Atria Investments Inc Purchases 2,308 Shares of AvalonBay Communities, Inc. $AVB

Atria Investments Inc increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 27.2% in the second quarter, HoldingsChannel reports. The firm owned 10,801 shares of the real estate investment trust’s stock after purchasing an additional 2,308 shares during the period. Atria Investments Inc’s holdings in AvalonBay Communities were worth $2,198,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in AVB. 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 worth $38,000 after buying an additional 81 shares in the last quarter. Keystone Global Partners LLC bought a new stake in AvalonBay Communities during the 1st quarter worth approximately $45,000. Zions Bancorporation National Association UT acquired a new stake in AvalonBay Communities during the 1st quarter valued at $50,000. Capital Analysts LLC increased its holdings in AvalonBay Communities by 48.5% during the 1st quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 80 shares in the last quarter. Finally, Hilltop National Bank bought a new position in AvalonBay Communities in the 2nd quarter valued at $58,000. 92.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on AVB. UBS Group decreased their target price on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Cantor Fitzgerald initiated coverage on shares of AvalonBay Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 price objective on the stock. Wells Fargo & Company dropped their target price on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a research note on Wednesday, August 27th. Barclays upped their target price on shares of AvalonBay Communities from $228.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a report on Tuesday, October 14th. Five research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat.com, AvalonBay Communities presently has an average rating of “Hold” and an average price target of $216.54.

AvalonBay Communities Trading Up 0.8%

AVB opened at $175.33 on Tuesday. The firm has a 50 day simple moving average of $189.59 and a 200 day simple moving average of $197.21. AvalonBay Communities, Inc. has a fifty-two week low of $166.73 and a fifty-two week high of $239.29. The company has a market cap of $24.96 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.54 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 released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). The business had revenue of $682.36 million for the quarter, compared to analyst estimates of $766.22 million. AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.During the same period in the prior year, the firm posted $2.74 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.150-11.35 EPS. Q4 2025 guidance at 2.800-2.90 EPS. On average, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

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

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.