AvalonBay Communities (NYSE:AVB) Price Target Raised to $216.00 at Evercore ISI

AvalonBay Communities (NYSE:AVB) had its price target upped by Evercore ISI from $212.00 to $216.00 in a report released on Monday morning,Benzinga reports. The firm currently has an in-line rating on the real estate investment trust’s stock.

A number of other analysts have also recently commented on the stock. Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and lowered their price objective for the company from $224.00 to $218.00 in a research report on Thursday, September 11th. Wall Street Zen cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. JPMorgan Chase & Co. lowered their price objective on shares of AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating for the company in a research report on Tuesday, June 17th. Scotiabank lowered their price objective on shares of AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating for the company in a research report on Thursday, August 14th. Finally, UBS Group lowered their target price on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a report on Tuesday, July 15th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities currently has an average rating of “Hold” and an average price target of $218.42.

AvalonBay Communities Trading Up 0.2%

AVB stock opened at $192.68 on Monday. AvalonBay Communities has a 1-year low of $180.40 and a 1-year high of $239.29. The firm has a market cap of $27.43 billion, a P/E ratio of 23.73, a P/E/G ratio of 2.77 and a beta of 0.87. The business’s 50 day moving average is $194.16 and its 200-day moving average is $202.11. 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, 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. 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 the consensus estimate of $759.08 million. During the same quarter in the prior year, the business earned $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 analysts anticipate that AvalonBay Communities will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The business also recently announced 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. This represents a $7.00 dividend on an annualized basis and a yield of 3.6%. AvalonBay Communities’s dividend payout ratio is currently 86.21%.

Institutional Trading of AvalonBay Communities

A number of hedge funds have recently added to or reduced their stakes in the stock. Perpetual Ltd boosted its position 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 buying an additional 50 shares in the last quarter. Baker Tilly Wealth Management LLC boosted its position in AvalonBay Communities by 1.8% in the first quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust’s stock valued at $697,000 after buying an additional 58 shares in the last quarter. CX Institutional lifted its holdings in shares of AvalonBay Communities by 6.3% during the second quarter. CX Institutional now owns 973 shares of the real estate investment trust’s stock worth $198,000 after purchasing an additional 58 shares during the period. Golden State Equity Partners lifted its holdings in shares of AvalonBay Communities by 3.7% during the first quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 60 shares during the period. Finally, Probity Advisors Inc. lifted its holdings in shares of 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 purchasing an additional 60 shares during the period. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Company 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.