AvalonBay Communities, Inc. $AVB Shares Purchased by Aberdeen Group plc

Key Points

• Aberdeen Group plc has increased its stake in AvalonBay Communities, Inc. by 0.6%, owning 383,844 shares valued at $76.8 million by the end of the last quarter.
• Analysts' target prices for AvalonBay Communities have been revised downwards, with Piper Sandler setting a target of $200 and Wells Fargo lowering theirs to $213.
• AvalonBay Communities recently announced a quarterly dividend of $1.75 per share, reflecting an annualized yield of 3.8% and a payout ratio of 86.21%.

Aberdeen Group plc raised its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 383,844 shares of the real estate investment trust's stock after purchasing an additional 2,148 shares during the quarter. Aberdeen Group plc owned 0.27% of AvalonBay Communities worth $76,832,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Ramirez Asset Management Inc. grew its stake in AvalonBay Communities by 76.4% during the 2nd quarter. Ramirez Asset Management Inc. now owns 11,541 shares of the real estate investment trust's stock valued at $2,349,000 after purchasing an additional 5,000 shares in the last quarter. Callan Family Office LLC acquired a new stake in AvalonBay Communities during the 2nd quarter valued at approximately $481,000. Blair William & Co. IL grew its stake in AvalonBay Communities by 7.2% during the 2nd quarter. Blair William & Co. IL now owns 9,433 shares of the real estate investment trust's stock valued at $1,920,000 after purchasing an additional 634 shares in the last quarter. Tectonic Advisors LLC grew its stake in AvalonBay Communities by 11.3% during the 2nd quarter. Tectonic Advisors LLC now owns 2,362 shares of the real estate investment trust's stock valued at $481,000 after purchasing an additional 240 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in AvalonBay Communities during the 2nd quarter valued at approximately $19,617,000. Institutional investors and hedge funds own 92.61% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Piper Sandler reiterated a "neutral" rating and issued a $200.00 target price (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Wells Fargo & Company decreased their target price on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. BNP Paribas Exane lowered AvalonBay Communities from an "outperform" rating to a "neutral" rating in a research report on Monday, September 29th. Weiss Ratings reiterated a "hold (c+)" rating on shares of AvalonBay Communities in a research report on Saturday, September 27th. Finally, Scotiabank decreased their target price on 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. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, AvalonBay Communities presently has a consensus rating of "Hold" and an average target price of $217.46.

AvalonBay Communities Trading Down 0.7%

NYSE:AVB opened at $184.64 on Friday. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The firm has a market capitalization of $26.29 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.66 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50 day simple moving average of $191.17 and a 200 day simple moving average of $199.21.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings data 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. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The business had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. During the same quarter in the previous year, the firm 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. Equities research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 dividend on an annualized basis and a yield of 3.8%. AvalonBay Communities's payout ratio is currently 86.21%.

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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