AvalonBay Communities, Inc. $AVB Shares Purchased by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,524 shares of the real estate investment trust’s stock after acquiring an additional 277 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in AvalonBay Communities were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of AVB. Nuveen LLC acquired a new position in shares of AvalonBay Communities during the 1st quarter valued at about $280,226,000. GAMMA Investing LLC lifted its position in AvalonBay Communities by 21,024.3% in the first quarter. GAMMA Investing LLC now owns 550,500 shares of the real estate investment trust’s stock valued at $118,148,000 after buying an additional 547,894 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in AvalonBay Communities by 7.1% in the first 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 buying an additional 367,853 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AvalonBay Communities in the fourth quarter valued at about $78,759,000. Finally, Public Employees Retirement System of Ohio acquired a new position in AvalonBay Communities in the fourth quarter valued at about $59,023,000. Institutional investors and hedge funds own 92.61% of the company’s stock.

Analysts Set New Price Targets

AVB has been the topic of a number of recent analyst reports. Morgan Stanley raised shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and decreased their target price for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. Barclays decreased their target price on shares of AvalonBay Communities from $241.00 to $228.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 12th. JPMorgan Chase & Co. cut their price target on shares of AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 17th. UBS Group cut their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 15th. Finally, Royal Bank Of Canada cut their price target on shares of AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $218.42.

AvalonBay Communities Price Performance

Shares of NYSE AVB opened at $192.68 on Thursday. 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 stock has a fifty day moving average price of $194.16 and a 200 day moving average price of $202.11. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The company has a market cap of $27.43 billion, a PE ratio of 23.73, a P/E/G ratio of 2.77 and a beta of 0.87.

AvalonBay Communities (NYSE:AVB) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $759.08 million. During the same period last year, the company 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 forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $1.75 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.6%. AvalonBay Communities’s dividend payout ratio is presently 86.21%.

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.