12 Best Real Estate and Realty Stocks To Buy Now

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9. AvalonBay Communities, Inc. (NYSE:AVB)

Number of Hedge Fund Holders: 35

Avalonbay Communities, Inc. (NYSE:AVB) is a leading multifamily real estate investment trust that develops, redevelops, acquires, and manages distinctive apartment homes in the best US markets. The company focuses on metropolitan areas with a vibrant quality of life, less housing affordability, and strong employment growth. The firm owned or held a direct or indirect ownership interest in 305 apartment communities comprising 92,908 apartment homes in 12 states and the District of Columbia, as of September 30.

Avalonbay serves as the largest publicly traded multifamily REIT and has demonstrated 30 years of growth as the industry leader. The company continues to evolve to deliver superior growth as it optimizes its portfolio increasing allocation to suburbs and expansion regions and advances towards a $10 million incremental NOI for 2024. While the firm’s same-store portfolio performed well through the peak leasing season, the outlook for 2025 remains favorable supporting a healthy same-store revenue growth outlook.

While Avalonbay Communities, Inc. (NYSE:AVB) has beat the consensus estimate in each of the last four quarters, it is to reveal its fiscal fourth-quarter earnings for 2024 on January 29. Regarding the upcoming results, analysts tend to be positive and expect the company to report a profit of $2.82 per share on a diluted basis, up 2.9% from the year-ago quarter. Previously, the firm’s third-quarter FFO and revenue surpassed Wall Street estimates.

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