Advocate Group LLC Buys 92 Shares of AvalonBay Communities, Inc. $AVB

Advocate Group LLC lifted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 0.4% in the second quarter, Holdings Channel.com reports. The fund owned 21,759 shares of the real estate investment trust’s stock after acquiring an additional 92 shares during the quarter. Advocate Group LLC’s holdings in AvalonBay Communities were worth $4,428,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AVB. Perpetual Ltd increased its holdings in AvalonBay Communities by 0.5% in the second quarter. Perpetual Ltd now owns 10,650 shares of the real estate investment trust’s stock worth $2,167,000 after purchasing an additional 50 shares in the last quarter. CX Institutional increased its holdings in AvalonBay Communities by 6.3% in the second quarter. CX Institutional now owns 973 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 58 shares in the last quarter. Golden State Equity Partners increased its holdings in AvalonBay Communities by 3.7% in the first quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 60 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in AvalonBay Communities by 1.0% in the first quarter. Benjamin Edwards Inc. now owns 6,417 shares of the real estate investment trust’s stock worth $1,377,000 after purchasing an additional 64 shares in the last quarter. Finally, Roundview Capital LLC increased its holdings in AvalonBay Communities by 1.7% in the first quarter. Roundview Capital LLC now owns 3,950 shares of the real estate investment trust’s stock worth $848,000 after purchasing an additional 66 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors.

AvalonBay Communities Stock Down 0.7%

AVB stock opened at $184.64 on Friday. The stock’s fifty day simple moving average is $191.17 and its two-hundred day simple moving average is $199.21. 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 1-year low of $180.40 and a 1-year high of $239.29. The stock has a market cap of $26.29 billion, a P/E ratio of 22.74, a P/E/G ratio of 2.66 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted 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. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The business had revenue of $689.90 million for the quarter, compared to analysts’ expectations of $759.08 million. During the same quarter in the previous 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. Analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm 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 $1.75 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.8%. AvalonBay Communities’s payout ratio is currently 86.21%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AVB. Cantor Fitzgerald began coverage on AvalonBay Communities in a report on Wednesday, October 1st. They issued a “neutral” rating and a $205.00 target price for the company. Morgan Stanley upgraded AvalonBay Communities from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. BNP Paribas cut AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Piper Sandler reissued a “neutral” rating and issued a $200.00 price objective (down previously from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. Finally, Royal Bank Of Canada reduced their price objective on AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AvalonBay Communities has a consensus rating of “Hold” and an average target price 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.