J. Safra Sarasin Holding AG Purchases 4,645 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• J. Safra Sarasin Holding AG increased its stake in AvalonBay Communities, Inc. by 107.5%, acquiring an additional 4,645 shares, bringing its total holdings to approximately $1.824 million.
• AvalonBay Communities reported a quarterly earnings per share of $2.82, slightly exceeding analysts' estimates, but its revenue fell short of expectations at $689.90 million.
• The company announced a quarterly dividend of $1.75 per share, with a dividend yield of 3.7%, to be paid on October 15th.

J. Safra Sarasin Holding AG raised its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 107.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,964 shares of the real estate investment trust's stock after purchasing an additional 4,645 shares during the period. J. Safra Sarasin Holding AG's holdings in AvalonBay Communities were worth $1,824,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Proathlete Wealth Management LLC acquired a new stake in AvalonBay Communities during the 1st quarter worth $29,000. Opal Wealth Advisors LLC bought a new stake in shares of AvalonBay Communities in the first quarter worth about $33,000. Sound Income Strategies LLC increased its holdings in shares of AvalonBay Communities by 76.4% in the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 81 shares in the last quarter. Keystone Global Partners LLC bought a new stake in shares of AvalonBay Communities in the first quarter worth about $45,000. Finally, Zions Bancorporation National Association UT acquired a new stake in AvalonBay Communities during the 1st quarter worth approximately $50,000. Institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Up 0.4%

AvalonBay Communities stock opened at $190.81 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a fifty day simple moving average of $191.91 and a 200 day simple moving average of $200.19. The company has a market cap of $27.17 billion, a P/E ratio of 23.50, a price-to-earnings-growth ratio of 2.74 and a beta of 0.86. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted 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 return on equity of 9.70% and a net margin of 38.91%.The firm had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. During the same period last 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. Research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, September 30th. AvalonBay Communities's payout ratio is currently 86.21%.

Analyst Ratings Changes

Several analysts have commented on AVB shares. Royal Bank Of Canada dropped their target price on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Wall Street Zen downgraded shares of AvalonBay Communities from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. UBS Group lowered their target price on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Morgan Stanley upgraded AvalonBay Communities from an "equal weight" rating to an "overweight" rating and lowered their target price for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Finally, Truist Financial upgraded AvalonBay Communities from a "hold" rating to a "buy" rating and decreased their price objective for the stock from $224.00 to $218.00 in a report on Thursday, September 11th. 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, AvalonBay Communities has a consensus rating of "Hold" and an average target price of $217.46.

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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