Nordea Investment Management AB Purchases 76,136 Shares of AvalonBay Communities, Inc. $AVB

Nordea Investment Management AB grew its position in AvalonBay Communities, Inc. (NYSE:AVB) by 24.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 383,618 shares of the real estate investment trust’s stock after acquiring an additional 76,136 shares during the quarter. Nordea Investment Management AB owned 0.27% of AvalonBay Communities worth $77,211,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC lifted its position in shares of AvalonBay Communities by 76.4% in the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 81 shares during the period. Keystone Global Partners LLC bought a new stake in shares of AvalonBay Communities in the 1st quarter worth approximately $45,000. Zions Bancorporation National Association UT bought a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $50,000. Capital Analysts LLC lifted its position in shares of AvalonBay Communities by 48.5% during the 1st quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 80 shares during the period. Finally, Hilltop National Bank bought a new position in shares of AvalonBay Communities during the 2nd quarter worth approximately $58,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Trading Up 1.3%

Shares of AVB opened at $186.92 on Friday. The stock has a fifty day moving average price of $191.07 and a two-hundred day moving average price of $198.20. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week high of $239.29. The company has a market cap of $26.61 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.70 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The firm had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. During the same quarter in the previous 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. Analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders 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 yield of 3.7%. AvalonBay Communities’s payout ratio is presently 86.21%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley upgraded AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $228.00 to $225.00 in a research report on Wednesday, August 13th. Wall Street Zen downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. BNP Paribas downgraded AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Piper Sandler restated a “neutral” rating and set a $200.00 target price (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Finally, UBS Group cut their target price on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a research report on Tuesday, July 15th. 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, AvalonBay Communities currently has a consensus rating of “Hold” and an average target price of $217.31.

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.