Assetmark Inc. Boosts Stock Holdings in AvalonBay Communities, Inc. $AVB

Assetmark Inc. increased its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 16.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 20,621 shares of the real estate investment trust’s stock after purchasing an additional 2,900 shares during the period. Assetmark Inc.’s holdings in AvalonBay Communities were worth $4,196,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Sound Income Strategies LLC raised its holdings in AvalonBay Communities by 76.4% during the second quarter. Sound Income Strategies LLC now owns 187 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 81 shares in the last quarter. Keystone Global Partners LLC acquired a new position in AvalonBay Communities during the first quarter worth about $45,000. Zions Bancorporation National Association UT acquired a new position in AvalonBay Communities during the first quarter worth about $50,000. Capital Analysts LLC grew its position in AvalonBay Communities by 48.5% during the first quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust’s stock worth $53,000 after buying an additional 80 shares during the period. Finally, Hilltop National Bank acquired a new position in AvalonBay Communities during the second quarter worth about $58,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Stock Up 0.8%

AVB stock opened at $175.33 on Tuesday. The company’s 50 day simple moving average is $189.59 and its 200-day simple moving average is $197.21. The firm has a market capitalization of $24.96 billion, a PE ratio of 21.41, a P/E/G ratio of 2.54 and a beta of 0.86. AvalonBay Communities, Inc. has a 12 month low of $166.73 and a 12 month high of $239.29. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70.

AvalonBay Communities (NYSE:AVB) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $2.75 EPS for the quarter, missing the consensus estimate of $2.81 by ($0.06). The business had revenue of $682.36 million during the quarter, compared to analyst estimates of $766.22 million. AvalonBay Communities had a net margin of 38.78% and a return on equity of 9.75%. During the same quarter in the prior year, the company earned $2.74 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.150-11.35 EPS. Q4 2025 guidance at 2.800-2.90 EPS. Equities analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $7.00 annualized dividend and a dividend yield of 4.0%. AvalonBay Communities’s dividend payout ratio is presently 85.47%.

Analyst Ratings Changes

Several brokerages have weighed in on AVB. Evercore ISI restated an “in-line” rating and set a $214.00 target price on shares of AvalonBay Communities in a research report on Monday. Royal Bank Of Canada lowered their target price on shares of AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. UBS Group lowered their target price on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 15th. Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and lowered their target price for the stock from $224.00 to $218.00 in a research report on Thursday, September 11th. Finally, Barclays upped their target price on shares of AvalonBay Communities from $228.00 to $229.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 30th. Five analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $216.54.

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.