Shell Asset Management Co. Has $2.86 Million Stock Position in AvalonBay Communities, Inc. $AVB

Shell Asset Management Co. reduced its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 16.2% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 14,051 shares of the real estate investment trust’s stock after selling 2,711 shares during the period. Shell Asset Management Co.’s holdings in AvalonBay Communities were worth $2,859,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Nuveen LLC bought a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $280,226,000. PGGM Investments grew its stake in shares of AvalonBay Communities by 7,782.9% during the 2nd quarter. PGGM Investments now owns 478,966 shares of the real estate investment trust’s stock worth $97,470,000 after acquiring an additional 472,890 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of AvalonBay Communities by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust’s stock worth $1,184,712,000 after acquiring an additional 367,853 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of AvalonBay Communities by 3.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust’s stock worth $818,653,000 after acquiring an additional 143,646 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $30,453,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Price Performance

NYSE:AVB opened at $187.48 on Wednesday. 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. The firm has a fifty day simple moving average of $191.38 and a 200 day simple moving average of $199.80. The stock has a market capitalization of $26.69 billion, a PE ratio of 23.09, a P/E/G ratio of 2.70 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last released 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. 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 previous year, the business 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. On average, research analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, September 30th. AvalonBay Communities’s payout ratio is 86.21%.

Wall Street Analysts Forecast Growth

AVB has been the subject of several research reports. BNP Paribas cut shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of AvalonBay Communities in a research note on Saturday, September 27th. UBS Group decreased their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a research note on Tuesday, July 15th. Truist Financial raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating and decreased their target price for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. Finally, Mizuho reissued a “neutral” rating and issued a $199.00 target price (down from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $217.46.

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.