HB Wealth Management LLC Trims Stake in AvalonBay Communities, Inc. $AVB

HB Wealth Management LLC lessened its position in AvalonBay Communities, Inc. (NYSE:AVB) by 8.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,652 shares of the real estate investment trust’s stock after selling 154 shares during the quarter. HB Wealth Management LLC’s holdings in AvalonBay Communities were worth $336,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Park Avenue Securities LLC lifted its stake in AvalonBay Communities by 20.1% in the first quarter. Park Avenue Securities LLC now owns 3,039 shares of the real estate investment trust’s stock worth $652,000 after purchasing an additional 508 shares during the last quarter. Vert Asset Management LLC raised its holdings in shares of AvalonBay Communities by 5.0% in the first quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust’s stock worth $14,307,000 after buying an additional 3,199 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of AvalonBay Communities by 14.2% during the 1st quarter. Farther Finance Advisors LLC now owns 1,148 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 143 shares during the last quarter. Pallas Capital Advisors LLC boosted its holdings in AvalonBay Communities by 5.5% during the 1st quarter. Pallas Capital Advisors LLC now owns 17,829 shares of the real estate investment trust’s stock valued at $3,826,000 after acquiring an additional 933 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in AvalonBay Communities by 3,071.6% during the 1st quarter. SG Americas Securities LLC now owns 24,199 shares of the real estate investment trust’s stock valued at $5,194,000 after acquiring an additional 23,436 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Price Performance

Shares of AVB opened at $187.65 on Tuesday. The company has a 50 day moving average of $191.69 and a two-hundred day moving average of $199.88. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The company has a market cap of $26.72 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, beating the consensus estimate of $2.80 by $0.02. The firm had revenue of $689.90 million during 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 prior year, the business 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. As a group, analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on AVB shares. Barclays increased their target price on AvalonBay Communities from $228.00 to $229.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 30th. Wall Street Zen cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Piper Sandler reaffirmed a “neutral” rating and issued a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. BNP Paribas cut shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Evercore ISI upped their target price on shares of AvalonBay Communities from $212.00 to $216.00 and gave the stock an “in-line” rating in a research note on Monday, September 15th. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price 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.