AvalonBay Communities
About: AvalonBay Communities owns a portfolio of 281 apartment communities with over 87,000 units and is developing 18 additional properties with over 6,200 units. The company focuses on owning large, high-quality properties in major metropolitan areas of New England, New York/New Jersey, Washington D.C., California, and the Pacific Northwest.
Employees: 3,039
0
Funds holding %
of 6,812 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
30% more first-time investments, than exits
New positions opened: 90 | Existing positions closed: 69
24% more repeat investments, than reductions
Existing positions increased: 286 | Existing positions reduced: 231
3% more funds holding
Funds holding: 699 [Q2] → 720 (+21) [Q3]
4% more capital invested
Capital invested by funds: $27.8B [Q2] → $28.9B (+$1.11B) [Q3]
4.06% less ownership
Funds ownership: 94.42% [Q2] → 90.36% (-4.06%) [Q3]
41% less call options, than puts
Call options by funds: $45.7M | Put options by funds: $77.4M
63% less funds holding in top 10
Funds holding in top 10: 16 [Q2] → 6 (-10) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$233
7%
upside
Avg. target
$245
12%
upside
High target
$262
20%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Barclays Anthony Powell 50% 1-year accuracy 15 / 30 met price target | 11%upside $243 | Equal-Weight Maintained | 17 Dec 2024 |
JP Morgan Anthony Paolone 39% 1-year accuracy 7 / 18 met price target | 20%upside $262 | Overweight Upgraded | 17 Dec 2024 |
Scotiabank Nicholas Yulico 47% 1-year accuracy 17 / 36 met price target | 10%upside $241 | Sector Perform Maintained | 14 Nov 2024 |
RBC Capital Brad Heffern 50% 1-year accuracy 19 / 38 met price target | 7%upside $233 | Sector Perform Maintained | 6 Nov 2024 |
Financial journalist opinion
Positive
Zacks Investment Research
1 week ago
Should AvalonBay Communities Stock be Retained in Your Portfolio Now?
AVB is set to gain from healthy renter demand, strategic buyouts and technological enhancements. Yet, elevated supply and high interest expenses are concerns.
Positive
Seeking Alpha
3 weeks ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Positive
Zacks Investment Research
1 month ago
AvalonBay Stock Gains 19.2% in Six Months: More Room to Run?
AVB is set to gain from the solid demand for high-quality assets in premium markets with portfolio diversification. The high supply of rental units is a concern.
Positive
The Motley Fool
1 month ago
3 Industry-Leading High-Yield REITs to Buy With $1,000 and Hold Forever
The S&P 500 index (^GSPC 0.30%) average yield is just 1.2% today. You can do much better than that without too much effort.
Neutral
Seeking Alpha
1 month ago
AvalonBay Stock: 6 Reasons Why I'm Skeptical Of The Price
We are currently maintaining our hold recommendation for AvalonBay. Our fair value estimate for the stock ranges from $210.36 to $219.73. AVB offers a potential total return of 5.26% as compared to 5.17% for their fixed-income instrument. The 9 bps premium for the equity is insufficient compensation in our view. In evaluating the apartment REIT sector dividend yield as compared to single-A corporate bond effective yield, we also see signs that the sector may be overvalued.
Neutral
The Motley Fool
1 month ago
This Stock Deserves a Closer Look by Savvy Investors
This Stock Deserves a Closer Look by Savvy Investors
Positive
Benzinga
1 month ago
Buy These 6 RE Stocks That Deserve a Home in Your Portfolio
The U.S. Federal Reserve is on a chopping spree this autumn, cutting its benchmark Federal Funds rate by 0.50% in September and lopping off another 0.25% in early November. The moves brought the Fed Funds rate down to a target range of 4.50% to 4.75%.
Neutral
Business Wire
1 month ago
AvalonBay Communities, Inc. Declares Fourth Quarter 2024 Dividends
ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) announced today that its Board of Directors declared a cash dividend on the Company's Common Stock (par value $0.01 per share) for the fourth quarter of 2024. The Common Stock dividend is $1.70 per share and is payable January 15, 2025, to all Common Stockholders of Record as of December 31, 2024. About AvalonBay Communities, Inc. AvalonBay Communities, Inc., a member of the S&P 500, is an equity REIT i.
Neutral
Business Wire
1 month ago
AvalonBay Communities, Inc. Named 2024 Regional Sector Leader by GRESB
ARLINGTON, Va.--(BUSINESS WIRE)--AvalonBay Communities, Inc. (NYSE: AVB) (the “Company”) announced that it has been named the Regional Sector Leader for Americas Residential in the 2024 GRESB Development Benchmark, earning a score of 96 out of 100. The annual GRESB Sector Leader Awards recognize real estate and infrastructure companies, funds, and assets that demonstrate outstanding leadership in sustainability. “As an avid developer, with meaningful sustainability targets, we incorporate envir.
Positive
Zacks Investment Research
1 month ago
Is AvalonBay Communities (AVB) Stock Outpacing Its Finance Peers This Year?
Here is how AvalonBay Communities (AVB) and American Express (AXP) have performed compared to their sector so far this year.
Charts implemented using Lightweight Charts™