Malaga Cove Capital LLC Has $2.85 Million Stock Holdings in AvalonBay Communities, Inc. $AVB

Malaga Cove Capital LLC lifted its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,985 shares of the real estate investment trust’s stock after acquiring an additional 745 shares during the quarter. AvalonBay Communities makes up approximately 1.1% of Malaga Cove Capital LLC’s investment portfolio, making the stock its 23rd largest position. Malaga Cove Capital LLC’s holdings in AvalonBay Communities were worth $2,846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Perpetual Ltd grew its stake in AvalonBay Communities by 0.5% in the second quarter. Perpetual Ltd now owns 10,650 shares of the real estate investment trust’s stock valued at $2,167,000 after purchasing an additional 50 shares in the last quarter. CX Institutional grew its stake in shares of AvalonBay Communities by 6.3% in the second quarter. CX Institutional now owns 973 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 58 shares in the last quarter. Probity Advisors Inc. increased its holdings in AvalonBay Communities by 2.7% during the second quarter. Probity Advisors Inc. now owns 2,243 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 60 shares during the last quarter. Benjamin Edwards Inc. raised its position in AvalonBay Communities by 1.0% during the first quarter. Benjamin Edwards Inc. now owns 6,417 shares of the real estate investment trust’s stock worth $1,377,000 after acquiring an additional 64 shares in the last quarter. Finally, Roundview Capital LLC lifted its stake in AvalonBay Communities by 1.7% in the first quarter. Roundview Capital LLC now owns 3,950 shares of the real estate investment trust’s stock valued at $848,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 92.61% of the company’s stock.

Wall Street Analyst Weigh In

AVB has been the topic of a number of research analyst reports. Barclays upped their target price on shares of AvalonBay Communities from $228.00 to $229.00 and gave the company an “equal weight” rating in a report on Tuesday, September 30th. Cantor Fitzgerald started coverage on AvalonBay Communities in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $205.00 price objective on the stock. Morgan Stanley upgraded AvalonBay Communities from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $228.00 to $225.00 in a research note on Wednesday, August 13th. Scotiabank decreased their target price on AvalonBay Communities from $215.00 to $193.00 and set a “sector perform” rating on the stock in a report on Tuesday. Finally, Piper Sandler cut their price target on AvalonBay Communities from $200.00 to $190.00 and set a “neutral” rating for the company in a report on Monday. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat, AvalonBay Communities has an average rating of “Hold” and a consensus target price of $212.92.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $175.14 on Friday. The stock has a 50 day simple moving average of $188.54 and a 200 day simple moving average of $196.73. The stock has a market cap of $24.94 billion, a P/E ratio of 21.38, a PEG ratio of 2.54 and a beta of 0.84. AvalonBay Communities, Inc. has a 1-year low of $166.73 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.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.The firm had revenue of $682.36 million for the quarter, compared to the consensus estimate of $766.22 million. During the same quarter in the previous year, the business earned $2.74 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.150-11.35 EPS. Q4 2025 guidance at 2.800-2.90 EPS. Research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $1.75 dividend. 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 4.0%. AvalonBay Communities’s payout ratio is currently 85.47%.

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.