AvalonBay Communities (NYSE:AVB) Price Target Lowered to $190.00 at Piper Sandler

AvalonBay Communities (NYSE:AVB) had its target price reduced by Piper Sandler from $200.00 to $190.00 in a research note issued to investors on Monday,Benzinga reports. Piper Sandler currently has a neutral rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the company. Morgan Stanley upgraded AvalonBay Communities from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $228.00 to $225.00 in a report on Wednesday, August 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of AvalonBay Communities in a report on Tuesday, October 14th. Wells Fargo & Company lowered their price objective on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. Cantor Fitzgerald started coverage on AvalonBay Communities in a research report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 price objective for the company. Finally, Mizuho reaffirmed a “neutral” rating and set a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $216.54.

AvalonBay Communities Trading Up 0.8%

NYSE:AVB opened at $175.33 on Monday. The firm has a market cap of $24.96 billion, a PE ratio of 21.41, a price-to-earnings-growth ratio of 2.54 and a beta of 0.86. The stock has a fifty day moving average price of $189.59 and a 200 day moving average price of $197.21. AvalonBay Communities has a 12-month low of $166.73 and a 12-month high of $239.29. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). The company had revenue of $682.36 million during the quarter, compared to analysts’ expectations of $766.22 million. AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.75%. During the same quarter last year, the business posted $2.74 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.150-11.35 EPS. Q4 2025 guidance at 2.800-2.90 EPS. Sell-side analysts anticipate that AvalonBay Communities will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. AvalonBay Communities’s payout ratio is presently 85.47%.

Institutional Trading of AvalonBay Communities

Institutional investors and hedge funds have recently made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of AvalonBay Communities in the 3rd quarter valued at about $30,000. Clearstead Trust LLC lifted its holdings in shares of AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 62 shares during the last quarter. AlphaQuest LLC purchased a new stake in shares of AvalonBay Communities in the 3rd quarter valued at about $33,000. Headlands Technologies LLC purchased a new stake in shares of AvalonBay Communities in the 2nd quarter valued at about $36,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of AvalonBay Communities by 76.4% in the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 81 shares during the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

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.