Janney Montgomery Scott LLC Has $13.91 Million Holdings in AvalonBay Communities, Inc. $AVB

Key Points

• Janney Montgomery Scott LLC increased its holdings in AvalonBay Communities by 32.6%, owning 68,357 shares worth approximately $13.91 million as of the latest reporting period.
• AvalonBay Communities reported quarterly earnings of $2.82 per share, surpassing estimates, and set its FY 2025 guidance to be between 11.190-11.590 EPS.
• The company announced a quarterly dividend of $1.75, contributing to an annualized yield of 3.7%, with a high payout ratio of 86.21%.

Janney Montgomery Scott LLC lifted its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 32.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,357 shares of the real estate investment trust's stock after buying an additional 16,798 shares during the period. Janney Montgomery Scott LLC's holdings in AvalonBay Communities were worth $13,911,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC bought a new stake in AvalonBay Communities during the first quarter worth about $29,000. Opal Wealth Advisors LLC bought a new stake in AvalonBay Communities during the first quarter worth about $33,000. Sound Income Strategies LLC grew its stake in AvalonBay Communities by 76.4% during the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust's stock worth $38,000 after buying an additional 81 shares during the last quarter. Keystone Global Partners LLC bought a new stake in AvalonBay Communities during the first quarter worth about $45,000. Finally, Zions Bancorporation National Association UT bought a new stake in AvalonBay Communities during the first quarter worth about $50,000. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Trading Up 0.4%

Shares of NYSE AVB opened at $190.81 on Friday. The company's 50 day simple moving average is $191.91 and its 200 day simple moving average is $200.19. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. The firm has a market capitalization of $27.17 billion, a P/E ratio of 23.50, a P/E/G ratio of 2.74 and a beta of 0.86. 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 announced its quarterly earnings data 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. 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 business 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. On average, analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have weighed in on AVB shares. UBS Group decreased their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Morgan Stanley raised shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $228.00 to $225.00 in a research note on Wednesday, August 13th. Mizuho reissued a "neutral" rating and set a $199.00 price target (down from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Piper Sandler reissued a "neutral" rating and set a $200.00 price target (down from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. Finally, Cantor Fitzgerald initiated coverage on shares of AvalonBay Communities in a research note on Wednesday. They set a "neutral" rating and a $205.00 price target on the stock. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $217.46.

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.

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