AvalonBay Communities, Inc. $AVB Shares Acquired by Segment Wealth Management LLC

Segment Wealth Management LLC lifted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 27.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,509 shares of the real estate investment trust’s stock after buying an additional 323 shares during the quarter. Segment Wealth Management LLC’s holdings in AvalonBay Communities were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Perpetual Ltd grew its position in shares of AvalonBay Communities by 0.5% during the second quarter. Perpetual Ltd now owns 10,650 shares of the real estate investment trust’s stock worth $2,167,000 after buying an additional 50 shares in the last quarter. CX Institutional grew its position in shares of AvalonBay Communities by 6.3% during the second quarter. CX Institutional now owns 973 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 58 shares in the last quarter. Golden State Equity Partners grew its position in shares of AvalonBay Communities by 3.7% during the first quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust’s stock worth $356,000 after buying an additional 60 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in AvalonBay Communities by 1.0% in the first quarter. Benjamin Edwards Inc. now owns 6,417 shares of the real estate investment trust’s stock worth $1,377,000 after purchasing an additional 64 shares during the period. Finally, Roundview Capital LLC boosted its holdings in AvalonBay Communities by 1.7% in the first quarter. Roundview Capital LLC now owns 3,950 shares of the real estate investment trust’s stock worth $848,000 after purchasing an additional 66 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

AVB stock opened at $190.81 on Friday. The company has a market capitalization of $27.17 billion, a P/E ratio of 23.50, a PEG ratio of 2.75 and a beta of 0.86. The company has a 50-day simple moving average of $191.91 and a 200 day simple moving average of $200.11. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. 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 (NYSE:AVB) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The firm had revenue of $689.90 million for the quarter, compared to analysts’ expectations of $759.08 million. During the same period in the previous year, the business 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. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business 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 dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, September 30th. AvalonBay Communities’s payout ratio is presently 86.21%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AVB. Mizuho reaffirmed a “neutral” rating and issued a $199.00 price objective (down previously from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Morgan Stanley raised shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and decreased their price objective for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Scotiabank decreased their price objective on shares of AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating for the company in a report on Thursday, August 14th. Evercore ISI lifted their price objective on shares of AvalonBay Communities from $212.00 to $216.00 and gave the stock an “in-line” rating in a report on Monday, September 15th. Finally, Royal Bank Of Canada decreased their price objective on shares of AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $217.46.

AvalonBay Communities 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.