Avidian Wealth Enterprises LLC Makes New Investment in AvalonBay Communities, Inc. $AVB

Avidian Wealth Enterprises LLC purchased a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 1,279 shares of the real estate investment trust’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Achmea Investment Management B.V. boosted its stake in 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 valued at $4,951,000 after buying an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position 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 worth $10,404,000 after acquiring an additional 2,243 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in AvalonBay Communities by 9.1% in the 1st 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 acquiring an additional 28,608 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of AvalonBay Communities by 21.9% during the 1st 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. Finally, Jump Financial LLC bought a new position in shares of AvalonBay Communities during the 1st quarter valued at about $526,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $189.41 on Friday. The company has a market capitalization of $26.97 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 2.73 and a beta of 0.86. AvalonBay Communities, Inc. has a 1-year low of $180.40 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 stock’s fifty day simple moving average is $191.07 and its 200-day simple moving average is $197.98.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.80 by $0.02. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The firm had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. 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. On average, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.7%. AvalonBay Communities’s payout ratio is presently 86.21%.

Wall Street Analyst Weigh In

Several research firms recently commented on AVB. Truist Financial raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating and cut their target price for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. BNP Paribas downgraded AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. Morgan Stanley raised AvalonBay Communities from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $228.00 to $225.00 in a research note on Wednesday, August 13th. Evercore ISI cut their target price on AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating on the stock in a research report on Monday, October 13th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $200.00 target price (down from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $217.31.

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.