GAMMA Investing LLC Lowers Holdings in AvalonBay Communities, Inc. $AVB

GAMMA Investing LLC trimmed its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,478 shares of the real estate investment trust’s stock after selling 87 shares during the quarter. GAMMA Investing LLC’s holdings in AvalonBay Communities were worth $504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AVB. Lewis Asset Management LLC purchased a new stake in shares of AvalonBay Communities during the second quarter valued at approximately $331,000. CX Institutional increased its position in shares of AvalonBay Communities by 6.3% during the second quarter. CX Institutional now owns 973 shares of the real estate investment trust’s stock valued at $198,000 after acquiring an additional 58 shares in the last quarter. Global X Japan Co. Ltd. raised its holdings in AvalonBay Communities by 23.5% in the 2nd quarter. Global X Japan Co. Ltd. now owns 458 shares of the real estate investment trust’s stock worth $93,000 after acquiring an additional 87 shares during the last quarter. Perpetual Ltd lifted its position in AvalonBay Communities by 0.5% in the 2nd quarter. Perpetual Ltd now owns 10,650 shares of the real estate investment trust’s stock valued at $2,167,000 after acquiring an additional 50 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in AvalonBay Communities by 1.8% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 256,151 shares of the real estate investment trust’s stock valued at $52,127,000 after purchasing an additional 4,558 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on AVB. Royal Bank Of Canada decreased their price target on AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Evercore ISI upped their target price on shares of AvalonBay Communities from $212.00 to $216.00 and gave the company an “in-line” rating in a research note on Monday, September 15th. JPMorgan Chase & Co. dropped their price target on shares of AvalonBay Communities from $251.00 to $249.00 and set an “overweight” rating on the stock in a report on Tuesday, June 17th. Morgan Stanley raised shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $228.00 to $225.00 in a report on Wednesday, August 13th. Finally, UBS Group dropped their target price 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. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, AvalonBay Communities has an average rating of “Hold” and an average price target of $218.42.

AvalonBay Communities Stock Down 0.6%

AVB opened at $191.67 on Friday. The firm’s 50 day simple moving average is $193.13 and its two-hundred day simple moving average is $200.93. The company has a market capitalization of $27.29 billion, a PE ratio of 23.60, a PEG ratio of 2.78 and a beta of 0.87. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year 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.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data 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. The firm had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same period in the prior year, the business posted $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. As a group, equities analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

AvalonBay Communities Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $1.75 per share. The ex-dividend date is Tuesday, September 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 3.7%. AvalonBay Communities’s payout ratio is 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.