VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 135,760 AvalonBay Communities, Inc. $AVB

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in AvalonBay Communities, Inc. (NYSE:AVB) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 135,760 shares of the real estate investment trust’s stock, valued at approximately $27,627,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sound Income Strategies LLC lifted its holdings in 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 valued at $38,000 after acquiring an additional 81 shares during the last quarter. Keystone Global Partners LLC acquired a new stake in AvalonBay Communities during the 1st quarter worth about $45,000. Zions Bancorporation National Association UT acquired a new stake in AvalonBay Communities during the 1st quarter worth about $50,000. Capital Analysts LLC raised its holdings in AvalonBay Communities by 48.5% during the 1st 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 stake in AvalonBay Communities during the 2nd quarter worth about $58,000. 92.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on AVB shares. Wells Fargo & Company cut their price objective on AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating on the stock in a report on Wednesday, August 27th. UBS Group cut their price objective on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Weiss Ratings restated a “hold (c)” rating on shares of AvalonBay Communities in a report on Tuesday, October 14th. Evercore ISI cut their price objective on AvalonBay Communities from $216.00 to $214.00 and set an “in-line” rating on the stock in a report on Monday, October 13th. Finally, Cantor Fitzgerald started coverage on AvalonBay Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 price objective on the stock. Five investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $217.31.

AvalonBay Communities Price Performance

Shares of AVB opened at $186.92 on Monday. The company has a market capitalization of $26.61 billion, a price-to-earnings ratio of 23.02, a P/E/G ratio of 2.70 and a beta of 0.86. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week 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. The business’s 50-day moving average is $191.07 and its 200-day moving average is $198.14.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.80 by $0.02. The company had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same quarter in the prior year, the company 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. Equities research analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $1.75 dividend. 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 payout ratio is presently 86.21%.

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.