Shell Asset Management Co. Sells 2,711 Shares of AvalonBay Communities, Inc. $AVB

Shell Asset Management Co. lowered its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 16.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,051 shares of the real estate investment trust’s stock after selling 2,711 shares during the quarter. Shell Asset Management Co.’s holdings in AvalonBay Communities were worth $2,859,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AVB. Proathlete Wealth Management LLC bought a new stake in AvalonBay Communities during the 1st quarter worth about $29,000. Opal Wealth Advisors LLC bought a new stake in AvalonBay Communities during the 1st quarter worth about $33,000. Sound Income Strategies LLC lifted its position in 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 purchasing an additional 81 shares during the period. Keystone Global Partners LLC acquired a new position in AvalonBay Communities during the 1st quarter valued at about $45,000. Finally, Zions Bancorporation National Association UT acquired a new position in AvalonBay Communities during the 1st quarter valued at about $50,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

Shares of NYSE:AVB opened at $187.48 on Wednesday. The company has a market capitalization of $26.69 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.70 and a beta of 0.86. The firm’s 50 day simple moving average is $191.38 and its 200 day simple moving average is $199.80. 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, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.02. The business had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same period last year, the company posted $2.77 EPS. 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, sell-side analysts forecast 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 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 dividend payout ratio (DPR) is 86.21%.

Analysts Set New Price Targets

A number of research firms have issued reports on AVB. BNP Paribas downgraded shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. cut their target price on shares of AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 17th. Morgan Stanley upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. Weiss Ratings restated a “hold (c+)” rating on shares of AvalonBay Communities in a research report on Saturday, September 27th. Finally, Wall Street Zen downgraded shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Five equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat, AvalonBay Communities currently has an average rating of “Hold” and a consensus target price of $217.46.

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.