Pasadena Private Wealth LLC Sells 487 Shares of AvalonBay Communities, Inc. $AVB

Pasadena Private Wealth LLC lessened its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 9.6% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,578 shares of the real estate investment trust’s stock after selling 487 shares during the period. Pasadena Private Wealth LLC’s holdings in AvalonBay Communities were worth $932,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in AVB. Cambridge Investment Research Advisors Inc. raised its position in AvalonBay Communities by 27.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,744 shares of the real estate investment trust’s stock worth $589,000 after purchasing an additional 599 shares in the last quarter. Achmea Investment Management B.V. raised its position in AvalonBay Communities by 33.5% in the first quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust’s stock worth $4,951,000 after purchasing an additional 5,791 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in AvalonBay Communities by 72.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 39,692 shares of the real estate investment trust’s stock worth $8,477,000 after purchasing an additional 16,694 shares in the last quarter. Naviter Wealth LLC raised its position in AvalonBay Communities by 2.7% in the first quarter. Naviter Wealth LLC now owns 10,241 shares of the real estate investment trust’s stock worth $2,187,000 after purchasing an additional 269 shares in the last quarter. Finally, Amalgamated Bank raised its position in AvalonBay Communities by 0.7% in the first quarter. Amalgamated Bank now owns 28,054 shares of the real estate investment trust’s stock worth $6,021,000 after purchasing an additional 205 shares in the last quarter. Institutional investors and hedge funds own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

NYSE AVB opened at $189.43 on Monday. The firm has a market cap of $26.97 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 2.73 and a beta of 0.86. The company has a 50 day moving average of $191.05 and a 200-day moving average of $198.05. 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, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29.

AvalonBay Communities (NYSE:AVB) last posted its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.02. The company had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same quarter last year, the business 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. On average, equities analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

AvalonBay Communities Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Tuesday, September 30th. AvalonBay Communities’s dividend payout ratio is 86.21%.

Wall Street Analyst Weigh In

AVB has been the subject of several recent research reports. Royal Bank Of Canada dropped their price target on shares of AvalonBay Communities from $216.00 to $211.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Morgan Stanley raised shares of AvalonBay Communities from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $228.00 to $225.00 in a research report on Wednesday, August 13th. UBS Group dropped their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating for the company in a research report on Tuesday, July 15th. Wells Fargo & Company dropped their price objective on shares of AvalonBay Communities from $244.00 to $213.00 and set an “overweight” rating for the company in a report on Wednesday, August 27th. Finally, Mizuho reaffirmed a “neutral” rating and set a $199.00 price objective (down previously from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $217.31.

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.