Vanguard Personalized Indexing Management LLC Purchases 1,531 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in AvalonBay Communities by 11.5%, acquiring an additional 1,531 shares, bringing its total holdings to 14,796 shares valued at approximately $3,011,000.
• Analysts have mixed opinions on AvalonBay Communities, with BNP Paribas downgrading the stock from "strong-buy" to "hold" and the average price target set at $217.31.
• AvalonBay Communities reported a quarterly EPS of $2.82, slightly exceeding analysts' expectations, while the company has declared a quarterly dividend of $1.75 per share, yielding 3.8% annually.

Vanguard Personalized Indexing Management LLC boosted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 11.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,796 shares of the real estate investment trust's stock after buying an additional 1,531 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in AvalonBay Communities were worth $3,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of AVB. Achmea Investment Management B.V. boosted its position in shares of AvalonBay Communities by 33.5% during the 1st quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust's stock valued at $4,951,000 after acquiring an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in AvalonBay Communities by 4.9% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust's stock valued at $10,404,000 after purchasing an additional 2,243 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of AvalonBay Communities by 9.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust's stock valued at $73,938,000 after purchasing an additional 28,608 shares during the period. Figure 8 Investment Strategies LLC acquired a new position in shares of AvalonBay Communities in the 1st quarter worth approximately $1,272,000. Finally, DAVENPORT & Co LLC raised its holdings in shares of AvalonBay Communities by 21.9% in the 1st quarter. DAVENPORT & Co LLC now owns 1,169 shares of the real estate investment trust's stock worth $251,000 after buying an additional 210 shares in the last quarter. Institutional investors own 92.61% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BNP Paribas lowered AvalonBay Communities from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Wall Street Zen downgraded shares of AvalonBay Communities from a "hold" rating to a "sell" rating in a research note on Saturday, September 13th. 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 report on Monday, August 4th. Barclays increased their target price on shares of AvalonBay Communities from $228.00 to $229.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 30th. Finally, Wells Fargo & Company reduced their price target on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 27th. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $217.31.

AvalonBay Communities Trading Down 0.8%

AVB stock opened at $184.01 on Thursday. 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. The company has a market cap of $26.20 billion, a P/E ratio of 22.66, a PEG ratio of 2.68 and a beta of 0.86. The business has a fifty day moving average of $191.14 and a 200-day moving average of $198.72.

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, topping analysts' consensus estimates of $2.80 by $0.02. The firm had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same period last year, the company 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. As a group, equities research analysts expect 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. Investors of record on Tuesday, September 30th were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend 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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