Advocate Group LLC Acquires 92 Shares of AvalonBay Communities, Inc. $AVB

Advocate Group LLC increased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 0.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,759 shares of the real estate investment trust’s stock after purchasing an additional 92 shares during the period. Advocate Group LLC’s holdings in AvalonBay Communities were worth $4,428,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Proathlete Wealth Management LLC bought a new stake in AvalonBay Communities in the 1st quarter valued at approximately $29,000. Opal Wealth Advisors LLC bought a new stake in AvalonBay Communities in the 1st quarter valued at approximately $33,000. Sound Income Strategies LLC increased its position 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 worth $38,000 after purchasing an additional 81 shares during the last quarter. Keystone Global Partners LLC acquired a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $45,000. Finally, Zions Bancorporation National Association UT acquired a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $50,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

Shares of NYSE AVB opened at $184.64 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s fifty day moving average price is $191.17 and its two-hundred day moving average price is $199.21. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29. The firm has a market cap of $26.29 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 2.66 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.02. The company had revenue of $689.90 million for the quarter, compared to analyst estimates 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 firm 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. On average, equities analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.8%. AvalonBay Communities’s dividend payout ratio (DPR) is 86.21%.

Analysts Set New Price Targets

AVB has been the topic of several recent analyst reports. Evercore ISI boosted their price target on AvalonBay Communities from $212.00 to $216.00 and gave the stock an “in-line” rating in a research report on Monday, September 15th. Royal Bank Of Canada lowered their price target on AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Mizuho reaffirmed a “neutral” rating and set a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. JPMorgan Chase & Co. lowered their price target on AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 17th. Finally, Wall Street Zen lowered 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, the stock has a consensus rating of “Hold” and a consensus price target 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.