AvalonBay Communities (NYSE:AVB) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald began coverage on shares of AvalonBay Communities (NYSE:AVB) in a report issued on Wednesday morning, Marketbeat.com reports. The firm issued a neutral rating and a $205.00 target price on the real estate investment trust’s stock.

AVB has been the topic of a number of other research reports. Wall Street Zen lowered AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. BNP Paribas Exane lowered AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research note on Monday. Truist Financial raised AvalonBay Communities from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $224.00 to $218.00 in a research note on Thursday, September 11th. Royal Bank Of Canada cut their price target on AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Finally, BNP Paribas lowered AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, AvalonBay Communities presently has an average rating of “Hold” and a consensus target price of $217.46.

AvalonBay Communities Stock Performance

Shares of NYSE:AVB opened at $191.56 on Wednesday. The business’s fifty day moving average price is $192.36 and its two-hundred day moving average price is $200.47. AvalonBay Communities has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 23.59, a price-to-earnings-growth ratio of 2.78 and a beta of 0.86. 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 posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.02. The company had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same quarter in the previous year, the firm earned $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 predict that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

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

Hedge Funds Weigh In On AvalonBay Communities

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC boosted its holdings in AvalonBay Communities by 0.5% during the second quarter. Corient Private Wealth LLC now owns 46,571 shares of the real estate investment trust’s stock worth $9,477,000 after buying an additional 249 shares during the last quarter. Caldwell Trust Co acquired a new stake in shares of AvalonBay Communities during the second quarter worth about $1,204,000. Osaic Holdings Inc. raised its position in shares of AvalonBay Communities by 253.6% during the second quarter. Osaic Holdings Inc. now owns 22,862 shares of the real estate investment trust’s stock worth $4,654,000 after purchasing an additional 16,396 shares during the period. Carronade Capital Management LP raised its position in shares of AvalonBay Communities by 5.9% during the second quarter. Carronade Capital Management LP now owns 51,047 shares of the real estate investment trust’s stock worth $10,388,000 after purchasing an additional 2,862 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new stake in shares of AvalonBay Communities during the second quarter worth about $10,746,000. Institutional investors own 92.61% of the company’s stock.

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.