IFM Investors Pty Ltd Sells 3,854 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• IFM Investors Pty Ltd reduced its holdings in AvalonBay Communities by 6.9%, now owning 51,848 shares worth approximately $10.55 million.
• AvalonBay Communities reported $2.82 EPS for the last quarter, exceeding estimates and setting FY 2025 guidance between 11.190-11.590 EPS.
• The company declared a quarterly dividend of $1.75 per share, equating to an annualized dividend of $7.00 with a yield of 3.6%.

IFM Investors Pty Ltd trimmed its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 6.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,848 shares of the real estate investment trust's stock after selling 3,854 shares during the quarter. IFM Investors Pty Ltd's holdings in AvalonBay Communities were worth $10,551,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVB. Achmea Investment Management B.V. lifted its stake in shares of AvalonBay Communities by 33.5% during the 1st quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust's stock valued at $4,951,000 after buying an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of AvalonBay Communities by 4.9% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust's stock valued at $10,404,000 after buying an additional 2,243 shares in the last quarter. Vert Asset Management LLC lifted its stake in shares of AvalonBay Communities by 5.0% during the 1st quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust's stock valued at $14,307,000 after buying an additional 3,199 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of AvalonBay Communities by 9.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust's stock valued at $73,938,000 after buying an additional 28,608 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in shares of AvalonBay Communities during the 4th quarter valued at approximately $568,000. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

AvalonBay Communities Stock Up 0.4%

NYSE:AVB traded up $0.78 on Tuesday, reaching $193.79. 130,096 shares of the stock traded hands, compared to its average volume of 822,864. The company has a market capitalization of $27.59 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 2.78 and a beta of 0.87. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The company's fifty day simple moving average is $193.63 and its 200 day simple moving average is $201.21.

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 for the quarter, beating analysts' consensus estimates of $2.80 by $0.02. The business had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same period last year, the business earned $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 analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 3.6%. AvalonBay Communities's payout ratio is currently 86.21%.

Analyst Ratings Changes

AVB has been the topic of several recent analyst reports. Wall Street Zen cut shares of AvalonBay Communities from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Truist Financial upgraded shares of AvalonBay Communities from a "hold" rating to a "buy" rating and lowered their target price for the stock from $224.00 to $218.00 in a research note on Thursday, September 11th. Wells Fargo & Company lowered their target price on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Evercore ISI increased their price target on shares of AvalonBay Communities from $212.00 to $216.00 and gave the stock an "in-line" rating in a report on Monday, September 15th. Finally, Barclays decreased their price target on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $218.42.

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.