Boston Trust Walden Corp Has $15.05 Million Stake in AvalonBay Communities, Inc. $AVB

Key Points

• Boston Trust Walden Corp owns a $15.05 million stake in AvalonBay Communities but has reduced its position by 2.1% in the second quarter.
• Several institutional investors have significantly increased their holdings in AvalonBay, with PGGM Investments boosting its share by 7,782.9% during the same period.
• AvalonBay Communities has announced a quarterly dividend of $1.75 per share, representing an annualized yield of 3.8%.

Boston Trust Walden Corp decreased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,963 shares of the real estate investment trust's stock after selling 1,579 shares during the quarter. Boston Trust Walden Corp owned approximately 0.05% of AvalonBay Communities worth $15,051,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AVB. Nuveen LLC acquired a new stake in shares of AvalonBay Communities during the 1st quarter valued at $280,226,000. PGGM Investments boosted its holdings in shares of AvalonBay Communities by 7,782.9% during the 2nd quarter. PGGM Investments now owns 478,966 shares of the real estate investment trust's stock valued at $97,470,000 after acquiring an additional 472,890 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of AvalonBay Communities by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust's stock valued at $1,184,712,000 after acquiring an additional 367,853 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of AvalonBay Communities by 3.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust's stock valued at $818,653,000 after acquiring an additional 143,646 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of AvalonBay Communities during the 1st quarter valued at $30,453,000. Institutional investors and hedge funds own 92.61% of the company's stock.

Analyst Ratings Changes

AVB has been the topic of several recent research reports. Barclays raised their price objective on AvalonBay Communities from $228.00 to $229.00 and gave the company an "equal weight" rating in a report on Tuesday, September 30th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of AvalonBay Communities in a report on Tuesday. JPMorgan Chase & Co. cut their target price on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a report on Tuesday, June 17th. BNP Paribas Exane downgraded shares of AvalonBay Communities from an "outperform" rating to a "neutral" rating in a research report on Monday, September 29th. Finally, UBS Group lowered their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $217.31.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $185.33 on Wednesday. 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 twelve month low of $180.40 and a twelve month high of $239.29. The company has a fifty day moving average of $191.19 and a 200-day moving average of $198.82. The firm has a market capitalization of $26.39 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.66 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The business had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. During the same period in the prior year, the firm 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th. AvalonBay Communities's payout ratio is presently 86.21%.

AvalonBay Communities 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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