Armstrong Advisory Group Inc. Makes New Investment in AvalonBay Communities, Inc. $AVB

Key Points

• Armstrong Advisory Group Inc. acquired 4,558 shares of AvalonBay Communities, valued at approximately $928,000, marking a new investment in the real estate investment trust.
• AvalonBay Communities reported a quarterly EPS of $2.82, surpassing analysts' expectations, and set its FY 2025 EPS guidance between 11.190 and 11.590.
• The company announced a quarterly dividend of $1.75 per share, representing an annualized yield of 3.6%, with a payout ratio of 86.21%.

Armstrong Advisory Group Inc. purchased a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,558 shares of the real estate investment trust's stock, valued at approximately $928,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Achmea Investment Management B.V. lifted its holdings in 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 boosted its position in shares of AvalonBay Communities by 4.9% in the 1st 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 during the period. Vert Asset Management LLC boosted its position in shares of AvalonBay Communities by 5.0% in the first quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust's stock worth $14,307,000 after buying an additional 3,199 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in AvalonBay Communities by 9.1% during 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. Finally, GF Fund Management CO. LTD. acquired a new stake in AvalonBay Communities during the fourth quarter valued at $568,000. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Up 0.1%

Shares of AVB stock traded up $0.25 on Monday, reaching $193.21. 1,079,515 shares of the company were exchanged, compared to its average volume of 794,830. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29. The company has a market cap of $27.51 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.78 and a beta of 0.87. The company has a 50-day moving average of $193.63 and a 200-day moving average of $201.21.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.02. The company had revenue of $689.90 million for 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 in the prior year, the business posted $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. Analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, September 30th. AvalonBay Communities's dividend payout ratio (DPR) is presently 86.21%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Truist Financial raised AvalonBay Communities from a "hold" rating to a "buy" rating and cut their price objective for the stock from $224.00 to $218.00 in a research report on Thursday, September 11th. Wall Street Zen downgraded AvalonBay Communities from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Mizuho reaffirmed a "neutral" rating and set a $199.00 price objective (down previously from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Scotiabank decreased their price objective 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. Finally, Barclays reduced their price objective on AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $218.42.

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.