Allianz Asset Management GmbH Has $32.66 Million Position in AvalonBay Communities, Inc. $AVB

Allianz Asset Management GmbH lowered its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 12.7% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 160,465 shares of the real estate investment trust’s stock after selling 23,356 shares during the period. Allianz Asset Management GmbH owned approximately 0.11% of AvalonBay Communities worth $32,655,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Achmea Investment Management B.V. lifted 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 worth $4,951,000 after purchasing an additional 5,791 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in AvalonBay Communities by 4.9% during 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 purchasing an additional 2,243 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in AvalonBay Communities by 9.1% during 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 purchasing an additional 28,608 shares during the period. Figure 8 Investment Strategies LLC bought a new position in AvalonBay Communities during the first quarter worth about $1,272,000. Finally, DAVENPORT & Co LLC lifted its stake in AvalonBay Communities by 21.9% during the first quarter. DAVENPORT & Co LLC now owns 1,169 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 210 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

AVB opened at $186.92 on Friday. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29. 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 company’s 50 day simple moving average is $191.07 and its 200-day simple moving average is $198.20. The stock has a market capitalization of $26.61 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, beating the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The business had revenue of $689.90 million for the quarter, compared to analysts’ expectations of $759.08 million. During the same period in the prior year, the firm 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. Sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

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

Wall Street Analyst Weigh In

AVB has been the subject of a number of analyst reports. BNP Paribas cut shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Piper Sandler restated a “neutral” rating and set a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. UBS Group dropped their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Truist Financial raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $224.00 to $218.00 in a report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AvalonBay Communities in a report on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $217.31.

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.