AvalonBay (AVB) Receives Hold Rating from Citi with Price Target of $212.00

Citi maintains a Hold rating on AvalonBay (AVB) with a price target of $212.00. The company's shares closed at $189.32. AvalonBay received a Hold from Scotiabank's Nicholas Yulico, but Morgan Stanley upgraded AVB to a Buy. Based on Q1 earnings, the company reported a revenue of $745.88 million and net profit of $236.6 million. Corporate insider activity is negative, with an increase in insiders selling shares.

AvalonBay Communities (AVB) reported its Q1 2025 earnings on April 30, 2025, with an EPS of $2.83, beating the consensus estimate of $2.80 by $0.03 [1]. However, the company's revenue of $693.43 million fell short of analysts' expectations of $744.61 million. The company's trailing EPS was $8.03, and the P/E ratio stood at 25.23. Analysts expect a 6.27% increase in EPS for FY 2025, from $11.48 to $12.20 per share.

Invesco Ltd. recently increased its stake in AvalonBay Communities by 5.1%, owning over 1.5 million shares valued at approximately $327 million [2]. The company declared a quarterly dividend of $1.75 per share, reflecting an annualized dividend yield of 3.8% with a payout ratio of 86.21%.

Citi maintains a Hold rating on AvalonBay with a price target of $212.00, while Scotiabank cut their price objective from $251.00 to $236.00 and set a "sector perform" rating. Morgan Stanley upgraded AVB to a Buy rating. Corporate insider activity is negative, with an increase in insiders selling shares.

AvalonBay's next earnings report is scheduled for Wednesday, July 30, 2025, with a conference call on Thursday, July 31, 2025, at 1:00 PM ET [1].

References:
[1] https://www.marketbeat.com/stocks/NYSE/AVB/earnings/
[2] https://www.marketbeat.com/instant-alerts/filing-avalonbay-communities-inc-nyseavb-stock-position-boosted-by-invesco-ltd-2025-08-12/