Pallas Capital Advisors LLC Purchases New Position in AvalonBay Communities, Inc. $AVB

Posted by Geri Gentry on Aug 20th, 2026

Pallas Capital Advisors LLC acquired a new stake in AvalonBay Communities, Inc. (NYSE:AVB – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,653 shares of the real estate investment trust’s stock, valued at approximately $689,000.

Several other hedge funds also recently made changes to their positions in AVB. Reflection Asset Management acquired a new stake in shares of AvalonBay Communities in the 4th quarter valued at about $25,000. Clearstead Trust LLC increased its position in AvalonBay Communities by 56.0% during the first quarter. Clearstead Trust LLC now owns 156 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 56 shares during the period. Zions Bancorporation National Association UT increased its position in AvalonBay Communities by 300.0% during the fourth quarter. Zions Bancorporation National Association UT now owns 160 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 120 shares during the period. BOKF NA purchased a new stake in AvalonBay Communities in the third quarter valued at approximately $31,000. Finally, Elyxium Wealth LLC acquired a new stake in shares of AvalonBay Communities in the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AVB shares. Wolfe Research upgraded shares of AvalonBay Communities from an “outperform” rating to an “outperform” rating and set a $209.00 price objective on the stock in a research note on Monday, June 1st. Weiss Ratings lowered AvalonBay Communities from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, August 6th. Royal Bank Of Canada upped their price target on AvalonBay Communities from $180.00 to $188.00 and gave the stock a “sector perform” rating in a research note on Wednesday, April 29th. Truist Financial increased their price target on AvalonBay Communities from $201.00 to $202.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $190.00 price objective on shares of AvalonBay Communities in a research report on Wednesday. Three equities research analysts have rated the stock with a Buy rating and fifteen have given a Hold rating to the company. According to data from MarketBeat.com, AvalonBay Communities presently has an average rating of “Hold” and a consensus target price of $196.87.

View Our Latest Stock Report on AVB

AvalonBay Communities Price Performance

Shares of NYSE:AVB opened at $184.06 on Thursday. The firm has a market capitalization of $26.28 billion, a price-to-earnings ratio of 30.08, a price-to-earnings-growth ratio of 2.98 and a beta of 0.76. The company has a debt-to-equity ratio of 0.74, a current ratio of 0.54 and a quick ratio of 0.54. The business’s 50 day simple moving average is $187.75 and its 200-day simple moving average is $180.35. AvalonBay Communities, Inc. has a 12 month low of $160.10 and a 12 month high of $198.63.

AvalonBay Communities (NYSE:AVB – Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.12). The firm had revenue of $777.77 million during the quarter, compared to analysts’ expectations of $772.37 million. AvalonBay Communities had a net margin of 33.33% and a return on equity of 8.58%. During the same period in the previous year, the business earned $2.82 earnings per share. As a group, equities analysts forecast that AvalonBay Communities, Inc. will post 11.33 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $1.78 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $7.12 annualized dividend and a yield of 3.9%. AvalonBay Communities’s dividend payout ratio is 116.34%.

AvalonBay Communities Profile

(Free Report)

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.