Presima Securities ULC Buys 152 Shares of AvalonBay Communities, Inc. $AVB

Presima Securities ULC lifted its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 2.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,438 shares of the real estate investment trust’s stock after buying an additional 152 shares during the period. Presima Securities ULC’s holdings in AvalonBay Communities were worth $1,514,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in AVB. Nuveen LLC bought a new stake in shares of AvalonBay Communities in the first quarter valued at about $280,226,000. PGGM Investments lifted its stake in shares of AvalonBay Communities by 7,782.9% in the second quarter. PGGM Investments now owns 478,966 shares of the real estate investment trust’s stock valued at $97,470,000 after buying an additional 472,890 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 period. JPMorgan Chase & Co. lifted its stake in shares of AvalonBay Communities by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust’s stock valued at $818,653,000 after buying an additional 143,646 shares during the period. Finally, Strs Ohio bought a new stake in shares of AvalonBay Communities in the first quarter valued at about $30,453,000. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

NYSE:AVB opened at $174.26 on Friday. AvalonBay Communities, Inc. has a 1 year low of $166.73 and a 1 year high of $239.29. The firm has a 50 day moving average of $189.93 and a 200-day moving average of $197.44. 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 has a market capitalization of $24.81 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 2.54 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.81 by ($0.06). AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.75%. The firm had revenue of $682.36 million during the quarter, compared to the consensus estimate of $766.22 million. During the same quarter last year, the firm posted $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, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

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. The ex-dividend date was Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 4.0%. AvalonBay Communities’s payout ratio is 85.47%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. BNP Paribas cut shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Scotiabank cut their price target on shares of AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating for the company in a research note on Thursday, August 14th. Weiss Ratings restated a “hold (c)” rating on shares of AvalonBay Communities in a research note on Tuesday, October 14th. Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and cut their price target for the stock from $224.00 to $218.00 in a research note on Thursday, September 11th. 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 for the company in a research note on Friday, August 1st. Five analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $217.31.

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.