96,400 Shares in AvalonBay Communities, Inc. $AVB Acquired by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. acquired 96,400 shares of AvalonBay Communities, Inc., representing a new investment valued at approximately $19.6 million.
• AvalonBay Communities recently posted quarterly earnings of $2.82 per share, which exceeded analysts' expectations of $2.80.
• The company declared a quarterly dividend of $1.75 per share, scheduled for payment on October 15th, reflecting an annualized dividend yield of 3.8%.

Vontobel Holding Ltd. bought a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 96,400 shares of the real estate investment trust's stock, valued at approximately $19,617,000. Vontobel Holding Ltd. owned about 0.07% of AvalonBay Communities as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Maryland State Retirement & Pension System lifted its stake in AvalonBay Communities by 4.2% during the second quarter. Maryland State Retirement & Pension System now owns 6,912 shares of the real estate investment trust's stock worth $1,407,000 after purchasing an additional 281 shares during the last quarter. Narwhal Capital Management lifted its stake in AvalonBay Communities by 36.4% during the second quarter. Narwhal Capital Management now owns 53,912 shares of the real estate investment trust's stock worth $10,971,000 after purchasing an additional 14,397 shares during the last quarter. Roundview Capital LLC lifted its stake in AvalonBay Communities by 2.7% during the second quarter. Roundview Capital LLC now owns 4,058 shares of the real estate investment trust's stock worth $826,000 after purchasing an additional 108 shares during the last quarter. SteelPeak Wealth LLC lifted its stake in AvalonBay Communities by 8.4% during the second quarter. SteelPeak Wealth LLC now owns 11,856 shares of the real estate investment trust's stock worth $2,433,000 after purchasing an additional 915 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its stake in AvalonBay Communities by 2.6% during the second quarter. QRG Capital Management Inc. now owns 15,983 shares of the real estate investment trust's stock worth $3,253,000 after purchasing an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Down 0.3%

AvalonBay Communities stock opened at $185.83 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. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The company has a market cap of $26.46 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 2.69 and a beta of 0.86. The stock's 50 day moving average price is $191.17 and its 200 day moving average price is $199.51.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share 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 firm had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. During the same period in the previous 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. On average, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $1.75 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.8%. AvalonBay Communities's payout ratio is 86.21%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AVB shares. UBS Group cut 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. Mizuho reaffirmed a "neutral" rating and set a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Wells Fargo & Company cut their price target on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 27th. Morgan Stanley upgraded AvalonBay Communities from an "equal weight" rating to an "overweight" rating and lowered their target price for the company from $228.00 to $225.00 in a research note on Wednesday, August 13th. Finally, Royal Bank Of Canada lowered their target price 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. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. Based on data from MarketBeat, AvalonBay Communities currently has a consensus rating of "Hold" and a consensus target price of $217.46.

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.

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