Lbp Am Sa Sells 16,584 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• Lbp Am Sa reduced its stake in AvalonBay Communities by 31.9%, selling 16,584 shares in the 2nd quarter, leaving it with 35,446 shares valued at $7.21 million.
• AvalonBay Communities reported $2.82 earnings per share for the last quarter, surpassing estimates, and set its FY 2025 EPS guidance between 11.190-11.590.
• The company has announced a quarterly dividend of $1.75 per share, representing a yield of 3.7% based on its annualized rate.

Lbp Am Sa trimmed its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 31.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,446 shares of the real estate investment trust's stock after selling 16,584 shares during the quarter. Lbp Am Sa's holdings in AvalonBay Communities were worth $7,213,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Achmea Investment Management B.V. grew its position in AvalonBay Communities by 33.5% during the 1st quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust's stock worth $4,951,000 after acquiring an additional 5,791 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of AvalonBay Communities by 4.9% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust's stock worth $10,404,000 after buying an additional 2,243 shares during the last quarter. Vert Asset Management LLC grew its position in shares of AvalonBay Communities by 5.0% in the 1st quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust's stock worth $14,307,000 after buying an additional 3,199 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of AvalonBay Communities by 9.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust's stock worth $73,938,000 after buying an additional 28,608 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC bought a new stake in shares of AvalonBay Communities in the 1st quarter worth approximately $1,272,000. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Trading Down 0.8%

NYSE AVB opened at $191.56 on Thursday. 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 twelve month low of $180.40 and a twelve month high of $239.29. The firm has a market capitalization of $27.27 billion, a PE ratio of 23.59, a P/E/G ratio of 2.78 and a beta of 0.86. The stock's 50 day moving average is $192.36 and its 200 day moving average is $200.47.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly 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. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The company had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. 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 forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business 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. This represents a $7.00 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 30th. AvalonBay Communities's payout ratio is 86.21%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AVB shares. Evercore ISI lifted their price objective on AvalonBay Communities from $212.00 to $216.00 and gave the stock an "in-line" rating in a research report on Monday, September 15th. Royal Bank Of Canada cut their price objective on AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. UBS Group cut their price objective on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Cantor Fitzgerald started coverage on AvalonBay Communities in a research report on Wednesday. They issued a "neutral" rating and a $205.00 price objective on the stock. Finally, BNP Paribas lowered AvalonBay Communities from a "strong-buy" rating to a "hold" rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, AvalonBay Communities presently has a consensus rating of "Hold" and an average price target 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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