Truist Financial Corp Acquires 3,518 Shares of AvalonBay Communities, Inc. $AVB

Truist Financial Corp lifted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 44.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,410 shares of the real estate investment trust’s stock after purchasing an additional 3,518 shares during the period. Truist Financial Corp’s holdings in AvalonBay Communities were worth $2,322,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AVB. Nuveen LLC bought a new position in shares of AvalonBay Communities during the first quarter valued at about $280,226,000. Price T Rowe Associates Inc. MD lifted its position in shares of AvalonBay Communities by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust’s stock valued at $1,184,712,000 after purchasing an additional 367,853 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of AvalonBay Communities by 3.9% during the first quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust’s stock valued at $818,653,000 after purchasing an additional 143,646 shares in the last quarter. Strs Ohio bought a new position in shares of AvalonBay Communities during the first quarter valued at about $30,453,000. Finally, Northern Trust Corp lifted its position in shares of AvalonBay Communities by 5.2% during the first quarter. Northern Trust Corp now owns 2,779,484 shares of the real estate investment trust’s stock valued at $596,533,000 after purchasing an additional 136,741 shares in the last quarter. 92.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AVB. Evercore ISI raised their price target on shares of AvalonBay Communities from $212.00 to $216.00 and gave the company an “in-line” rating in a research report on Monday, September 15th. Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $224.00 to $218.00 in a report on Thursday, September 11th. Weiss Ratings restated a “hold (c+)” rating on shares of AvalonBay Communities in a report on Saturday, September 27th. Wells Fargo & Company decreased their price objective on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating for the company in a report on Tuesday, June 17th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $217.46.

AvalonBay Communities Price Performance

AVB opened at $184.64 on Friday. The company has a market capitalization of $26.29 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 2.68 and a beta of 0.86. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The firm has a 50-day moving average price of $191.17 and a 200-day moving average price of $199.31. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.02. The firm had revenue of $689.90 million during the quarter, compared to the consensus estimate 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 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. Equities analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.8%. AvalonBay Communities’s payout ratio is currently 86.21%.

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.