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

Vanguard Personalized Indexing Management LLC increased its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 11.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,796 shares of the real estate investment trust’s stock after purchasing 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.

Other hedge funds have also recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC acquired a new position in shares of AvalonBay Communities during the 1st quarter worth about $29,000. Sound Income Strategies LLC raised its position in shares of AvalonBay Communities by 76.4% in the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 81 shares during the period. Keystone Global Partners LLC bought a new position in AvalonBay Communities during the 1st quarter worth approximately $45,000. Zions Bancorporation National Association UT acquired a new position in AvalonBay Communities during the first quarter valued at approximately $50,000. Finally, Capital Analysts LLC increased its stake in AvalonBay Communities by 48.5% in the first quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AVB shares. 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. Scotiabank reduced their target price on AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. UBS Group lowered their price target on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Evercore ISI dropped their price target on AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating on the stock in a research report on Monday. Finally, Truist Financial upgraded AvalonBay Communities from a “hold” rating to a “buy” rating and decreased their price objective for the company from $224.00 to $218.00 in a research report on Thursday, September 11th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, AvalonBay Communities presently has a consensus rating of “Hold” and a consensus target price of $217.31.

AvalonBay Communities Trading Down 0.8%

NYSE AVB opened at $184.01 on Thursday. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. The stock’s 50 day moving average price is $191.14 and its two-hundred day moving average price is $198.72. The stock has a market capitalization of $26.20 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.68 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.02. The company had revenue of $689.90 million for 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 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, analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders 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 was Tuesday, September 30th. AvalonBay Communities’s dividend payout ratio is currently 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.