Callan Family Office LLC Purchases New Position in AvalonBay Communities, Inc. $AVB

Callan Family Office LLC purchased a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,366 shares of the real estate investment trust’s stock, valued at approximately $481,000.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in AvalonBay Communities by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 22,672,682 shares of the real estate investment trust’s stock valued at $4,866,011,000 after purchasing an additional 96,790 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in AvalonBay Communities by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust’s stock valued at $1,184,712,000 after purchasing an additional 367,853 shares during the period. JPMorgan Chase & Co. increased its holdings in AvalonBay Communities by 3.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust’s stock valued at $818,653,000 after purchasing an additional 143,646 shares during the period. Northern Trust Corp increased its holdings in AvalonBay Communities by 5.2% during the 1st quarter. Northern Trust Corp now owns 2,779,484 shares of the real estate investment trust’s stock valued at $596,533,000 after purchasing an additional 136,741 shares during the period. Finally, Wellington Management Group LLP increased its holdings in AvalonBay Communities by 4.2% during the 1st quarter. Wellington Management Group LLP now owns 2,594,073 shares of the real estate investment trust’s stock valued at $556,740,000 after purchasing an additional 105,098 shares during the period. Hedge funds and other institutional investors own 92.61% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AVB. Wall Street Zen downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday, September 13th. JPMorgan Chase & Co. reduced their target price on AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating on the stock in a report on Tuesday, June 17th. Wells Fargo & Company reduced their target price on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. 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 report on Wednesday, August 13th. Finally, UBS Group reduced their target price on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $217.31.

AvalonBay Communities Stock Performance

Shares of AVB opened at $185.33 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average price is $191.19 and its 200-day moving average price is $198.82. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The stock has a market cap of $26.39 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.66 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $759.08 million. During the same period in the previous 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. Equities research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal 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 given 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 is 86.21%.

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.