Vert Asset Management LLC Cuts Stock Holdings in AvalonBay Communities, Inc. $AVB

Key Points

• Vert Asset Management LLC reduced its stake in AvalonBay Communities by 5.7%, now holding 62,841 shares valued at approximately $12.8 million, making it their 9th largest position.
• Several institutional investors have increased their positions in AvalonBay, with PGGM Investments enhancing its stake by 7,782.9% during the second quarter, now owning 478,966 shares valued at $97.47 million.
• AvalonBay Communities has declared a quarterly dividend of $1.75, yielding 3.7%, with the payout ratio standing at 86.21%.

Vert Asset Management LLC reduced its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 5.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,841 shares of the real estate investment trust's stock after selling 3,819 shares during the quarter. AvalonBay Communities accounts for 4.7% of Vert Asset Management LLC's portfolio, making the stock its 9th largest position. Vert Asset Management LLC's holdings in AvalonBay Communities were worth $12,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Trust Co. of Vermont lifted its position in AvalonBay Communities by 331.5% in the 2nd quarter. Trust Co. of Vermont now owns 315 shares of the real estate investment trust's stock valued at $64,000 after acquiring an additional 242 shares in the last quarter. PFG Investments LLC increased its stake in AvalonBay Communities by 8.0% in the 2nd quarter. PFG Investments LLC now owns 1,395 shares of the real estate investment trust's stock valued at $284,000 after buying an additional 103 shares during the last quarter. PGGM Investments increased its stake in 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 buying an additional 472,890 shares during the last quarter. Truist Financial Corp increased its stake in AvalonBay Communities by 44.6% in the 2nd quarter. Truist Financial Corp now owns 11,410 shares of the real estate investment trust's stock valued at $2,322,000 after buying an additional 3,518 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in AvalonBay Communities by 32.6% in the 2nd quarter. Janney Montgomery Scott LLC now owns 68,357 shares of the real estate investment trust's stock valued at $13,911,000 after buying an additional 16,798 shares during the last quarter. 92.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AVB has been the topic of several recent research reports. Evercore ISI lifted their price target on shares of AvalonBay Communities from $212.00 to $216.00 and gave the company an "in-line" rating in a research note on Monday, September 15th. Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and lowered their price target for the company from $228.00 to $225.00 in a research note on Wednesday, August 13th. Scotiabank lowered their price target on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. Wells Fargo & Company lowered 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 note on Wednesday, August 27th. Finally, Barclays lifted their price target on shares of AvalonBay Communities from $228.00 to $229.00 and gave the company an "equal weight" rating in a research note on Tuesday. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $217.46.

AvalonBay Communities Stock Down 0.8%

AvalonBay Communities stock opened at $191.56 on Thursday. The firm has a market capitalization of $27.27 billion, a PE ratio of 23.59, a P/E/G ratio of 2.78 and a beta of 0.86. The company's 50-day moving average is $192.36 and its 200-day moving average is $200.47. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. 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 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. The company had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same period in the previous year, the business 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. Sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $1.75 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.7%. AvalonBay Communities's dividend 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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