Axxcess Wealth Management LLC Raises Stake in AvalonBay Communities, Inc. $AVB

Axxcess Wealth Management LLC boosted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 23.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,597 shares of the real estate investment trust’s stock after acquiring an additional 499 shares during the period. Axxcess Wealth Management LLC’s holdings in AvalonBay Communities were worth $529,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. NorthRock Partners LLC lifted its position in AvalonBay Communities by 12.4% during the 2nd quarter. NorthRock Partners LLC now owns 1,211 shares of the real estate investment trust’s stock valued at $248,000 after acquiring an additional 134 shares during the period. Sequoia Financial Advisors LLC lifted its position in AvalonBay Communities by 105.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 5,676 shares of the real estate investment trust’s stock valued at $1,155,000 after acquiring an additional 2,919 shares during the period. Yousif Capital Management LLC increased its stake in AvalonBay Communities by 0.8% during the 2nd quarter. Yousif Capital Management LLC now owns 26,633 shares of the real estate investment trust’s stock valued at $5,420,000 after purchasing an additional 207 shares in the last quarter. MGO One Seven LLC increased its stake in AvalonBay Communities by 16.2% during the 2nd quarter. MGO One Seven LLC now owns 2,618 shares of the real estate investment trust’s stock valued at $533,000 after purchasing an additional 365 shares in the last quarter. Finally, CWM LLC increased its stake in AvalonBay Communities by 133.4% during the 2nd quarter. CWM LLC now owns 4,323 shares of the real estate investment trust’s stock valued at $880,000 after purchasing an additional 2,471 shares in the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $186.92 on Friday. The company has a 50 day moving average price of $191.07 and a 200-day moving average price of $198.32. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The firm has a market capitalization of $26.61 billion, a PE ratio of 23.02, a P/E/G ratio of 2.66 and a beta of 0.86. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results 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. The firm had revenue of $689.90 million during 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 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. As a group, equities research analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.7%. The ex-dividend date was Tuesday, September 30th. AvalonBay Communities’s payout ratio is 86.21%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AVB. Weiss Ratings restated a “hold (c)” rating on shares of AvalonBay Communities in a research note on Tuesday. Mizuho restated a “neutral” rating and set a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Wall Street Zen lowered shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Cantor Fitzgerald initiated coverage on shares of AvalonBay Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $205.00 price target for the company. Finally, Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and reduced their price target for the stock from $224.00 to $218.00 in a research note on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $217.31.

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.