1,625 Shares in AvalonBay Communities, Inc. $AVB Acquired by Lewis Asset Management LLC

Key Points

• Lewis Asset Management LLC acquired 1,625 shares of AvalonBay Communities, valued at approximately $331,000, marking a new position in the company's stock during the 2nd quarter.
• AvalonBay Communities reported $2.82 EPS for the last quarter, exceeding analysts' estimates, while their revenue was $689.90 million, lower than expected.
• The company announced a quarterly dividend of $1.75 per share, resulting in an annualized yield of 3.6%, with the payout ratio at 86.21%.

Lewis Asset Management LLC bought a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,625 shares of the real estate investment trust's stock, valued at approximately $331,000.

Several other large investors have also recently bought and sold shares of AVB. CX Institutional raised its position in shares of AvalonBay Communities by 6.3% in the 2nd quarter. CX Institutional now owns 973 shares of the real estate investment trust's stock worth $198,000 after purchasing an additional 58 shares during the last quarter. Global X Japan Co. Ltd. increased its stake in shares of AvalonBay Communities by 23.5% during the second quarter. Global X Japan Co. Ltd. now owns 458 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 87 shares during the period. Perpetual Ltd increased its position in shares of AvalonBay Communities by 0.5% during the second quarter. Perpetual Ltd now owns 10,650 shares of the real estate investment trust's stock worth $2,167,000 after purchasing an additional 50 shares in the last quarter. Ferguson Wellman Capital Management Inc. raised its stake in shares of AvalonBay Communities by 1.8% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 256,151 shares of the real estate investment trust's stock worth $52,127,000 after purchasing an additional 4,558 shares during the last quarter. Finally, Baker Tilly Wealth Management LLC lifted its position in shares of AvalonBay Communities by 8.5% during the 2nd quarter. Baker Tilly Wealth Management LLC now owns 3,524 shares of the real estate investment trust's stock valued at $717,000 after buying an additional 277 shares in the last quarter. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Stock Up 0.1%

AVB stock traded up $0.25 on Monday, reaching $193.21. 1,079,515 shares of the company traded hands, compared to its average volume of 794,830. The company has a market cap of $27.51 billion, a P/E ratio of 23.79, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29. 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 firm has a fifty day simple moving average of $193.63 and a 200-day simple moving average of $201.21.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.02. The firm had revenue of $689.90 million during the quarter, compared to analyst estimates 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 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. Research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $1.75 dividend. 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 (DPR) is 86.21%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AVB shares. Wells Fargo & Company dropped their price target on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Evercore ISI upped their target price on AvalonBay Communities from $212.00 to $216.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. JPMorgan Chase & Co. dropped 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. UBS Group lowered their price target on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Finally, Truist Financial raised AvalonBay Communities from a "hold" rating to a "buy" rating and dropped their price target for the stock from $224.00 to $218.00 in a research report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $218.42.

AvalonBay Communities Company 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.