AvalonBay Communities, Inc. $AVB Position Raised by TD Asset Management Inc

Key Points

• TD Asset Management Inc has increased its stake in AvalonBay Communities by 16.3%, now holding approximately 99,296 shares valued at about $20.2 million.
• AvalonBay Communities reported $2.82 earnings per share for the last quarter, slightly exceeding analysts' estimates, and has set its fiscal year 2025 EPS guidance between $11.190 and $11.590.
• The company announced a quarterly dividend of $1.75 per share, reflecting a 3.7% yield and a payout ratio of 86.21%.

TD Asset Management Inc grew its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 16.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 99,296 shares of the real estate investment trust's stock after acquiring an additional 13,905 shares during the quarter. TD Asset Management Inc owned about 0.07% of AvalonBay Communities worth $20,207,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Naviter Wealth LLC lifted its position in AvalonBay Communities by 8.3% in the 2nd quarter. Naviter Wealth LLC now owns 11,094 shares of the real estate investment trust's stock valued at $2,277,000 after purchasing an additional 853 shares during the last quarter. Axxcess Wealth Management LLC increased its stake in shares of AvalonBay Communities by 23.8% in the second quarter. Axxcess Wealth Management LLC now owns 2,597 shares of the real estate investment trust's stock valued at $529,000 after purchasing an additional 499 shares during the period. NorthRock Partners LLC increased its stake in shares of AvalonBay Communities by 12.4% in the second quarter. NorthRock Partners LLC now owns 1,211 shares of the real estate investment trust's stock valued at $248,000 after purchasing an additional 134 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of AvalonBay Communities by 105.9% during the second quarter. Sequoia Financial Advisors LLC now owns 5,676 shares of the real estate investment trust's stock valued at $1,155,000 after buying an additional 2,919 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its position in shares of AvalonBay Communities by 0.8% during the second quarter. Yousif Capital Management LLC now owns 26,633 shares of the real estate investment trust's stock worth $5,420,000 after buying an additional 207 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.

AvalonBay Communities Stock Up 1.3%

Shares of AVB stock opened at $186.92 on Friday. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. The business's fifty day moving average is $191.07 and its 200-day moving average is $198.32. The stock has a market cap of $26.61 billion, a PE ratio of 23.02, a price-to-earnings-growth ratio of 2.66 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million during the quarter, compared to analysts' expectations of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same quarter 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. Equities analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.7%. AvalonBay Communities's dividend payout ratio is currently 86.21%.

Analyst Upgrades and Downgrades

AVB has been the topic of several analyst reports. Piper Sandler restated a "neutral" rating and issued a $200.00 target price (down from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Scotiabank lowered their price target on AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $228.00 to $225.00 in a research note on Wednesday, August 13th. Wells Fargo & Company decreased their target price on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. Finally, UBS Group dropped their price target on shares of 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 equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $217.31.

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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