AvalonBay Communities, Inc. $AVB Shares Bought by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB) by 22.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,300 shares of the real estate investment trust’s stock after purchasing an additional 3,200 shares during the period. Intact Investment Management Inc.’s holdings in AvalonBay Communities were worth $3,137,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AVB. Mather Group LLC. acquired a new position in AvalonBay Communities during the third quarter valued at $30,000. BOKF NA acquired a new position in AvalonBay Communities during the third quarter valued at $31,000. AlphaQuest LLC acquired a new position in AvalonBay Communities during the third quarter valued at $33,000. Headlands Technologies LLC purchased a new position in AvalonBay Communities in the second quarter valued at $36,000. Finally, Fulcrum Asset Management LLP purchased a new position in AvalonBay Communities in the third quarter valued at $37,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVB has been the subject of a number of recent analyst reports. Scotiabank cut their price objective on shares of AvalonBay Communities from $193.00 to $190.00 and set a “sector perform” rating for the company in a report on Wednesday, March 4th. Deutsche Bank Aktiengesellschaft cut shares of AvalonBay Communities from a “buy” rating to a “hold” rating and set a $172.00 price objective for the company. in a report on Tuesday, January 20th. Royal Bank Of Canada lifted their price objective on shares of AvalonBay Communities from $180.00 to $188.00 and gave the company a “sector perform” rating in a report on Wednesday, April 29th. Truist Financial cut their price objective on shares of AvalonBay Communities from $203.00 to $201.00 and set a “buy” rating for the company in a report on Tuesday, March 3rd. Finally, Wall Street Zen cut shares of AvalonBay Communities from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $197.47.

AvalonBay Communities Stock Down 0.5%

Shares of NYSE AVB opened at $182.59 on Tuesday. The company’s 50-day simple moving average is $171.51 and its 200-day simple moving average is $176.65. AvalonBay Communities, Inc. has a 52-week low of $160.10 and a 52-week high of $211.65. The firm has a market cap of $25.40 billion, a price-to-earnings ratio of 29.31, a price-to-earnings-growth ratio of 3.22 and a beta of 0.79. The company has a quick ratio of 0.77, a current ratio of 0.77 and a debt-to-equity ratio of 0.80.

AvalonBay Communities (NYSE:AVB) last announced its earnings results on Monday, April 27th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.47). AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. The company had revenue of $770.28 million during the quarter, compared to analyst estimates of $768.80 million. During the same quarter last year, the business earned $2.83 EPS. AvalonBay Communities has set its FY 2026 guidance at 11.000-11.500 EPS and its Q2 2026 guidance at 2.720-2.820 EPS. Equities analysts predict that AvalonBay Communities, Inc. will post 11.29 EPS for the current fiscal year.

AvalonBay Communities Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $1.78 dividend. This represents a $7.12 annualized dividend and a dividend yield of 3.9%. This is a positive change from AvalonBay Communities’s previous quarterly dividend of $1.75. The ex-dividend date was Tuesday, March 31st. AvalonBay Communities’s dividend payout ratio (DPR) is 114.29%.

AvalonBay Communities Profile

AvalonBay Communities, Inc (NYSE: AVB) is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay’s core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay’s operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.