Whittier Trust Co. Grows Stake in AvalonBay Communities, Inc. $AVB

Whittier Trust Co. increased its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 2.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,725 shares of the real estate investment trust’s stock after acquiring an additional 66 shares during the period. Whittier Trust Co.’s holdings in AvalonBay Communities were worth $555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Achmea Investment Management B.V. grew its position in AvalonBay Communities by 33.5% in 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 acquiring an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew 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. grew its position 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 worth $73,938,000 after acquiring an additional 28,608 shares in the last quarter. DAVENPORT & Co LLC grew its position 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 worth $251,000 after acquiring an additional 210 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in AvalonBay Communities in the first quarter worth about $526,000. Hedge funds and other institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Up 0.0%

Shares of NYSE:AVB opened at $189.41 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 firm has a market capitalization of $26.97 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. The business has a 50 day simple moving average of $191.07 and a two-hundred day simple moving average of $197.98. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year 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 (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.02. The firm had revenue of $689.90 million during 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 quarter in the previous year, the business 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. On average, equities analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on AVB shares. Evercore ISI dropped their price target on AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating for the company in a research report on Monday, October 13th. Wall Street Zen lowered AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Mizuho restated a “neutral” rating and set a $199.00 target price (down previously from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. BNP Paribas Exane lowered AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Finally, Barclays boosted their target price on AvalonBay Communities from $228.00 to $229.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 30th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, AvalonBay Communities presently has a consensus rating of “Hold” and an average price target 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.