Vanderbilt University Acquires 1,900 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• Vanderbilt University increased its holdings in AvalonBay Communities by 23.2%, acquiring an additional 1,900 shares, and now owns a total of 10,102 shares worth $2,056,000.
• Recent analyst reports show a mix of ratings for AvalonBay Communities, with price targets ranging from $199.00 to $229.00, and a consensus rating of Hold.
• AvalonBay has announced a quarterly dividend of $1.75 per share, with an annualized dividend yield of 3.7%, to be paid on October 15th.

Vanderbilt University lifted its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 23.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,102 shares of the real estate investment trust's stock after acquiring an additional 1,900 shares during the period. Vanderbilt University's holdings in AvalonBay Communities were worth $2,056,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Perpetual Ltd grew its stake in shares of AvalonBay Communities by 0.5% in the 2nd quarter. Perpetual Ltd now owns 10,650 shares of the real estate investment trust's stock worth $2,167,000 after buying an additional 50 shares during the last quarter. CX Institutional grew its stake in shares of AvalonBay Communities by 6.3% in the 2nd quarter. CX Institutional now owns 973 shares of the real estate investment trust's stock worth $198,000 after buying an additional 58 shares during the last quarter. Golden State Equity Partners grew its stake in shares of AvalonBay Communities by 3.7% in the 1st quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust's stock worth $356,000 after buying an additional 60 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of AvalonBay Communities by 1.0% in the 1st quarter. Benjamin Edwards Inc. now owns 6,417 shares of the real estate investment trust's stock worth $1,377,000 after buying an additional 64 shares during the last quarter. Finally, Roundview Capital LLC grew its stake in shares of AvalonBay Communities by 1.7% in the 1st quarter. Roundview Capital LLC now owns 3,950 shares of the real estate investment trust's stock worth $848,000 after buying an additional 66 shares during the last quarter. Institutional investors own 92.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AVB shares. Barclays upped their price target on AvalonBay Communities from $228.00 to $229.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Royal Bank Of Canada cut their target price on AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Mizuho reiterated a "neutral" rating and set a $199.00 target price (down from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Wall Street Zen downgraded AvalonBay Communities from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. Finally, BNP Paribas downgraded AvalonBay Communities from a "strong-buy" rating to a "hold" rating in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, AvalonBay Communities has a consensus rating of "Hold" and a consensus price target of $217.46.

AvalonBay Communities Price Performance

NYSE AVB opened at $190.00 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The stock has a market cap of $27.05 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.76 and a beta of 0.86. The company's 50 day moving average is $192.13 and its two-hundred day moving average is $200.32.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $759.08 million. During the same period 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. As a group, research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.7%. 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.

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