Chilton Capital Management LLC Boosts Stake in AvalonBay Communities, Inc. $AVB

Chilton Capital Management LLC boosted its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 0.7% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 82,448 shares of the real estate investment trust’s stock after acquiring an additional 599 shares during the quarter. Chilton Capital Management LLC owned about 0.06% of AvalonBay Communities worth $16,908,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of AVB. Achmea Investment Management B.V. raised its stake in shares of AvalonBay Communities by 33.5% during 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 buying an additional 5,791 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings 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 purchasing an additional 2,243 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position 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 purchasing an additional 28,608 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of AvalonBay Communities by 21.9% during the 1st quarter. DAVENPORT & Co LLC now owns 1,169 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 210 shares in the last quarter. Finally, Jump Financial LLC acquired a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $526,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $189.43 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The company’s fifty day moving average price is $191.05 and its two-hundred day moving average price is $198.07. The firm has a market capitalization 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 12 month low of $180.40 and a 12 month high of $239.29.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The company had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. During the same quarter in the previous year, the firm 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 anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on AVB shares. Royal Bank Of Canada lowered their price target on shares of AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Morgan Stanley upgraded AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $228.00 to $225.00 in a report on Wednesday, August 13th. BNP Paribas cut AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Piper Sandler reiterated 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. Finally, Scotiabank reduced their target price on AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently 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.