Cbre Investment Management Listed Real Assets LLC Sells 113,501 Shares of AvalonBay Communities, Inc. $AVB

Cbre Investment Management Listed Real Assets LLC reduced its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 22.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 387,808 shares of the real estate investment trust’s stock after selling 113,501 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned 0.27% of AvalonBay Communities worth $78,919,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in AvalonBay Communities by 9.3% during the 1st quarter. Envestnet Asset Management Inc. now owns 215,404 shares of the real estate investment trust’s stock worth $46,230,000 after buying an additional 18,282 shares during the period. Brown Advisory Inc. increased its position in shares of AvalonBay Communities by 12.0% during the first quarter. Brown Advisory Inc. now owns 16,596 shares of the real estate investment trust’s stock worth $3,562,000 after acquiring an additional 1,773 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in shares of AvalonBay Communities by 1.8% during the first quarter. DekaBank Deutsche Girozentrale now owns 100,334 shares of the real estate investment trust’s stock worth $21,079,000 after acquiring an additional 1,790 shares in the last quarter. LBP AM SA raised its holdings in shares of AvalonBay Communities by 3.4% during the first quarter. LBP AM SA now owns 52,030 shares of the real estate investment trust’s stock worth $11,167,000 after acquiring an additional 1,700 shares during the period. Finally, Allworth Financial LP lifted its position in AvalonBay Communities by 14.7% in the 1st quarter. Allworth Financial LP now owns 873 shares of the real estate investment trust’s stock valued at $180,000 after acquiring an additional 112 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Down 1.5%

AVB stock opened at $175.14 on Friday. The company has a market cap of $24.94 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 2.54 and a beta of 0.84. AvalonBay Communities, Inc. has a twelve month low of $166.73 and a twelve month high of $239.29. The business has a 50 day moving average price of $188.54 and a two-hundred day moving average price of $196.73. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.75 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.75%. The company had revenue of $682.36 million during the quarter, compared to analyst estimates of $766.22 million. During the same period in the previous year, the company posted $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 anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. AvalonBay Communities’s dividend payout ratio (DPR) is 85.47%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Truist Financial raised AvalonBay Communities from a “hold” rating to a “buy” rating and dropped their price target for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. Wall Street Zen upgraded AvalonBay Communities from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Cantor Fitzgerald started coverage on AvalonBay Communities in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $205.00 target price on the stock. BNP Paribas downgraded AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Piper Sandler decreased their price target on shares of AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat.com, AvalonBay Communities presently has an average rating of “Hold” and a consensus price target of $212.92.

About AvalonBay Communities

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.