MGO One Seven LLC Buys 365 Shares of AvalonBay Communities, Inc. $AVB

MGO One Seven LLC lifted its stake in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 16.2% during the second quarter, Holdings Channel.com reports. The firm owned 2,618 shares of the real estate investment trust’s stock after acquiring an additional 365 shares during the period. MGO One Seven LLC’s holdings in AvalonBay Communities were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVB. Exchange Traded Concepts LLC boosted its position in shares of AvalonBay Communities by 9.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,739 shares of the real estate investment trust’s stock worth $588,000 after purchasing an additional 226 shares in the last quarter. Global X Japan Co. Ltd. boosted its position in shares of AvalonBay Communities by 24.9% during the 1st quarter. Global X Japan Co. Ltd. now owns 371 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 74 shares in the last quarter. Blue Trust Inc. boosted its position in shares of AvalonBay Communities by 36.4% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the real estate investment trust’s stock worth $236,000 after purchasing an additional 293 shares in the last quarter. Proathlete Wealth Management LLC bought a new position in shares of AvalonBay Communities during the 1st quarter worth about $29,000. Finally, Spirit of America Management Corp NY boosted its position in shares of AvalonBay Communities by 11.2% during the 1st quarter. Spirit of America Management Corp NY now owns 16,890 shares of the real estate investment trust’s stock worth $3,625,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Price Performance

AvalonBay Communities stock opened at $186.92 on Friday. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The company’s 50 day moving average price is $191.07 and its two-hundred day moving average price is $198.32. 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 stock has a market cap of $26.61 billion, a P/E ratio of 23.02, a P/E/G ratio of 2.66 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping 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 firm had revenue of $689.90 million for the quarter, compared to analysts’ expectations of $759.08 million. During the same quarter last year, the firm earned $2.77 EPS. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. On average, equities analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given 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 3.7%. AvalonBay Communities’s dividend payout ratio (DPR) is currently 86.21%.

Analyst Ratings Changes

A number of research firms have recently issued reports on AVB. Weiss Ratings reissued a “hold (c)” rating on shares of AvalonBay Communities in a research report on Tuesday. Mizuho reaffirmed a “neutral” rating and issued a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Morgan Stanley raised shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. Piper Sandler reaffirmed a “neutral” rating and issued a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Finally, BNP Paribas Exane cut shares of AvalonBay Communities from an “outperform” rating to a “neutral” rating in a research report on Monday, September 29th. Five analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $217.31.

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.