Advisors Preferred LLC Invests $2.42 Million in AvalonBay Communities, Inc. $AVB

Advisors Preferred LLC acquired a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB) during the second quarter, HoldingsChannel reports. The firm acquired 11,915 shares of the real estate investment trust’s stock, valued at approximately $2,422,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AVB. Cambridge Investment Research Advisors Inc. raised its stake in shares of AvalonBay Communities by 27.9% during the 1st 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. DAVENPORT & Co LLC raised its stake in shares of AvalonBay Communities by 21.9% during the 1st quarter. DAVENPORT & Co LLC now owns 1,169 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 210 shares in the last quarter. Strategic Blueprint LLC raised its stake in shares of AvalonBay Communities by 6.3% during the 1st quarter. Strategic Blueprint LLC now owns 1,846 shares of the real estate investment trust’s stock worth $396,000 after purchasing an additional 109 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of AvalonBay Communities by 0.5% during the 1st quarter. Bank of New York Mellon Corp now owns 988,604 shares of the real estate investment trust’s stock worth $212,174,000 after purchasing an additional 5,123 shares in the last quarter. Finally, Penserra Capital Management LLC raised its stake in shares of AvalonBay Communities by 77.5% during the 1st quarter. Penserra Capital Management LLC now owns 6,982 shares of the real estate investment trust’s stock worth $1,496,000 after purchasing an additional 3,049 shares in the last quarter. Institutional investors own 92.61% of the company’s stock.

AvalonBay Communities Stock Performance

AVB opened at $175.33 on Tuesday. The firm has a market cap of $24.96 billion, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.54 and a beta of 0.86. AvalonBay Communities, Inc. has a 52-week low of $166.73 and a 52-week high of $239.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. The business’s fifty day moving average is $189.59 and its 200-day moving average is $197.21.

AvalonBay Communities (NYSE:AVB) last released its earnings results on Wednesday, October 29th. The real estate investment trust reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($0.06). AvalonBay Communities had a return on equity of 9.75% and a net margin of 38.78%.The company had revenue of $682.36 million for the quarter, compared to analyst estimates of $766.22 million. During the same period last year, the company posted $2.74 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.150-11.35 EPS. Q4 2025 guidance at 2.800-2.90 EPS. Sell-side analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Tuesday, September 30th. AvalonBay Communities’s dividend payout ratio is currently 85.47%.

Analysts Set New Price Targets

A number of research firms recently weighed in on AVB. Barclays boosted their target price on AvalonBay Communities from $228.00 to $229.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 30th. Morgan Stanley raised AvalonBay Communities from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Scotiabank decreased their target price on AvalonBay Communities from $236.00 to $226.00 and set a “sector perform” rating on the stock in a report on Thursday, August 14th. UBS Group decreased their target price on AvalonBay Communities from $238.00 to $216.00 and set a “neutral” rating on the stock in a report on Tuesday, July 15th. Finally, Cantor Fitzgerald initiated coverage on AvalonBay Communities in a report on Wednesday, October 1st. They set a “neutral” rating and a $205.00 target price on the stock. Five investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to data from MarketBeat.com, AvalonBay Communities has a consensus rating of “Hold” and a consensus target price of $216.54.

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.