Probity Advisors Inc. Purchases 60 Shares of AvalonBay Communities, Inc. $AVB

Probity Advisors Inc. raised its position in AvalonBay Communities, Inc. (NYSE:AVB) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,243 shares of the real estate investment trust’s stock after buying an additional 60 shares during the period. Probity Advisors Inc.’s holdings in AvalonBay Communities were worth $456,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new stake in shares of AvalonBay Communities during the first quarter valued at approximately $280,226,000. PGGM Investments grew its stake in AvalonBay Communities by 7,782.9% in the 2nd quarter. PGGM Investments now owns 478,966 shares of the real estate investment trust’s stock valued at $97,470,000 after purchasing an additional 472,890 shares during the period. Price T Rowe Associates Inc. MD increased its position 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 valued at $1,184,712,000 after purchasing an additional 367,853 shares during the last quarter. JPMorgan Chase & Co. raised 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 purchasing an additional 143,646 shares during the period. Finally, Strs Ohio bought a new stake in shares of AvalonBay Communities during the 1st quarter worth $30,453,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Down 0.0%

Shares of NYSE AVB opened at $186.94 on Tuesday. 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 has a market cap of $26.62 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.70 and a beta of 0.86. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The business has a 50-day simple moving average of $191.10 and a two-hundred day simple moving average of $198.11.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (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 for the quarter, compared to the consensus estimate of $759.08 million. During the same period in the prior year, the firm 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. Research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Piper Sandler restated a “neutral” rating and set a $200.00 price objective (down previously from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Wells Fargo & Company decreased their price target on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a research note on Wednesday, August 27th. Scotiabank lowered their price target on shares of AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. Evercore ISI reduced their price objective on AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating for the company in a report on Monday, October 13th. Finally, Barclays raised their target price on AvalonBay Communities from $228.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 30th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to data from MarketBeat, AvalonBay Communities has a consensus rating of “Hold” and a consensus price target of $217.31.

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.