Sequoia Financial Advisors LLC raised its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 105.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,676 shares of the real estate investment trust's stock after acquiring an additional 2,919 shares during the period. Sequoia Financial Advisors LLC's holdings in AvalonBay Communities were worth $1,155,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of the business. Proathlete Wealth Management LLC purchased a new stake in shares of AvalonBay Communities in the 1st quarter valued at approximately $29,000. Sound Income Strategies LLC grew its stake in shares of AvalonBay Communities by 76.4% in the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust's stock valued at $38,000 after buying an additional 81 shares during the period. Keystone Global Partners LLC purchased a new stake in shares of AvalonBay Communities in the 1st quarter valued at approximately $45,000. Zions Bancorporation National Association UT purchased a new stake in shares of AvalonBay Communities in the 1st quarter valued at approximately $50,000. Finally, Capital Analysts LLC grew its stake in shares of AvalonBay Communities by 48.5% in the 1st quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.
AvalonBay Communities Stock Performance
Shares of AVB stock opened at $186.92 on Friday. The firm has a 50 day moving average of $191.07 and a two-hundred day moving average of $198.32. The stock has a market capitalization of $26.61 billion, a PE ratio of 23.02, a P/E/G ratio of 2.66 and a beta of 0.86. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29.
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 EPS for the quarter, topping the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million during the quarter, compared to the consensus estimate 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 previous year, the firm 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, research 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 was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $1.75 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $7.00 annualized dividend and a dividend yield of 3.7%. AvalonBay Communities's payout ratio is 86.21%.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. Evercore ISI dropped their price target on shares of AvalonBay Communities from $216.00 to $214.00 and set an "in-line" rating for the company in a research note on Monday, October 13th. UBS Group dropped their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Mizuho reissued a "neutral" rating and issued a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Scotiabank lowered their price objective on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada lowered their price objective on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, AvalonBay Communities has an average rating of "Hold" and a consensus target price of $217.31.
Check Out Our Latest Research Report on AvalonBay Communities
AvalonBay Communities Company Profile
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Free Report)
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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