AvalonBay Communities, Inc. (NYSE:AVB) Receives $223.43 Consensus Target Price from Brokerages

Key Points

• AvalonBay Communities, Inc. has received a consensus recommendation of "Hold" from fifteen brokerages, with nine analysts rating it as hold and six as buy.
• The average 12-month price target among brokers is $223.43, while several analysts have adjusted their target prices downward recently.
• Insider trading activity includes significant share sales by CFO Kevin P. O'shea and EVP Edward M. Schulman, indicating a 20.85% and 25.23% decrease in their stock ownership, respectively.

Shares of AvalonBay Communities, Inc. (NYSE:AVB - Get Free Report) have been given an average recommendation of "Hold" by the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $223.4286.

AVB has been the topic of several research reports. JPMorgan Chase & Co. dropped their price objective on shares of AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a report on Tuesday, June 17th. UBS Group dropped their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a report on Tuesday, July 15th. Barclays dropped their price objective on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Piper Sandler reiterated a "neutral" rating and set a $200.00 price objective (down previously from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Finally, Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and dropped their price objective for the company from $228.00 to $225.00 in a report on Wednesday, August 13th.

Insider Transactions at AvalonBay Communities

In related news, EVP Edward M. Schulman sold 5,945 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $205.67, for a total value of $1,222,708.15. Following the sale, the executive vice president owned 17,617 shares in the company, valued at $3,623,288.39. This represents a 25.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Kevin P. O'shea sold 6,000 shares of the company's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the completion of the sale, the chief financial officer owned 22,782 shares in the company, valued at $4,728,859.74. This represents a 20.85% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company's stock.

Institutional Investors Weigh In On AvalonBay Communities

Institutional investors and hedge funds have recently made changes to their positions in the business. Proathlete Wealth Management LLC acquired a new stake in shares of AvalonBay Communities in the 1st quarter worth about $29,000. Opal Wealth Advisors LLC bought a new stake in AvalonBay Communities in the 1st quarter worth about $33,000. Ancora Advisors LLC grew its position in AvalonBay Communities by 1,666.7% in the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 150 shares in the last quarter. Clearstead Trust LLC grew its position in AvalonBay Communities by 62.0% in the 2nd quarter. Clearstead Trust LLC now owns 162 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in AvalonBay Communities in the 2nd quarter worth about $36,000. Institutional investors and hedge funds own 92.61% of the company's stock.

AvalonBay Communities Trading Down 0.0%

Shares of AvalonBay Communities stock traded down $0.09 during trading on Friday, hitting $194.38. The company's stock had a trading volume of 318,567 shares, compared to its average volume of 818,336. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. AvalonBay Communities has a 52 week low of $180.40 and a 52 week high of $239.29. The stock has a market cap of $27.68 billion, a price-to-earnings ratio of 23.94, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. The stock has a 50-day moving average price of $195.36 and a two-hundred day moving average price of $203.24.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same quarter in the previous year, the business earned $2.77 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. Equities research analysts anticipate that AvalonBay Communities will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc is a real estate investment trust, which engages in the development, acquisition, ownership, and operation of multifamily communities. It operates through the following segments: Same Store, Other Stabilized, and Development or Redevelopment. The Same Store segment refers to the operating communities that were owned and had stabilized occupancy.