Vert Asset Management LLC Sells 3,819 Shares of AvalonBay Communities, Inc. $AVB

Vert Asset Management LLC lowered its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 5.7% during the second quarter, Holdings Channel reports. The institutional investor owned 62,841 shares of the real estate investment trust’s stock after selling 3,819 shares during the period. AvalonBay Communities comprises approximately 4.7% of Vert Asset Management LLC’s investment portfolio, making the stock its 9th biggest position. Vert Asset Management LLC’s holdings in AvalonBay Communities were worth $12,788,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AVB. Barclays boosted their price target on AvalonBay Communities from $228.00 to $229.00 and gave the company an “equal weight” rating in a research note on Tuesday. Wells Fargo & Company cut their price target on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a research note on Wednesday, August 27th. Truist Financial upgraded AvalonBay Communities from a “hold” rating to a “buy” rating and cut their price target for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. Cantor Fitzgerald initiated coverage on AvalonBay Communities in a research note on Wednesday. They issued a “neutral” rating and a $205.00 price target for the company. Finally, BNP Paribas Exane cut AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research note on Monday. Five research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $217.46.

AvalonBay Communities Stock Performance

Shares of AvalonBay Communities stock opened at $191.56 on Thursday. The company has a 50 day moving average of $192.36 and a 200-day moving average of $200.47. The company has a market cap of $27.27 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. 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 (NYSE:AVB) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.02. The firm had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same quarter last year, the firm 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 forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 annualized dividend and a dividend yield of 3.7%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 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.