Park Avenue Securities LLC Sells 608 Shares of AvalonBay Communities, Inc. $AVB

Park Avenue Securities LLC decreased its position in AvalonBay Communities, Inc. (NYSE:AVB) by 20.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,431 shares of the real estate investment trust’s stock after selling 608 shares during the quarter. Park Avenue Securities LLC’s holdings in AvalonBay Communities were worth $495,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Proathlete Wealth Management LLC acquired a new stake in AvalonBay Communities in the 1st quarter worth approximately $29,000. Opal Wealth Advisors LLC acquired a new stake in AvalonBay Communities in the 1st quarter worth approximately $33,000. Keystone Global Partners LLC acquired a new stake in AvalonBay Communities in the 1st quarter worth approximately $45,000. Zions Bancorporation National Association UT acquired a new stake in AvalonBay Communities in the 1st quarter worth approximately $50,000. Finally, Capital Analysts LLC lifted its holdings in AvalonBay Communities by 48.5% in the 1st quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust’s stock worth $53,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on AVB shares. Barclays cut their price target on AvalonBay Communities from $241.00 to $228.00 and set an “equal weight” rating for the company in a report on Tuesday, August 12th. Wells Fargo & Company reduced their price objective on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. Morgan Stanley raised AvalonBay Communities from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. BNP Paribas Exane cut AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research report on Monday. Finally, Mizuho reissued a “neutral” rating and issued a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Five analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $218.42.

AvalonBay Communities Stock Performance

AvalonBay Communities stock opened at $193.49 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a fifty day moving average price of $192.83 and a two-hundred day moving average price of $200.58. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week high of $239.29. The firm has a market capitalization of $27.55 billion, a P/E ratio of 23.83, a P/E/G ratio of 2.81 and a beta of 0.87.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $759.08 million. During the same period in the prior year, the company posted $2.77 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. As a group, analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

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

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.