Klein Pavlis & Peasley Financial Inc. Increases Stock Position in AvalonBay Communities, Inc. $AVB

Klein Pavlis & Peasley Financial Inc. grew its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 5.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,928 shares of the real estate investment trust’s stock after buying an additional 341 shares during the period. Klein Pavlis & Peasley Financial Inc.’s holdings in AvalonBay Communities were worth $1,410,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in AvalonBay Communities by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 22,672,682 shares of the real estate investment trust’s stock valued at $4,866,011,000 after purchasing an additional 96,790 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in AvalonBay Communities by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust’s stock worth $1,184,712,000 after buying an additional 367,853 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in AvalonBay Communities by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust’s stock worth $818,653,000 after buying an additional 143,646 shares in the last quarter. Northern Trust Corp lifted its holdings in AvalonBay Communities by 5.2% in the 1st quarter. Northern Trust Corp now owns 2,779,484 shares of the real estate investment trust’s stock worth $596,533,000 after buying an additional 136,741 shares in the last quarter. Finally, Wellington Management Group LLP lifted its holdings in AvalonBay Communities by 4.2% in the 1st quarter. Wellington Management Group LLP now owns 2,594,073 shares of the real estate investment trust’s stock worth $556,740,000 after buying an additional 105,098 shares in the last quarter. 92.61% of the stock is owned by hedge funds and other institutional investors.

AvalonBay Communities Price Performance

NYSE AVB opened at $195.00 on Monday. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week 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 has a market cap of $27.76 billion, a price-to-earnings ratio of 24.02, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. The company has a 50-day moving average price of $192.98 and a two-hundred day moving average price of $200.69.

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, beating the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The business had revenue of $689.90 million during the quarter, compared to analysts’ expectations of $759.08 million. During the same period last year, the firm posted $2.77 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. Analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The firm 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 dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 30th. AvalonBay Communities’s dividend payout ratio is presently 86.21%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Morgan Stanley upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Mizuho reiterated a “neutral” rating and issued a $199.00 price objective (down previously from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. UBS Group cut their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Evercore ISI boosted their price objective on AvalonBay Communities from $212.00 to $216.00 and gave the company an “in-line” rating in a report on Monday, September 15th. Finally, Wall Street Zen lowered shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, AvalonBay Communities has an average rating of “Hold” and a consensus price target of $218.42.

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.