Tuttle Capital Management LLC Purchases 366 Shares of AvalonBay Communities, Inc. $AVB

Tuttle Capital Management LLC raised its position in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 14.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,816 shares of the real estate investment trust’s stock after purchasing an additional 366 shares during the quarter. AvalonBay Communities accounts for about 2.4% of Tuttle Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. Tuttle Capital Management LLC’s holdings in AvalonBay Communities were worth $573,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC grew its holdings in shares of AvalonBay Communities by 14.2% during the first quarter. Farther Finance Advisors LLC now owns 1,148 shares of the real estate investment trust’s stock valued at $246,000 after buying an additional 143 shares during the last quarter. Opal Wealth Advisors LLC bought a new position in AvalonBay Communities in the 1st quarter valued at approximately $33,000. Exchange Traded Concepts LLC boosted its stake in 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 valued at $588,000 after purchasing an additional 226 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of AvalonBay Communities by 1.8% in the 1st quarter. State of Alaska Department of Revenue now owns 86,242 shares of the real estate investment trust’s stock worth $18,508,000 after purchasing an additional 1,499 shares in the last quarter. Finally, Global X Japan Co. Ltd. increased its holdings in shares of AvalonBay Communities by 24.9% in 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. 92.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen cut AvalonBay Communities from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Scotiabank dropped their price target on shares of AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. Cantor Fitzgerald began coverage on shares of AvalonBay Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 price objective for the company. JPMorgan Chase & Co. dropped 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. Finally, Truist Financial upgraded shares of AvalonBay Communities from a “hold” rating to a “buy” rating and decreased their target price for the company from $224.00 to $218.00 in a research note on Thursday, September 11th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $217.31.

AvalonBay Communities Stock Performance

NYSE AVB opened at $185.33 on Wednesday. The business’s 50 day moving average price is $191.19 and its 200-day moving average price is $198.82. 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 market cap of $26.39 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.66 and a beta of 0.86. 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 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. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The company had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. During the same period in the previous year, the firm earned $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. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $7.00 annualized dividend and a yield of 3.8%. AvalonBay Communities’s dividend payout ratio (DPR) 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.