AvalonBay Communities (NYSE:AVB) Releases Quarterly Earnings Results

Key Points

• AvalonBay Communities reported quarterly earnings of $2.82 per share, exceeding expectations by $0.03, and updated its FY 2025 EPS guidance to 11.190-11.590.
• Shares of AvalonBay Communities decreased by 3.3% to $196.36 amid increased trading volume, with a market cap of $27.96 billion.
• The company declared a quarterly dividend of $1.75, leading to a 3.56% yield, with an 87.17% dividend payout ratio.

AvalonBay Communities (NYSE:AVB - Get Free Report) released its quarterly earnings data on Wednesday. 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, Zacks reports. The firm 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 last year, the business posted $2.77 earnings per share. AvalonBay Communities updated its FY 2025 guidance to 11.190-11.590 EPS and its Q3 2025 guidance to 2.750-2.850 EPS.

AvalonBay Communities Trading Down 1.0%

Shares of NYSE AVB traded down $1.93 during mid-day trading on Friday, reaching $184.35. The company had a trading volume of 1,833,601 shares, compared to its average volume of 670,314. The business's 50-day moving average is $202.91 and its 200-day moving average is $208.48. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.71. The stock has a market cap of $26.25 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 2.51 and a beta of 0.86. AvalonBay Communities has a 52 week low of $180.40 and a 52 week high of $239.29.

AvalonBay Communities Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $1.75 dividend. The ex-dividend date was Monday, June 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.8%. AvalonBay Communities's dividend payout ratio is presently 86.21%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on AVB shares. Barclays lifted their price objective on shares of AvalonBay Communities from $240.00 to $241.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday. Morgan Stanley lifted their price objective on shares of AvalonBay Communities from $226.00 to $228.00 and gave the company an "equal weight" rating in a research report on Thursday, May 15th. BMO Capital Markets downgraded shares of AvalonBay Communities from an "outperform" rating to a "market perform" rating and set a $220.00 price target on the stock. in a research note on Friday, April 4th. Finally, JPMorgan Chase & Co. decreased their price target 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. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, AvalonBay Communities has an average rating of "Hold" and an average price target of $234.43.

Insider Transactions at AvalonBay Communities

In other news, EVP Edward M. Schulman sold 5,945 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $205.67, for a total value of $1,222,708.15. Following the transaction, the executive vice president directly owned 17,617 shares in the company, valued at approximately $3,623,288.39. This represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kevin P. O'shea sold 6,000 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the completion of the transaction, the chief financial officer owned 22,782 shares in the company, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company's stock.

Institutional Trading of AvalonBay Communities

A hedge fund recently raised its stake in AvalonBay Communities stock. Empowered Funds LLC increased its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 5.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,723 shares of the real estate investment trust's stock after acquiring an additional 148 shares during the quarter. Empowered Funds LLC's holdings in AvalonBay Communities were worth $584,000 as of its most recent SEC filing. 92.61% of the stock is owned by 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.