AVALONBAY COMMUNITIES INC
At today's price, AVALONBAY COMMUNITIES INC (AVB) is priced for -1.2% FFO growth. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
At $177.29 the trust trades near 14x adjusted funds from operations, a price that implies AvalonBay lets its AFFO decline roughly 3% a year. That is a low bar for an apartment owner with 96.1% occupancy and pricing power, and it sits in the lower half of the REIT group on price-to-AFFO. The valuation methods disagree sharply by family. Relative multiples and a growth DCF land at or above the price, while asset-based and earnings-power methods say expensive. The price is justified by the multipl
Is AVB overvalued? See what's priced in →
723 institutional managers reported holding AVB in 13F filings for the quarter ended 2026-03-31. Together they hold about 86% of the company; the top 10 hold 52%. 99 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 3.3M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (2.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AVB's share count is about flat over the past five years ($688.51M of repurchases, offset by issuance). It pays a dividend, and has paid one every year in our records (18 and counting), raised 3 years straight; the current rate is $7.00 a share annually. Cash returned over the past three years: $2.67B in dividends and $686.60M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at AVB over the trailing three years. Absence is a fact about the company, not a signal. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AVB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2022-08-04 | +5.9% | -12.8% |
| 2022-11-09 | -1.6% | +6.9% |
| 2023-02-25 | -0.7% | +3.1% |
| 2023-05-06 | +5.4% | +6.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AVB's latest 8-K filings: 2026-06-08 (items 8.01, 9.01); 2026-05-22 (items 5.02, 5.07, 9.01); 2026-05-21 (items 1.01, 7.01, 9.01); 2026-04-28 (items 2.02, 9.01); 2026-02-05 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.