AvalonBay Communities, Inc. (NYSE:AVB) Receives Consensus Recommendation of “Hold” from Analysts

Shares of AvalonBay Communities, Inc. (NYSE:AVB) have received an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Twelve equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $217.4615.

Several research analysts have recently issued reports on AVB shares. Weiss Ratings restated a “hold (c+)” rating on shares of AvalonBay Communities in a report on Saturday, September 27th. Morgan Stanley upgraded shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. BNP Paribas cut shares of AvalonBay Communities from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. UBS Group cut 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. Finally, JPMorgan Chase & Co. cut their target price 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.

AvalonBay Communities Trading Up 0.4%

AVB stock opened at $190.81 on Tuesday. The company has a market capitalization of $27.17 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 2.75 and a beta of 0.86. AvalonBay Communities has a one year low of $180.40 and a one year high of $239.29. The company’s 50 day moving average price is $191.91 and its two-hundred day moving average price is $200.11. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70.

AvalonBay Communities (NYSE:AVB) last posted its quarterly 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. The firm had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. 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. As a group, analysts predict that AvalonBay Communities will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $1.75 dividend. The ex-dividend date is 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%.

Institutional Trading of AvalonBay Communities

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in AvalonBay Communities by 0.6% in the second quarter. Vanguard Group Inc. now owns 22,800,375 shares of the real estate investment trust’s stock valued at $4,639,876,000 after acquiring an additional 127,693 shares in the last quarter. State Street Corp boosted its holdings in AvalonBay Communities by 2.0% in the second quarter. State Street Corp now owns 9,445,499 shares of the real estate investment trust’s stock valued at $1,938,326,000 after acquiring an additional 182,952 shares in the last quarter. Norges Bank bought a new stake in AvalonBay Communities in the second quarter valued at $1,394,225,000. Price T Rowe Associates Inc. MD boosted its holdings in AvalonBay Communities by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust’s stock valued at $1,184,712,000 after acquiring an additional 367,853 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in AvalonBay Communities by 4.0% in the second quarter. JPMorgan Chase & Co. now owns 3,966,650 shares of the real estate investment trust’s stock valued at $807,220,000 after acquiring an additional 152,220 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

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.