AvalonBay Communities, Inc. $AVB Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. has reduced its stake in AvalonBay Communities by 28.1%, now owning approximately $54.92 million worth of shares.
• AvalonBay Communities reported an EPS of $2.82 for the last quarter, exceeding estimates, and set its FY 2025 guidance between $11.190 and $11.590 EPS.
• Analyst ratings have shifted; with several firms recently cutting their price targets for AvalonBay's shares, it now has an average rating of "Hold" and a consensus price target of $225.64.

American Century Companies Inc. decreased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 28.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 255,901 shares of the real estate investment trust's stock after selling 99,828 shares during the quarter. American Century Companies Inc. owned about 0.18% of AvalonBay Communities worth $54,921,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Proathlete Wealth Management LLC acquired a new position in shares of AvalonBay Communities in the 1st quarter worth approximately $29,000. Opal Wealth Advisors LLC acquired a new position in shares of AvalonBay Communities in the 1st quarter worth approximately $33,000. Ancora Advisors LLC lifted its holdings in shares of 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 acquiring an additional 150 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of AvalonBay Communities in the 1st quarter worth approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AvalonBay Communities in the 4th quarter worth approximately $53,000. Institutional investors and hedge funds own 92.61% of the company's stock.

AvalonBay Communities Stock Up 1.7%

Shares of NYSE:AVB traded up $3.1950 during trading hours on Friday, reaching $193.6250. The stock had a trading volume of 1,211,655 shares, compared to its average volume of 999,080. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The firm's 50 day moving average is $198.02 and its 200-day moving average is $205.43. 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 stock has a market capitalization of $27.57 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 2.73 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 EPS for the quarter, beating analysts' consensus estimates of $2.80 by $0.02. The firm had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same period last year, the firm posted $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. Research analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Insider Activity

In other AvalonBay Communities news, CFO Kevin P. O'shea sold 6,000 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $207.57, for a total value of $1,245,420.00. Following the completion of the sale, the chief financial officer owned 22,782 shares of the company's stock, 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 can be accessed through the SEC website. Also, EVP Edward M. Schulman sold 5,945 shares of the firm's stock in a transaction on 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 completion of the sale, the executive vice president directly owned 17,617 shares of the company's stock, valued at approximately $3,623,288.39. This trade represents a 25.23% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AVB shares. Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and reduced their target price for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Royal Bank Of Canada reduced their target price on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. UBS Group reduced their target price 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 reduced their target price 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. Finally, Mizuho reiterated a "neutral" rating and set a $199.00 target price (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $225.64.

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.