AvalonBay Communities (NYSE:AVB) Raised to “Hold” at Wall Street Zen

AvalonBay Communities (NYSE:AVB) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other brokerages have also recently commented on AVB. BNP Paribas cut AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of AvalonBay Communities in a research note on Tuesday, October 14th. Truist Financial upgraded AvalonBay Communities from a “hold” rating to a “buy” rating and dropped their price target for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. Wells Fargo & Company lowered their target price on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a research report on Wednesday, August 27th. Finally, Morgan Stanley raised AvalonBay Communities from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $228.00 to $225.00 in a research report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat.com, AvalonBay Communities has an average rating of “Hold” and a consensus target price of $217.31.

AvalonBay Communities Stock Performance

AVB stock opened at $174.26 on Friday. The business’s fifty day moving average is $189.93 and its 200-day moving average is $197.40. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a market cap 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 has a twelve month low of $166.73 and a twelve month high of $239.29.

AvalonBay Communities (NYSE:AVB) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.75%. The company had revenue of $682.36 million during the quarter, compared to the consensus estimate of $766.22 million. During the same quarter in the previous year, the business 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. Equities research analysts forecast that AvalonBay Communities will post 11.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in AVB. Mather Group LLC. bought a new position in shares of AvalonBay Communities in the 3rd quarter worth about $30,000. Clearstead Trust LLC raised its position in shares of AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 62 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of AvalonBay Communities in the 2nd quarter worth about $36,000. Sound Income Strategies LLC raised its position in shares of AvalonBay Communities by 76.4% in the 2nd quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 81 shares in the last quarter. Finally, Keystone Global Partners LLC bought a new position in shares of AvalonBay Communities in the 1st quarter worth about $45,000. 92.61% of the stock is owned by institutional investors.

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.