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

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.