AvalonBay Communities, Inc. (NYSE:AVB) Given Average Rating of "Hold" by Brokerages

Key Points

• AvalonBay Communities, Inc. (NYSE:AVB) has received a consensus rating of "Hold" from fourteen brokerages, with nine analysts recommending hold and five suggesting buy.
• The company recently announced a quarterly dividend of $1.75 per share, representing an annualized dividend of $7.00 and a dividend yield of 3.6%.
• AvalonBay Communities reported quarterly earnings of $2.82 per share, surpassing analysts' expectations, but its revenue was below projections at $689.90 million.

Shares of AvalonBay Communities, Inc. (NYSE:AVB - Get Free Report) have earned a consensus recommendation of "Hold" from the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $218.4167.

A number of research firms have commented on AVB. Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and reduced their price target for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. Barclays reduced their target price on AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Scotiabank dropped their price target on AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. Royal Bank Of Canada reduced their price objective on AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Finally, UBS Group lowered their target price 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.

AvalonBay Communities Stock Performance

Shares of NYSE:AVB opened at $193.49 on Tuesday. 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 business's fifty day moving average price is $192.83 and its two-hundred day moving average price is $200.58. AvalonBay Communities has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. The stock has a market capitalization of $27.55 billion, a price-to-earnings ratio of 23.83, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.80 by $0.02. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The company had revenue of $689.90 million during the quarter, compared to analysts' expectations of $759.08 million. During the same period last year, the business earned $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, analysts predict that AvalonBay Communities will post 11.48 EPS 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. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 30th. AvalonBay Communities's dividend payout ratio is presently 86.21%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Proathlete Wealth Management LLC bought a new position in AvalonBay Communities in the 1st quarter valued at $29,000. Opal Wealth Advisors LLC acquired a new position in shares of AvalonBay Communities during the first quarter valued at $33,000. Clearstead Trust LLC boosted its holdings in AvalonBay Communities by 62.0% in the second quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 62 shares during the last quarter. Headlands Technologies LLC acquired a new stake in AvalonBay Communities in the second quarter worth about $36,000. Finally, Sound Income Strategies LLC increased its position in AvalonBay Communities by 76.4% in the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 81 shares during the period. Institutional investors own 92.61% of the company's stock.

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.

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