AvalonBay Communities, Inc. $AVB Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC lessened its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 10.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,030 shares of the real estate investment trust’s stock after selling 118 shares during the period. Farther Finance Advisors LLC’s holdings in AvalonBay Communities were worth $210,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Proathlete Wealth Management LLC acquired a new position in shares of AvalonBay Communities during the 1st quarter worth about $29,000. Opal Wealth Advisors LLC acquired a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $33,000. Keystone Global Partners LLC purchased a new stake in shares of AvalonBay Communities in the first quarter valued at approximately $45,000. Zions Bancorporation National Association UT purchased a new stake in shares of AvalonBay Communities in the first quarter valued at approximately $50,000. Finally, Capital Analysts LLC grew its position in shares of 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 purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $191.56 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a market capitalization of $27.27 billion, a P/E ratio of 23.59, a PEG ratio of 2.78 and a beta of 0.86. The company has a 50 day moving average price of $192.36 and a 200 day moving average price of $200.47. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29.

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

AvalonBay Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.7%. AvalonBay Communities’s dividend payout ratio (DPR) is presently 86.21%.

Wall Street Analysts Forecast Growth

AVB has been the subject of a number of analyst reports. Piper Sandler restated a “neutral” rating and issued a $200.00 price target (down from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. UBS Group dropped their price target 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. Mizuho restated a “neutral” rating and issued a $199.00 price target (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Evercore ISI upped their price target on AvalonBay Communities from $212.00 to $216.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Finally, Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and cut their price target for the stock from $224.00 to $218.00 in a report on Thursday, September 11th. Five analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $217.46.

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.