AvalonBay Communities, Inc. $AVB Position Decreased by West Oak Capital LLC

West Oak Capital LLC decreased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,510 shares of the real estate investment trust’s stock after selling 125 shares during the period. West Oak Capital 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 institutional investors and hedge funds also recently modified their holdings of the stock. Perpetual Ltd lifted its position in shares of AvalonBay Communities by 0.5% during the 2nd quarter. Perpetual Ltd now owns 10,650 shares of the real estate investment trust’s stock valued at $2,167,000 after acquiring an additional 50 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its position in shares of AvalonBay Communities by 1.8% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust’s stock valued at $697,000 after acquiring an additional 58 shares during the last quarter. CX Institutional lifted its position in shares of AvalonBay Communities by 6.3% during the 2nd quarter. CX Institutional now owns 973 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 58 shares during the last quarter. Golden State Equity Partners lifted its position in shares of AvalonBay Communities by 3.7% during the 1st quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust’s stock valued at $356,000 after acquiring an additional 60 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of AvalonBay Communities by 1.0% during the 1st quarter. Benjamin Edwards Inc. now owns 6,417 shares of the real estate investment trust’s stock valued at $1,377,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wall Street Zen lowered shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Piper Sandler reaffirmed a “neutral” rating and set a $200.00 price objective (down from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. JPMorgan Chase & Co. reduced their price objective on shares of AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating for the company in a research note on Tuesday, June 17th. Evercore ISI upped their price objective on shares of AvalonBay Communities from $212.00 to $216.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. Finally, Royal Bank Of Canada reduced 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 research note on Friday, August 1st. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $218.42.

AvalonBay Communities Price Performance

Shares of AVB opened at $193.21 on Tuesday. The firm has a market cap of $27.51 billion, a PE ratio of 23.79, a PEG ratio of 2.78 and a beta of 0.87. The firm’s 50 day moving average price is $193.63 and its 200 day moving average price is $201.21. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating 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 analyst estimates of $759.08 million. During the same quarter last year, the firm 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. As a group, research analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $1.75 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.6%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 86.21%.

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.