Catalyst Capital Advisors LLC Sells 74 Shares of AvalonBay Communities, Inc. $AVB

Catalyst Capital Advisors LLC trimmed its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 14.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 453 shares of the real estate investment trust’s stock after selling 74 shares during the period. Catalyst Capital Advisors LLC’s holdings in AvalonBay Communities were worth $92,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its stake in AvalonBay Communities by 76.4% during 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 period. Keystone Global Partners LLC bought a new position in AvalonBay Communities during the first quarter valued at about $45,000. Zions Bancorporation National Association UT acquired a new stake in AvalonBay Communities during the first quarter valued at approximately $50,000. Capital Analysts LLC boosted its holdings in AvalonBay Communities by 48.5% during 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. Finally, Hilltop National Bank acquired a new stake in AvalonBay Communities during the second quarter valued at approximately $58,000. 92.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AvalonBay Communities in a report on Tuesday, October 14th. Evercore ISI decreased their price objective on AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating on the stock in a report on Monday, October 13th. Scotiabank decreased their price objective 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. BNP Paribas downgraded AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $217.31.

AvalonBay Communities Stock Up 0.2%

Shares of AVB opened at $189.43 on Friday. The company has a market capitalization of $26.97 billion, a P/E ratio of 23.33, a PEG ratio of 2.73 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29. The business’s 50 day simple moving average is $191.05 and its 200-day simple moving average is $198.07.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same period in the previous year, the business earned $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. As a group, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 30th. 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.