S Bank Fund Management Ltd Invests $1.28 Million in AvalonBay Communities, Inc. $AVB

Key Points

• S Bank Fund Management Ltd has invested approximately $1.28 million in AvalonBay Communities by acquiring 6,289 shares, highlighting increased interest from institutional investors.
• Analyst ratings for AvalonBay Communities show a mix of upgrades and downgrades, with the average price target now at $217.31 and a consensus rating of "Hold."
• AvalonBay Communities recently announced a quarterly dividend of $1.75 per share, representing a 3.8% yield, with a payout ratio of 86.21%.

S Bank Fund Management Ltd acquired a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,289 shares of the real estate investment trust's stock, valued at approximately $1,280,000.

Other large investors have also bought and sold shares of the company. Proathlete Wealth Management LLC acquired a new stake in AvalonBay Communities in the first quarter worth $29,000. Sound Income Strategies LLC grew its holdings in 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 purchasing an additional 81 shares during the period. Keystone Global Partners LLC acquired a new stake in AvalonBay Communities in the first quarter worth $45,000. Zions Bancorporation National Association UT acquired a new stake in AvalonBay Communities in the first quarter worth $50,000. Finally, Capital Analysts LLC grew its holdings in shares of AvalonBay Communities by 48.5% during the first quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust's stock valued at $53,000 after buying an additional 80 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AVB shares. UBS Group reduced their price objective on shares of 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 shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and decreased their price objective for the company from $228.00 to $225.00 in a research note on Wednesday, August 13th. Wells Fargo & Company decreased their price objective on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Piper Sandler reiterated a "neutral" rating and issued a $200.00 price objective (down previously from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. Finally, Mizuho reiterated a "neutral" rating and issued a $199.00 price objective (down previously from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $217.31.

AvalonBay Communities Stock Performance

NYSE AVB opened at $184.01 on Thursday. The company's 50 day moving average is $191.14 and its 200-day moving average is $198.72. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The firm has a market cap of $26.20 billion, a P/E ratio of 22.66, a price-to-earnings-growth ratio of 2.68 and a beta of 0.86.

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 (EPS) 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 company had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. During the same quarter in the previous year, the firm 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. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.8%. AvalonBay Communities's payout ratio is currently 86.21%.

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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