Stephens Inc. AR Buys 24,909 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• Stephens Inc. AR significantly increased its stake in AvalonBay Communities by 1,199.9% during the second quarter, acquiring an additional 24,909 shares, bringing its total ownership to 26,985 shares valued at approximately $5.49 million.
• AvalonBay reported $2.82 earnings per share for the latest quarter, exceeding expectations, with a net margin of 38.91% and set FY 2025 guidance at an EPS of 11.190-11.590.
• The company announced a quarterly dividend of $1.75, reflecting an annualized dividend yield of 3.7%, with a current dividend payout ratio of 86.21%.

Stephens Inc. AR grew its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 1,199.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,985 shares of the real estate investment trust's stock after purchasing an additional 24,909 shares during the quarter. Stephens Inc. AR's holdings in AvalonBay Communities were worth $5,491,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sound Income Strategies LLC increased its position 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 acquiring an additional 81 shares during the period. Keystone Global Partners LLC bought a new stake in shares of AvalonBay Communities during the 1st quarter valued at approximately $45,000. Zions Bancorporation National Association UT bought a new stake in shares of AvalonBay Communities during the 1st quarter valued at approximately $50,000. Capital Analysts LLC grew its holdings in shares of AvalonBay Communities by 48.5% during the 1st quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust's stock valued at $53,000 after purchasing an additional 80 shares during the last quarter. Finally, Hilltop National Bank bought a new stake in shares of AvalonBay Communities during the 2nd quarter valued at approximately $58,000. 92.61% of the stock is owned by institutional investors.

AvalonBay Communities Stock Performance

AVB opened at $187.24 on Wednesday. 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's fifty day moving average price is $191.11 and its two-hundred day moving average price is $198.04. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The company has a market cap of $26.66 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 2.70 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping 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 firm had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. During the same quarter in the prior 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. On average, analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Truist Financial upgraded shares of AvalonBay Communities from a "hold" rating to a "buy" rating and cut their target price for the stock from $224.00 to $218.00 in a research report on Thursday, September 11th. Mizuho restated a "neutral" rating and issued a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Piper Sandler reiterated a "neutral" rating and set a $200.00 target price (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. BNP Paribas downgraded shares of AvalonBay Communities from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of AvalonBay Communities in a research report on Tuesday, October 14th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $217.31.

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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