Malaga Cove Capital LLC Has $2.85 Million Stock Holdings in AvalonBay Communities, Inc. $AVB

Malaga Cove Capital LLC lifted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 5.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 13,985 shares of the real estate investment trust’s stock after buying an additional 745 shares during the period. AvalonBay Communities makes up 1.1% of Malaga Cove Capital LLC’s investment portfolio, making the stock its 23rd biggest position. Malaga Cove Capital LLC’s holdings in AvalonBay Communities were worth $2,846,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of AVB. Sound Income Strategies LLC grew 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 worth $38,000 after buying an additional 81 shares in the last quarter. Keystone Global Partners LLC bought a new stake in shares of AvalonBay Communities during the 1st quarter worth approximately $45,000. Zions Bancorporation National Association UT acquired a new stake in shares of AvalonBay Communities during the 1st quarter worth approximately $50,000. Capital Analysts LLC increased its stake in AvalonBay Communities by 48.5% in the first quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust’s stock valued at $53,000 after acquiring an additional 80 shares during the last quarter. Finally, Hilltop National Bank acquired a new position in AvalonBay Communities during the second quarter valued at approximately $58,000. Institutional investors own 92.61% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wells Fargo & Company reduced their target price on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Cantor Fitzgerald started coverage on AvalonBay Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $205.00 price objective on the stock. Scotiabank lowered their target price on AvalonBay Communities from $215.00 to $193.00 and set a “sector perform” rating for the company in a research note on Tuesday. Barclays raised 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. Finally, Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $224.00 to $218.00 in a research report on Thursday, September 11th. Five research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, AvalonBay Communities presently has a consensus rating of “Hold” and a consensus target price of $212.92.

AvalonBay Communities Stock Down 1.5%

NYSE:AVB opened at $175.14 on Friday. The firm’s 50 day simple moving average is $188.54 and its 200 day simple moving average is $196.73. 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 $166.73 and a one year high of $239.29. The company has a market cap of $24.94 billion, a PE ratio of 21.38, a P/E/G ratio of 2.54 and a beta of 0.84.

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

AvalonBay Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $1.75 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 4.0%. AvalonBay Communities’s payout ratio is presently 85.47%.

AvalonBay Communities 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.