Allianz Asset Management GmbH Sells 23,356 Shares of AvalonBay Communities, Inc. $AVB

Allianz Asset Management GmbH cut its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 12.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 160,465 shares of the real estate investment trust’s stock after selling 23,356 shares during the quarter. Allianz Asset Management GmbH’s holdings in AvalonBay Communities were worth $32,655,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sound Income Strategies LLC boosted its stake in AvalonBay Communities by 76.4% in the second 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 last quarter. Keystone Global Partners LLC bought a new position in AvalonBay Communities in the first quarter valued at approximately $45,000. Zions Bancorporation National Association UT bought a new position in AvalonBay Communities in the first quarter valued at approximately $50,000. Capital Analysts LLC boosted 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 acquiring an additional 80 shares during the last quarter. Finally, Hilltop National Bank bought a new position in AvalonBay Communities in the second quarter valued at approximately $58,000. 92.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Mizuho reaffirmed a “neutral” rating and issued 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 report on Saturday, September 13th. Morgan Stanley upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Barclays increased their target price on shares of AvalonBay Communities from $228.00 to $229.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 30th. Finally, BNP Paribas lowered shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Five 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $217.31.

AvalonBay Communities Trading Up 1.3%

Shares of NYSE:AVB opened at $186.92 on Friday. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company’s fifty day simple moving average is $191.07 and its 200 day simple moving average is $198.20. The firm has a market cap of $26.61 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.70 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last issued 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 business had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. During the same period last 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, research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

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

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.