Wealth Enhancement Advisory Services LLC Has $1.68 Million Stock Holdings in AvalonBay Communities, Inc. $AVB

Wealth Enhancement Advisory Services LLC lifted its holdings in AvalonBay Communities, Inc. (NYSE:AVB) by 16.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,271 shares of the real estate investment trust’s stock after purchasing an additional 1,152 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in AvalonBay Communities were worth $1,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Proathlete Wealth Management LLC acquired a new position in shares of AvalonBay Communities in the 1st quarter valued at approximately $29,000. Opal Wealth Advisors LLC bought a new stake in AvalonBay Communities in the 1st quarter valued at approximately $33,000. Keystone Global Partners LLC bought a new stake in AvalonBay Communities in the 1st quarter valued at approximately $45,000. Zions Bancorporation National Association UT bought a new stake in AvalonBay Communities in the 1st quarter valued at approximately $50,000. Finally, Capital Analysts LLC lifted its stake 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 valued at $53,000 after acquiring an additional 80 shares in the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

AvalonBay Communities Stock Down 0.7%

AVB opened at $193.49 on Tuesday. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The stock’s fifty day simple moving average is $192.83 and its 200 day simple moving average is $200.58. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. The stock 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.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.02. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The business had revenue of $689.90 million for the quarter, compared to analysts’ expectations of $759.08 million. During the same quarter in the prior year, the business 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. As a group, research analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

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

Analyst Upgrades and Downgrades

AVB has been the topic of several research reports. Morgan Stanley upgraded AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $228.00 to $225.00 in a research note on Wednesday, August 13th. Barclays cut their target price on AvalonBay Communities from $241.00 to $228.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 12th. Wall Street Zen cut AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. BNP Paribas Exane cut AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research note on Monday. Finally, Scotiabank cut their target price on AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $218.42.

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.