AG2R LA Mondiale Gestion D Actifs Invests $1.40 Million in AvalonBay Communities, Inc. $AVB

Key Points

• AG2R LA Mondiale Gestion D Actifs invested approximately $1.40 million in AvalonBay Communities, acquiring 6,781 shares during the first quarter.
• Several analysts have recently lowered their price targets for AvalonBay Communities, with the current consensus rating being a "Hold" and an average price target of $218.08.
• AvalonBay Communities reported earnings of $2.82 per share, slightly exceeding analysts' expectations, but had revenue below estimates at $689.90 million.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,781 shares of the real estate investment trust's stock, valued at approximately $1,402,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Cresset Asset Management LLC acquired a new position in AvalonBay Communities during the fourth quarter valued at approximately $229,000. D. E. Shaw & Co. Inc. boosted its position in AvalonBay Communities by 8.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,094 shares of the real estate investment trust's stock valued at $901,000 after purchasing an additional 323 shares during the last quarter. Focus Partners Wealth boosted its position in AvalonBay Communities by 96.2% during the fourth quarter. Focus Partners Wealth now owns 4,463 shares of the real estate investment trust's stock valued at $982,000 after purchasing an additional 2,188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in AvalonBay Communities by 0.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,953 shares of the real estate investment trust's stock valued at $5,929,000 after purchasing an additional 72 shares during the last quarter. Finally, OMERS ADMINISTRATION Corp boosted its position in AvalonBay Communities by 20.2% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 5,939 shares of the real estate investment trust's stock valued at $1,306,000 after purchasing an additional 998 shares during the last quarter. 92.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Evercore ISI reduced their price target on AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating for the company in a research report on Tuesday, August 12th. UBS Group reduced their price target on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. JPMorgan Chase & Co. dropped their price objective on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 17th. Piper Sandler restated a "neutral" rating and issued a $200.00 price objective (down previously from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. Finally, Morgan Stanley upgraded 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 research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $218.08.

AvalonBay Communities Price Performance

Shares of NYSE AVB opened at $195.38 on Friday. The firm has a market cap of $27.82 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The business's 50 day moving average is $194.70 and its 200-day moving average is $202.62.

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

Insider Buying and Selling at AvalonBay Communities

In other news, CFO Kevin P. O'shea sold 6,000 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.45% of the company's stock.

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.

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