DekaBank Deutsche Girozentrale Sells 1,790 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• DekaBank Deutsche Girozentrale reduced its stake in AvalonBay Communities by 1.8%, selling 1,790 shares during the second quarter, leaving it with a total of 98,544 shares valued at approximately $20 million.
• AvalonBay Communities reported $2.82 earnings per share for the last quarter, exceeding analysts' expectations, and announced a quarterly dividend of $1.75 per share, yielding 3.7% annually.
• The stock saw a 1.1% increase on recent trading days, with an average target price set at $217.31 and a consensus rating of "Hold" from analysts.

DekaBank Deutsche Girozentrale lessened its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 1.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,544 shares of the real estate investment trust's stock after selling 1,790 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.07% of AvalonBay Communities worth $20,020,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Stephens Inc. AR increased its holdings in AvalonBay Communities by 1,199.9% in the 2nd quarter. Stephens Inc. AR now owns 26,985 shares of the real estate investment trust's stock valued at $5,491,000 after buying an additional 24,909 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in AvalonBay Communities in the 2nd quarter valued at $27,627,000. Spirit of America Management Corp NY increased its holdings in AvalonBay Communities by 2.4% in the 2nd quarter. Spirit of America Management Corp NY now owns 17,290 shares of the real estate investment trust's stock valued at $3,519,000 after buying an additional 400 shares during the period. Stanley Laman Group Ltd. increased its holdings in AvalonBay Communities by 16.9% in the 2nd quarter. Stanley Laman Group Ltd. now owns 1,240 shares of the real estate investment trust's stock valued at $252,000 after buying an additional 179 shares during the period. Finally, Chevy Chase Trust Holdings LLC increased its holdings in AvalonBay Communities by 0.7% in the 2nd quarter. Chevy Chase Trust Holdings LLC now owns 75,807 shares of the real estate investment trust's stock valued at $15,427,000 after buying an additional 539 shares during the period. Institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Up 1.1%

Shares of NYSE AVB opened at $189.18 on Thursday. The firm's 50-day simple moving average is $191.07 and its 200 day simple moving average is $197.97. The company has a market cap of $26.93 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86. 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 12-month low of $180.40 and a 12-month high of $239.29.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly 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. The business had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same quarter in the prior year, the company 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. On average, research analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $1.75 per share. The ex-dividend date was Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.7%. AvalonBay Communities's dividend payout ratio is 86.21%.

Analyst Ratings Changes

AVB has been the topic of several analyst reports. Wall Street Zen lowered shares of AvalonBay Communities from a "hold" rating to a "sell" rating in a report on Saturday, September 13th. Barclays upped their target price on shares of AvalonBay Communities from $228.00 to $229.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 30th. UBS Group lowered their target price on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Cantor Fitzgerald initiated coverage on shares of AvalonBay Communities in a report on Wednesday, October 1st. They issued a "neutral" rating and a $205.00 target price on the stock. Finally, Scotiabank lowered their target price on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $217.31.

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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