AvalonBay Communities (NYSE:AVB) Given New $214.00 Price Target at Evercore ISI

AvalonBay Communities (NYSE:AVB) had its target price lowered by Evercore ISI from $216.00 to $214.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has an in-line rating on the real estate investment trust’s stock.

A number of other brokerages also recently commented on AVB. Scotiabank decreased their target price on AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating for the company in a report on Thursday, August 14th. Wall Street Zen downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. Wells Fargo & Company decreased their target price on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. BNP Paribas downgraded AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Finally, BNP Paribas Exane downgraded AvalonBay Communities from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, AvalonBay Communities has a consensus rating of “Hold” and a consensus price target of $217.31.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $184.65 on Monday. The firm has a market cap of $26.29 billion, a PE ratio of 22.74, a price-to-earnings-growth ratio of 2.66 and a beta of 0.86. AvalonBay Communities has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. 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 business has a 50 day moving average price of $191.21 and a 200-day moving average price of $198.91.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings data 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. 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 firm posted $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 research analysts predict that AvalonBay Communities will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.8%. AvalonBay Communities’s dividend payout ratio is 86.21%.

Hedge Funds Weigh In On AvalonBay Communities

A number of institutional investors have recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC bought a new position in shares of AvalonBay Communities during the first quarter valued at $29,000. Opal Wealth Advisors LLC bought a new position in shares of AvalonBay Communities during the first quarter valued at $33,000. Clearstead Trust LLC increased its holdings in shares of AvalonBay Communities by 62.0% during the second quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 62 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of AvalonBay Communities during the second quarter valued at $36,000. Finally, Sound Income Strategies LLC increased its holdings in shares of AvalonBay Communities by 76.4% during the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

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.