AvalonBay Communities, Inc. $AVB Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC lifted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 11.3% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 2,362 shares of the real estate investment trust’s stock after purchasing an additional 240 shares during the period. Tectonic Advisors LLC’s holdings in AvalonBay Communities were worth $481,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Achmea Investment Management B.V. grew its position in shares of AvalonBay Communities by 33.5% during the first quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust’s stock worth $4,951,000 after buying an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in AvalonBay Communities by 4.9% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust’s stock valued at $10,404,000 after purchasing an additional 2,243 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in AvalonBay Communities by 9.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust’s stock valued at $73,938,000 after purchasing an additional 28,608 shares in the last quarter. Figure 8 Investment Strategies LLC acquired a new position in AvalonBay Communities in the first quarter valued at approximately $1,272,000. Finally, DAVENPORT & Co LLC boosted its holdings in AvalonBay Communities by 21.9% in the first quarter. DAVENPORT & Co LLC now owns 1,169 shares of the real estate investment trust’s stock valued at $251,000 after purchasing an additional 210 shares in the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Price Performance

AVB stock opened at $184.64 on Friday. The company has a market capitalization of $26.29 billion, a P/E ratio of 22.74, a PEG ratio of 2.68 and a beta of 0.86. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The business has a 50 day simple moving average of $191.17 and a 200-day simple moving average of $199.31. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71.

AvalonBay Communities (NYSE:AVB) last posted 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. The business had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same period in the prior year, the company 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, equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, September 30th. AvalonBay Communities’s dividend payout ratio is 86.21%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Mizuho reaffirmed a “neutral” rating and issued a $199.00 price target (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. UBS Group lowered their price target on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Piper Sandler reaffirmed a “neutral” rating and issued a $200.00 price target (down from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. BNP Paribas Exane downgraded AvalonBay Communities from an “outperform” rating to a “neutral” rating in a report on Monday, September 29th. Finally, Royal Bank Of Canada lowered their price target on 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 research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.