AvalonBay Communities, Inc. $AVB Shares Sold by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in AvalonBay Communities, Inc. by 8.9%, holding 252,233 shares after selling 24,602 shares during the second quarter.
• AvalonBay Communities declared a quarterly dividend of $1.75 per share to be paid on October 15, which represents an annualized dividend of $7.00 and a yield of 3.6%.
• Analysts have adjusted their price targets for AvalonBay Communities, with an average target of $218.42 and ratings ranging from "Buy" to "Hold" among the leading firms.

Public Employees Retirement System of Ohio decreased its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 8.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 252,233 shares of the real estate investment trust's stock after selling 24,602 shares during the period. Public Employees Retirement System of Ohio owned about 0.18% of AvalonBay Communities worth $51,329,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Proathlete Wealth Management LLC acquired a new position in shares of AvalonBay Communities in the first quarter worth $29,000. Opal Wealth Advisors LLC acquired a new position in shares of AvalonBay Communities in the first quarter worth $33,000. Keystone Global Partners LLC purchased a new stake in shares of AvalonBay Communities during the 1st quarter worth $45,000. Zions Bancorporation National Association UT purchased a new stake in shares of AvalonBay Communities during the 1st quarter worth $50,000. Finally, Capital Analysts LLC lifted its position in shares of AvalonBay Communities by 48.5% during the 1st quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 80 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler reaffirmed a "neutral" rating and set a $200.00 price objective (down from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. UBS Group decreased their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. Wells Fargo & Company decreased their price objective 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. Mizuho reaffirmed a "neutral" rating and set a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Finally, Barclays decreased their price objective on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $218.42.

AvalonBay Communities Price Performance

Shares of AVB opened at $194.32 on Wednesday. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The stock has a market cap of $27.67 billion, a PE ratio of 23.93, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87. 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 firm has a fifty day moving average price of $193.53 and a 200 day moving average price of $201.16.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings results 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. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The firm had revenue of $689.90 million during the quarter, compared to analysts' expectations of $759.08 million. During the same period in the previous year, the company earned $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. As a group, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.6%. AvalonBay Communities's dividend payout ratio (DPR) is currently 86.21%.

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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