Twin Tree Management LP Acquires 9,436 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• Twin Tree Management LP increased its stake in AvalonBay Communities by 285.2%, acquiring an additional 9,436 shares during the 2nd quarter, bringing its total holdings to 12,744 shares, valued at approximately $2.6 million.
• Several institutional investors are actively acquiring shares of AvalonBay Communities, with Nuveen LLC making a significant new stake valued at about $280 million in the 1st quarter.
• Analysts have varied opinions on AvalonBay's stock, with a consensus target price of $217.31 and ratings ranging from "Buy" to "Hold," reflecting a cautious outlook.

Twin Tree Management LP boosted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 285.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,744 shares of the real estate investment trust's stock after acquiring an additional 9,436 shares during the period. Twin Tree Management LP's holdings in AvalonBay Communities were worth $2,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVB. Nuveen LLC acquired a new stake in shares of AvalonBay Communities in the 1st quarter valued at about $280,226,000. PGGM Investments raised its stake in shares of AvalonBay Communities by 7,782.9% in the 2nd quarter. PGGM Investments now owns 478,966 shares of the real estate investment trust's stock valued at $97,470,000 after purchasing an additional 472,890 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of AvalonBay Communities by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust's stock valued at $1,184,712,000 after purchasing an additional 367,853 shares during the period. JPMorgan Chase & Co. raised its stake in shares of AvalonBay Communities by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust's stock valued at $818,653,000 after purchasing an additional 143,646 shares during the period. Finally, Strs Ohio acquired a new stake in shares of AvalonBay Communities in the 1st quarter valued at about $30,453,000. 92.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AVB. Cantor Fitzgerald began coverage on AvalonBay Communities in a research note on Wednesday, October 1st. They issued a "neutral" rating and a $205.00 price target on the stock. Barclays lifted their target price on AvalonBay Communities from $228.00 to $229.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 30th. Scotiabank lowered their target price on AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Piper Sandler reaffirmed a "neutral" rating and issued a $200.00 target price (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Finally, Mizuho reaffirmed a "neutral" rating and issued a $199.00 target price (down previously from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $217.31.

AvalonBay Communities Price Performance

Shares of NYSE AVB opened at $184.33 on Friday. The business's 50 day moving average price is $191.06 and its two-hundred day moving average price is $198.51. The company has a market cap of $26.24 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 2.65 and a beta of 0.86. 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.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.02. The firm had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same quarter in the previous year, the business earned $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 Announces Dividend

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