Invst LLC Makes New Investment in AvalonBay Communities, Inc. $AVB

Key Points

• Invst LLC has acquired a new stake in AvalonBay Communities, Inc. worth approximately $725,000, consisting of 3,380 shares.
• Other institutional investors have also significantly increased their positions, with Strs Ohio acquiring a position valued at about $30.45 million during the same period.
• AvalonBay's quarterly earnings per share reached $2.82, exceeding analysts' expectations of $2.80, while revenue was reported at $689.90 million.

Invst LLC acquired a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 3,380 shares of the real estate investment trust's stock, valued at approximately $725,000.

Several other large investors have also recently added to or reduced their stakes in AVB. Vanguard Group Inc. grew its stake in shares of AvalonBay Communities by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 22,672,682 shares of the real estate investment trust's stock valued at $4,866,011,000 after purchasing an additional 96,790 shares during the period. Price T Rowe Associates Inc. MD boosted its position in AvalonBay Communities by 7.1% in 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 buying an additional 367,853 shares during the last quarter. JPMorgan Chase & Co. boosted its position in AvalonBay Communities by 3.9% in 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 buying an additional 143,646 shares during the last quarter. Northern Trust Corp boosted its position in AvalonBay Communities by 5.2% in the 1st quarter. Northern Trust Corp now owns 2,779,484 shares of the real estate investment trust's stock valued at $596,533,000 after buying an additional 136,741 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in shares of AvalonBay Communities by 4.2% in the 1st quarter. Wellington Management Group LLP now owns 2,594,073 shares of the real estate investment trust's stock valued at $556,740,000 after purchasing an additional 105,098 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on AVB shares. Barclays dropped their price objective on AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Evercore ISI lifted their price target on AvalonBay Communities from $212.00 to $216.00 and gave the company an "in-line" rating in a research note on Monday. UBS Group dropped their price target on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Wells Fargo & Company dropped their price target on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Finally, Truist Financial raised AvalonBay Communities from a "hold" rating to a "buy" rating and dropped their price target for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $218.42.

AvalonBay Communities Stock Performance

Shares of NYSE:AVB traded up $1.08 during trading on Thursday, reaching $193.62. 213,663 shares of the stock were exchanged, compared to its average volume of 816,435. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The firm has a market cap of $27.57 billion, a PE ratio of 23.84, a PEG ratio of 2.77 and a beta of 0.87. The stock has a 50-day moving average price of $194.16 and a 200-day moving average price of $202.11. 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 (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, beating the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million during the quarter, compared to analysts' expectations of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same period in the previous year, the company posted $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. Research analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company 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. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 30th. AvalonBay Communities's dividend payout ratio is presently 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.