Banque Cantonale Vaudoise Has $805,000 Stock Holdings in AvalonBay Communities, Inc. (NYSE:AVB)

Banque Cantonale Vaudoise lowered its stake in AvalonBay Communities, Inc. (NYSE:AVB) by 42.3% during the first quarter, Holdings Channel reports. The institutional investor owned 4,339 shares of the real estate investment trust’s stock after selling 3,187 shares during the period. Banque Cantonale Vaudoise’s holdings in AvalonBay Communities were worth $805,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of AVB. Arlington Trust Co LLC acquired a new position in shares of AvalonBay Communities in the fourth quarter valued at approximately $45,000. Bear Mountain Capital Inc. bought a new stake in AvalonBay Communities in the 4th quarter valued at $66,000. Gold Investment Management Ltd. acquired a new position in AvalonBay Communities in the 4th quarter valued at $71,000. Blue Trust Inc. grew its holdings in AvalonBay Communities by 139.6% in the 4th quarter. Blue Trust Inc. now owns 539 shares of the real estate investment trust’s stock valued at $92,000 after buying an additional 314 shares in the last quarter. Finally, PFG Private Wealth Management LLC increased its position in AvalonBay Communities by 200.0% during the 4th quarter. PFG Private Wealth Management LLC now owns 555 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 370 shares during the period. 92.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on AVB shares. Morgan Stanley boosted their target price on shares of AvalonBay Communities from $203.00 to $209.00 and gave the company an “overweight” rating in a research report on Tuesday, May 14th. Evercore ISI cut shares of AvalonBay Communities from an “outperform” rating to an “inline” rating and set a $202.00 target price on the stock. in a report on Monday, May 13th. Scotiabank lifted their price target on shares of AvalonBay Communities from $193.00 to $213.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 14th. JPMorgan Chase & Co. increased their price target on AvalonBay Communities from $194.00 to $212.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Finally, Piper Sandler lifted their price objective on AvalonBay Communities from $207.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, April 29th. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $205.89.

AvalonBay Communities Trading Up 1.0 %

AVB opened at $203.89 on Friday. The company has a market cap of $28.99 billion, a P/E ratio of 30.34, a PEG ratio of 2.95 and a beta of 0.93. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.68. The company’s 50 day moving average is $194.33 and its 200-day moving average is $185.83. AvalonBay Communities, Inc. has a 1-year low of $160.45 and a 1-year high of $204.21.

AvalonBay Communities (NYSE:AVB) last issued its earnings results on Friday, April 26th. The real estate investment trust reported $1.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.64 by ($1.42). The company had revenue of $712.86 million during the quarter, compared to analyst estimates of $706.61 million. AvalonBay Communities had a net margin of 34.05% and a return on equity of 8.12%. During the same quarter in the prior year, the business earned $2.57 EPS. Equities research analysts predict that AvalonBay Communities, Inc. will post 10.91 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 Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $1.70 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $6.80 dividend on an annualized basis and a yield of 3.34%. AvalonBay Communities’s payout ratio is presently 101.19%.

AvalonBay Communities Profile

As of December 31, 2023, the Company owned or held a direct or indirect ownership interest in 299 apartment communities containing 90,669 apartment homes in 12 states and the District of Columbia, of which 18 communities were under development. The Company is an equity REIT in the business of developing, redeveloping, acquiring and managing apartment communities in leading metropolitan areas in New England, the New York/New Jersey Metro area, the Mid-Atlantic, the Pacific Northwest, and Northern and Southern California, as well as in the Company's expansion regions of Raleigh-Durham and Charlotte, North Carolina, Southeast Florida, Dallas and Austin, Texas, and Denver, Colorado.