Ameriprise Financial Inc. Trims Stock Position in AvalonBay Communities, Inc. $AVB

Key Points

• Ameriprise Financial Inc. reduced its holdings in AvalonBay Communities, Inc. by 2.2%, now owning approximately 1.18% of the company valued at $360.7 million.
• Multiple institutional investors, including Vanguard Group Inc. and JPMorgan Chase & Co., have increased their stakes in AvalonBay Communities during the same quarter, indicating growing interest in the real estate investment trust.
• Analysts have recently lowered their price targets for AvalonBay, with a consensus rating of "Hold" and an average price target of $225.64, reflecting some cautiousness about the stock's future performance.

Ameriprise Financial Inc. reduced its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 2.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,680,736 shares of the real estate investment trust's stock after selling 37,737 shares during the period. Ameriprise Financial Inc. owned approximately 1.18% of AvalonBay Communities worth $360,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Achmea Investment Management B.V. lifted its stake in shares of AvalonBay Communities by 33.5% in the first quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust's stock worth $4,951,000 after buying an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in AvalonBay Communities by 4.9% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust's stock worth $10,404,000 after purchasing an additional 2,243 shares during the last quarter. Vert Asset Management LLC increased its position in AvalonBay Communities by 5.0% during the first quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust's stock worth $14,307,000 after purchasing an additional 3,199 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in AvalonBay Communities by 9.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust's stock worth $73,938,000 after purchasing an additional 28,608 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in AvalonBay Communities during the fourth quarter worth about $568,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction that occurred 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 transaction, the executive vice president owned 17,617 shares in the company, valued at $3,623,288.39. The trade was a 25.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin P. O'shea sold 6,000 shares of AvalonBay Communities 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 completion of the transaction, the chief financial officer owned 22,782 shares of the company's stock, valued at $4,728,859.74. This represents a 20.85% decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

AvalonBay Communities Stock Up 0.5%

Shares of NYSE AVB traded up $0.94 during midday trading on Wednesday, hitting $192.95. The company's stock had a trading volume of 143,542 shares, compared to its average volume of 821,560. The business's fifty day simple moving average is $197.45 and its two-hundred day simple moving average is $204.90. 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, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The firm has a market capitalization of $27.47 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 2.77 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (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 company had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. During the same quarter in the previous year, the firm 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. On average, equities analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on AVB. Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and cut their price objective for the stock from $228.00 to $225.00 in a research report on Wednesday, August 13th. Mizuho restated a "neutral" rating and set a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Royal Bank Of Canada cut their price objective on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Piper Sandler reiterated a "neutral" rating and set a $200.00 price target (down from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Finally, Wells Fargo & Company dropped their price target on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research report on Wednesday. Six analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus 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.