Hantz Financial Services Inc. Acquires 700 Shares of AvalonBay Communities, Inc. $AVB

Hantz Financial Services Inc. boosted its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,160 shares of the real estate investment trust’s stock after purchasing an additional 700 shares during the period. Hantz Financial Services Inc.’s holdings in AvalonBay Communities were worth $5,527,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in AVB. Nuveen LLC bought a new position in AvalonBay Communities in the first quarter valued at $280,226,000. PGGM Investments grew its position in AvalonBay Communities by 7,782.9% in the second 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 in the last quarter. Price T Rowe Associates Inc. MD grew its position in AvalonBay Communities by 7.1% in the first 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 in the last quarter. JPMorgan Chase & Co. grew its position in AvalonBay Communities by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust’s stock valued at $818,653,000 after purchasing an additional 143,646 shares in the last quarter. Finally, Strs Ohio bought a new position in AvalonBay Communities in the first quarter valued at $30,453,000. Institutional investors own 92.61% of the company’s stock.

Analyst Upgrades and Downgrades

AVB has been the subject of a number of recent analyst reports. Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and cut their price target for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. Morgan Stanley upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $228.00 to $225.00 in a research note on Wednesday, August 13th. BNP Paribas cut shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Evercore ISI cut their price target on shares of AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating for the company in a research note on Monday, October 13th. Finally, Barclays increased their price target on shares of AvalonBay Communities from $228.00 to $229.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 30th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, AvalonBay Communities currently has an average rating of “Hold” and an average target price of $217.31.

AvalonBay Communities Price Performance

Shares of AvalonBay Communities stock opened at $174.71 on Friday. AvalonBay Communities, Inc. has a twelve month low of $166.73 and a twelve 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 has a 50-day simple moving average of $190.31 and a two-hundred day simple moving average of $197.63. The stock has a market capitalization of $24.88 billion, a price-to-earnings ratio of 21.33, a price-to-earnings-growth ratio of 2.54 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.The business had revenue of $682.36 million during the quarter, compared to analyst estimates of $766.22 million. During the same quarter last year, the firm earned $2.74 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.150-11.35 EPS. Q4 2025 guidance at 2.800-2.90 EPS. Analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $1.75 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $7.00 annualized dividend and a dividend yield of 4.0%. 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.