Securian Asset Management Inc. Cuts Holdings in AvalonBay Communities, Inc. $AVB

Securian Asset Management Inc. trimmed its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,426 shares of the real estate investment trust’s stock after selling 107 shares during the quarter. Securian Asset Management Inc.’s holdings in AvalonBay Communities were worth $1,511,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AVB. Phoenix Financial Ltd. increased its position in shares of AvalonBay Communities by 14.2% in the 2nd quarter. Phoenix Financial Ltd. now owns 1,143 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 142 shares during the period. Avidian Wealth Enterprises LLC acquired a new position in shares of AvalonBay Communities in the 2nd quarter valued at $260,000. Stephens Inc. AR increased its position in shares of AvalonBay Communities by 1,199.9% in the 2nd quarter. Stephens Inc. AR now owns 26,985 shares of the real estate investment trust’s stock valued at $5,491,000 after acquiring an additional 24,909 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of AvalonBay Communities in the 2nd quarter valued at $27,627,000. Finally, Spirit of America Management Corp NY increased its position in shares of AvalonBay Communities by 2.4% in the 2nd quarter. Spirit of America Management Corp NY now owns 17,290 shares of the real estate investment trust’s stock valued at $3,519,000 after acquiring an additional 400 shares during the period. 92.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AVB shares. Wall Street Zen downgraded AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Truist Financial raised shares of AvalonBay Communities from a “hold” rating to a “buy” rating and lowered their price target for the company from $224.00 to $218.00 in a report on Thursday, September 11th. Wells Fargo & Company lowered their price target on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. Mizuho reaffirmed a “neutral” rating and issued a $199.00 price target (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Finally, Barclays upped their price target 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. Five equities research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, AvalonBay Communities has a consensus rating of “Hold” and a consensus target price of $217.31.

AvalonBay Communities Trading Up 1.1%

AVB stock opened at $189.18 on Thursday. The company’s 50-day simple moving average is $191.07 and its 200-day simple moving average is $197.97. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a 52-week low of $180.40 and a 52-week high of $239.29. The firm has a market cap of $26.93 billion, a P/E ratio of 23.30, a PEG ratio of 2.70 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same period in the prior 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. As a group, equities analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal 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 was Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a yield of 3.7%. AvalonBay Communities’s dividend payout ratio is presently 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.