AvalonBay Communities (NYSE:AVB) Downgraded by BNP Paribas Exane to Neutral

BNP Paribas Exane downgraded shares of AvalonBay Communities (NYSE:AVB) from an outperform rating to a neutral rating in a research report released on Monday, MarketBeat reports.

A number of other equities research analysts have also recently weighed in on the company. Royal Bank Of Canada dropped their price objective on AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Truist Financial upgraded AvalonBay Communities from a “hold” rating to a “buy” rating and lowered their target price for the company from $224.00 to $218.00 in a report on Thursday, September 11th. UBS Group dropped 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. Piper Sandler reissued a “neutral” rating and set a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating for the company in a research note on Tuesday, June 17th. Five investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, AvalonBay Communities presently has a consensus rating of “Hold” and a consensus target price of $218.42.

AvalonBay Communities Trading Down 0.7%

Shares of AVB stock opened at $193.49 on Monday. AvalonBay Communities has a 1-year low of $180.40 and a 1-year high of $239.29. The firm has a market cap of $27.55 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. The company has a 50-day moving average of $192.83 and a two-hundred day moving average of $200.58. 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 (NYSE:AVB) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.02. The business had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same period in the previous year, the firm earned $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. On average, analysts predict that AvalonBay Communities will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Tuesday, September 30th. AvalonBay Communities’s dividend payout ratio is presently 86.21%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in AVB. Perpetual Ltd increased its position in shares of AvalonBay Communities by 0.5% in the 2nd quarter. Perpetual Ltd now owns 10,650 shares of the real estate investment trust’s stock valued at $2,167,000 after purchasing an additional 50 shares during the last quarter. Baker Tilly Wealth Management LLC increased its holdings in AvalonBay Communities by 1.8% in the first quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust’s stock valued at $697,000 after buying an additional 58 shares during the last quarter. CX Institutional increased its holdings in AvalonBay Communities by 6.3% in the second quarter. CX Institutional now owns 973 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 58 shares during the last quarter. Golden State Equity Partners raised its stake in AvalonBay Communities by 3.7% in the first quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust’s stock valued at $356,000 after buying an additional 60 shares in the last quarter. Finally, Probity Advisors Inc. lifted its holdings in AvalonBay Communities by 2.7% during the 2nd quarter. Probity Advisors Inc. now owns 2,243 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

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.