Oppenheimer Asset Management Inc. Buys 888 Shares of AvalonBay Communities, Inc. $AVB

Oppenheimer Asset Management Inc. grew its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 11.8% in the 2nd quarter, Holdings Channel reports. The firm owned 8,443 shares of the real estate investment trust’s stock after purchasing an additional 888 shares during the period. Oppenheimer Asset Management Inc.’s holdings in AvalonBay Communities were worth $1,718,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its holdings in AvalonBay Communities by 27.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,744 shares of the real estate investment trust’s stock worth $589,000 after buying an additional 599 shares during the period. DAVENPORT & Co LLC grew its holdings in shares of AvalonBay Communities by 21.9% during the 1st quarter. DAVENPORT & Co LLC now owns 1,169 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 210 shares during the period. Checchi Capital Advisers LLC raised its position in shares of AvalonBay Communities by 30.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 1,976 shares of the real estate investment trust’s stock worth $424,000 after acquiring an additional 456 shares in the last quarter. GF Fund Management CO. LTD. raised its position in shares of AvalonBay Communities by 4.3% in the 1st quarter. GF Fund Management CO. LTD. now owns 2,694 shares of the real estate investment trust’s stock worth $578,000 after acquiring an additional 110 shares in the last quarter. Finally, IFM Investors Pty Ltd lifted its stake in shares of AvalonBay Communities by 5.0% in the 1st quarter. IFM Investors Pty Ltd now owns 62,961 shares of the real estate investment trust’s stock valued at $14,182,000 after purchasing an additional 2,993 shares during the period. Institutional investors own 92.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Morgan Stanley raised AvalonBay Communities from an “equal weight” rating to an “overweight” rating and reduced their price target for the stock from $228.00 to $225.00 in a research note on Wednesday, August 13th. Evercore ISI dropped their target price on shares of AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating on the stock in a report on Monday, October 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of AvalonBay Communities in a research report on Tuesday, October 14th. Royal Bank Of Canada lowered their price target on shares of AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Finally, BNP Paribas lowered shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $217.31.

AvalonBay Communities Trading Down 0.9%

NYSE AVB opened at $174.71 on Friday. AvalonBay Communities, Inc. has a 12 month low of $166.73 and a 12 month high of $239.29. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. The stock’s fifty day moving average price is $190.31 and its 200-day moving average price is $197.63. The stock has a market cap of $24.88 billion, a P/E ratio of 21.33, a P/E/G ratio of 2.54 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.06). The company had revenue of $682.36 million during the quarter, compared to analysts’ expectations of $766.22 million. AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.During the same period in the prior year, the firm earned $2.74 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.150-11.35 EPS. Q4 2025 guidance at 2.800-2.90 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 company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 30th. AvalonBay Communities’s dividend payout ratio is currently 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.