AvalonBay Communities, Inc. $AVB Shares Sold by Aew Capital Management L P

Key Points

• Aew Capital Management L P reduced its stake in AvalonBay Communities by 3.5% in Q1, owning 560,196 shares valued at approximately $120.23 million as of its latest SEC filing.
• AvalonBay Communities reported $2.82 EPS for the last quarter, exceeding analysts' expectations of $2.80, despite revenue falling short at $689.90 million compared to the forecast of $759.08 million.
• Wall Street analysts have adjusted their target prices for AvalonBay Communities, with consensus estimates now suggesting a target price of $225.64, reflecting mixed ratings from various firms.

Aew Capital Management L P lessened its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 560,196 shares of the real estate investment trust's stock after selling 20,180 shares during the period. AvalonBay Communities accounts for about 5.9% of Aew Capital Management L P's holdings, making the stock its 5th biggest position. Aew Capital Management L P owned approximately 0.39% of AvalonBay Communities worth $120,229,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC purchased a new stake in AvalonBay Communities in the 1st quarter valued at approximately $29,000. Opal Wealth Advisors LLC purchased a new stake in AvalonBay Communities in the 1st quarter valued at approximately $33,000. Ancora Advisors LLC boosted its holdings 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 valued at $35,000 after purchasing an additional 150 shares in the last quarter. Keystone Global Partners LLC purchased a new stake in AvalonBay Communities in the 1st quarter valued at approximately $45,000. Finally, Zions Bancorporation National Association UT purchased a new stake in AvalonBay Communities in the 1st quarter valued at approximately $50,000. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Price Performance

AVB stock traded down $0.44 on Thursday, reaching $193.69. The company had a trading volume of 352,049 shares, compared to its average volume of 821,575. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. The company's fifty day moving average is $197.21 and its 200 day moving average is $204.83. The company has a market cap of $27.58 billion, a P/E ratio of 23.85, a PEG ratio of 2.77 and a beta of 0.86.

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

Analysts Set New Price Targets

A number of research firms recently weighed in on AVB. Wells Fargo & Company lowered their price target on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a report on Wednesday. Wall Street Zen upgraded AvalonBay Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Mizuho restated a "neutral" rating and issued a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Evercore ISI lowered their price target on AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating on the stock in a report on Tuesday, August 12th. Finally, Barclays lowered their price target on AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating on the stock in a report on Tuesday, August 12th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $223.43.

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $205.67, for a total value of $1,222,708.15. Following the completion of the transaction, the executive vice president directly owned 17,617 shares in the company, valued at approximately $3,623,288.39. The trade was a 25.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Kevin P. O'shea sold 6,000 shares of the business's stock in a transaction 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 completion of the transaction, the chief financial officer owned 22,782 shares of the company's stock, valued at $4,728,859.74. This trade represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.

About AvalonBay Communities

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.