AvalonBay Communities, Inc. $AVB Stake Increased by Swedbank AB

Key Points

• Swedbank AB increased its stake in AvalonBay Communities, Inc. by 77.0% during the first quarter, acquiring an additional 26,797 shares worth approximately $13.2 million.
• Institutional investors currently own 92.61% of AvalonBay stock, with several funds establishing new positions in the first quarter.
• AvalonBay Communities’ recent earnings report posted an EPS of $2.82, exceeding expectations, with revenue of $689.9 million against estimates of $759.08 million.

Swedbank AB grew its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 77.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 61,588 shares of the real estate investment trust's stock after purchasing an additional 26,797 shares during the quarter. Swedbank AB's holdings in AvalonBay Communities were worth $13,218,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Voya Investment Management LLC grew its holdings in shares of AvalonBay Communities by 0.5% during the first quarter. Voya Investment Management LLC now owns 41,790 shares of the real estate investment trust's stock valued at $8,969,000 after purchasing an additional 202 shares during the last quarter. BROOKFIELD Corp ON grew its holdings in shares of AvalonBay Communities by 5.6% during the first quarter. BROOKFIELD Corp ON now owns 148,961 shares of the real estate investment trust's stock valued at $31,970,000 after purchasing an additional 7,867 shares during the last quarter. Invst LLC bought a new position in shares of AvalonBay Communities during the first quarter valued at approximately $725,000. Strs Ohio bought a new position in shares of AvalonBay Communities during the first quarter valued at approximately $30,453,000. Finally, Intrua Financial LLC grew its holdings in shares of AvalonBay Communities by 139.2% during the first quarter. Intrua Financial LLC now owns 3,181 shares of the real estate investment trust's stock valued at $683,000 after purchasing an additional 1,851 shares during the last quarter. 92.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AVB shares. Evercore ISI upped their target price on AvalonBay Communities from $212.00 to $216.00 and gave the company an "in-line" rating in a report on Monday. Barclays decreased their price objective on AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating for the company in a report on Tuesday, August 12th. JPMorgan Chase & Co. decreased their price objective on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a report on Tuesday, June 17th. Wells Fargo & Company decreased their price objective on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a report on Wednesday, August 27th. Finally, Piper Sandler reaffirmed 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. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $218.42.

AvalonBay Communities Price Performance

Shares of NYSE:AVB traded down $0.46 on Friday, reaching $193.17. 1,878,908 shares of the company traded hands, compared to its average volume of 761,469. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. The company's 50 day moving average is $193.81 and its 200-day moving average is $201.66. The stock has a market capitalization of $27.50 billion, a PE ratio of 23.79, a P/E/G ratio of 2.79 and a beta of 0.87. 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 EPS 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 company had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. During the same quarter in the prior year, the firm earned $2.77 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. As a group, analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 30th. AvalonBay Communities's dividend payout ratio is 86.21%.

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.