Huntington National Bank Has $7.15 Million Stake in AvalonBay Communities, Inc. $AVB

Huntington National Bank lifted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 7.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,116 shares of the real estate investment trust’s stock after acquiring an additional 2,408 shares during the quarter. Huntington National Bank’s holdings in AvalonBay Communities were worth $7,146,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC boosted its holdings in shares of AvalonBay Communities by 76.4% during the 2nd 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. Keystone Global Partners LLC acquired a new stake in shares of AvalonBay Communities during the 1st quarter valued at $45,000. Zions Bancorporation National Association UT acquired a new stake in shares of AvalonBay Communities during the 1st quarter valued at $50,000. Capital Analysts LLC boosted its holdings in shares of 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 acquiring an additional 80 shares in the last quarter. Finally, Hilltop National Bank acquired a new stake in shares of AvalonBay Communities during the 2nd quarter valued at $58,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AVB shares. BNP Paribas downgraded AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Morgan Stanley raised AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Piper Sandler cut their target price on AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating on the stock in a report on Monday. Wells Fargo & Company cut their target price on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Finally, Scotiabank cut their target price on AvalonBay Communities from $215.00 to $193.00 and set a “sector perform” rating on the stock in a report on Tuesday. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $212.92.

AvalonBay Communities Stock Performance

AVB stock opened at $176.04 on Wednesday. The stock has a 50-day moving average price of $189.26 and a 200-day moving average price of $197.02. AvalonBay Communities, Inc. has a 1-year low of $166.73 and a 1-year 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. The firm has a market cap of $25.07 billion, a PE ratio of 21.49, a price-to-earnings-growth ratio of 2.54 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.The business had revenue of $682.36 million during the quarter, compared to the consensus estimate of $766.22 million. During the same period 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. As a group, equities research analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.75 per share. 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 currently 85.47%.

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.