Ascent Group LLC Invests $410,000 in AvalonBay Communities, Inc. $AVB

Key Points

• Ascent Group LLC has invested approximately $410,000 in AvalonBay Communities, acquiring 2,014 shares of the real estate investment trust during the second quarter.
• AvalonBay Communities recently posted $2.82 earnings per share, exceeding analysts' expectations, and is projecting FY 2025 guidance of 11.190-11.590 EPS.
• The company's quarterly dividend of $1.75 per share is set to be paid on October 15th, representing a 3.7% yield with a payout ratio of 86.21%.

Ascent Group LLC acquired a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,014 shares of the real estate investment trust's stock, valued at approximately $410,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Proathlete Wealth Management LLC bought a new position in shares of AvalonBay Communities in the first quarter worth about $29,000. Opal Wealth Advisors LLC purchased a new position in shares of AvalonBay Communities in the 1st quarter worth approximately $33,000. Sound Income Strategies LLC increased its position in shares of AvalonBay Communities by 76.4% during the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 81 shares during the last quarter. Keystone Global Partners LLC bought a new position in shares of AvalonBay Communities during the 1st quarter valued at approximately $45,000. Finally, Zions Bancorporation National Association UT bought a new position in shares of AvalonBay Communities during the 1st quarter valued at approximately $50,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Trading Down 0.1%

Shares of NYSE AVB opened at $187.48 on Wednesday. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. The stock has a fifty day simple moving average of $191.38 and a 200-day simple moving average of $199.80. The stock has a market capitalization of $26.69 billion, a PE ratio of 23.09, a PEG ratio of 2.70 and a beta of 0.86.

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, beating analysts' consensus estimates 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 return on equity of 9.70% and a net margin of 38.91%.During the same period last year, the business posted $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, equities analysts forecast 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. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.75 per share. The ex-dividend date is Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.7%. AvalonBay Communities's payout ratio is presently 86.21%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AVB. Morgan Stanley raised AvalonBay Communities from an "equal weight" rating to an "overweight" rating and cut their target price for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. BNP Paribas cut AvalonBay Communities from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Cantor Fitzgerald began coverage on AvalonBay Communities in a report on Wednesday, October 1st. They issued a "neutral" rating and a $205.00 target price for the company. JPMorgan Chase & Co. lowered their target price on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a report on Tuesday, June 17th. Finally, UBS Group reduced their target price 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. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $217.46.

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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