Czech National Bank Has $7.07 Million Stake in AvalonBay Communities, Inc. $AVB

Key Points

• The Czech National Bank has increased its holdings in AvalonBay Communities, Inc. by 6.5% in the second quarter, bringing its total shares to 34,756 worth approximately $7,073,000.
• Several institutional investors, including Vanguard Group and Price T Rowe Associates, have also expanded their stakes in AvalonBay Communities, indicating strong interest from major investors.
• AvalonBay recently announced a quarterly dividend of $1.75 per share, reflecting a dividend yield of 3.6% and a payout ratio of 86.21%.

Czech National Bank grew its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,756 shares of the real estate investment trust's stock after buying an additional 2,126 shares during the quarter. Czech National Bank's holdings in AvalonBay Communities were worth $7,073,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AVB. Proathlete Wealth Management LLC acquired a new position in AvalonBay Communities in the 1st quarter valued at $29,000. Opal Wealth Advisors LLC purchased a new stake in AvalonBay Communities during the first quarter worth approximately $33,000. Keystone Global Partners LLC acquired a new stake in AvalonBay Communities in the 1st quarter valued at $45,000. Zions Bancorporation National Association UT purchased a new stake in shares of AvalonBay Communities during the first quarter valued at approximately $50,000. Finally, Capital Analysts LLC increased its position in shares of AvalonBay Communities by 48.5% during the first quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust's stock worth $53,000 after acquiring an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Performance

Shares of NYSE AVB traded down $0.46 during trading hours on Friday, reaching $193.17. The stock had a trading volume of 1,878,908 shares, compared to its average volume of 761,469. The company has a market cap of $27.50 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.78 and a beta of 0.87. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The business's fifty day moving average is $193.81 and its two-hundred day moving average is $201.51. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70.

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 for the quarter, beating the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million for 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 in the previous 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. As a group, research analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

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 paid a $1.75 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.6%. AvalonBay Communities's payout ratio is currently 86.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AVB shares. Piper Sandler restated a "neutral" rating and issued a $200.00 target price (down previously from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and cut their price objective for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. Evercore ISI increased their price target on AvalonBay Communities from $212.00 to $216.00 and gave the stock an "in-line" rating in a research note on Monday, September 15th. UBS Group dropped their target price on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Finally, Scotiabank cut their price target on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $218.42.

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.