AvalonBay Communities, Inc. $AVB Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. decreased its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,426 shares of the real estate investment trust’s stock after selling 107 shares during the period. Securian Asset Management Inc.’s holdings in AvalonBay Communities were worth $1,511,000 at the end of the most recent quarter.

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

AvalonBay Communities Stock Performance

NYSE:AVB opened at $189.18 on Thursday. 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 has a market capitalization of $26.93 billion, a P/E ratio of 23.30, a PEG ratio of 2.70 and a beta of 0.86. The company has a 50 day moving average price of $191.07 and a 200 day moving average price of $197.97. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, beating the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The company had revenue of $689.90 million during the quarter, compared to analysts’ expectations of $759.08 million. During the same quarter last year, the company posted $2.77 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. Equities research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada cut their price target on shares of AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Cantor Fitzgerald assumed coverage on shares of AvalonBay Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 price target for the company. UBS Group cut their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AvalonBay Communities in a research report on Tuesday, October 14th. Finally, Wells Fargo & Company lowered their price objective on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.