Perbak Capital Partners LLP Purchases Shares of 1,547 AvalonBay Communities, Inc. $AVB

Key Points

• Perbak Capital Partners LLP has acquired 1,547 shares of AvalonBay Communities, Inc., valued at approximately $332,000, indicating ongoing interest from institutional investors.
• Insider selling includes significant transactions by executives Edward M. Schulman and Kevin P. O'Shea, who sold thousands of shares, decreasing their holdings by 25.23% and 20.85% respectively.
• Brokerage reports show mixed sentiment regarding AvalonBay Communities, with target price adjustments reflecting a general trend towards lower expectations, yet some analysts maintain a "Buy" rating.

Perbak Capital Partners LLP purchased a new position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,547 shares of the real estate investment trust's stock, valued at approximately $332,000.

Other hedge funds also recently bought and sold shares of the company. Proathlete Wealth Management LLC bought a new position in AvalonBay Communities in the 1st quarter worth about $29,000. Opal Wealth Advisors LLC bought a new position in AvalonBay Communities in the 1st quarter worth about $33,000. Ancora Advisors LLC boosted its stake 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. Keystone Global Partners LLC bought a new position in AvalonBay Communities in the 1st quarter worth about $45,000. Finally, Zions Bancorporation National Association UT bought a new position in AvalonBay Communities in the 1st quarter worth about $50,000. Institutional investors own 92.61% of the company's stock.

Insider Buying and Selling

In other AvalonBay Communities news, CFO Kevin P. O'shea sold 6,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $207.57, for a total value of $1,245,420.00. Following the transaction, the chief financial officer directly owned 22,782 shares in the company, valued at approximately $4,728,859.74. This trade represents a 20.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction on Friday, June 13th. The stock was sold at an average price of $205.67, for a total transaction of $1,222,708.15. Following the transaction, 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 disclosure for this sale can be found here. 0.48% of the stock is currently owned by corporate insiders.

AvalonBay Communities Stock Performance

Shares of AVB stock traded up $2.66 during trading hours on Friday, reaching $195.38. The company had a trading volume of 600,390 shares, compared to its average volume of 810,001. The business has a fifty day moving average price of $195.54 and a 200-day moving average price of $203.41. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29. The firm has a market cap of $27.82 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.81 and a beta of 0.87. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The firm had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. During the same period in the previous year, the business posted $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. Sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AVB shares. Mizuho reiterated a "neutral" rating and issued a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. UBS Group dropped their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Barclays dropped their price target on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating on the stock in a research note on Tuesday, August 12th. Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $228.00 to $225.00 in a research note on Wednesday, August 13th. Finally, Piper Sandler reissued a "neutral" rating and issued a $200.00 target price (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $223.43.

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.