Amundi Raises Stock Holdings in AvalonBay Communities, Inc. $AVB

Key Points

• Amundi increased its holdings in AvalonBay Communities, Inc. by 2.1%, owning 381,653 shares valued at approximately $78.57 million after purchasing an additional 7,780 shares.
• Several hedge funds significantly modified their positions in AvalonBay, with Nuveen LLC making a new purchase worth $280.23 million and GAMMA Investing LLC increasing its stake by over 21,024%.
• Analysts have lowered their price targets for AvalonBay Communities, with the consensus target price now at $223.43, indicating a cautious outlook on the stock's performance.

Amundi increased its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 381,653 shares of the real estate investment trust's stock after buying an additional 7,780 shares during the quarter. Amundi owned 0.27% of AvalonBay Communities worth $78,567,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in AVB. Nuveen LLC purchased a new position in shares of AvalonBay Communities in the first quarter worth $280,226,000. GAMMA Investing LLC increased its stake in shares of AvalonBay Communities by 21,024.3% in the first quarter. GAMMA Investing LLC now owns 550,500 shares of the real estate investment trust's stock worth $118,148,000 after buying an additional 547,894 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of AvalonBay Communities by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust's stock worth $1,184,712,000 after buying an additional 367,853 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of AvalonBay Communities in the fourth quarter worth $78,759,000. Finally, Bank of America Corp DE increased its stake in shares of AvalonBay Communities by 86.3% in the fourth quarter. Bank of America Corp DE now owns 614,118 shares of the real estate investment trust's stock worth $135,088,000 after buying an additional 284,421 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on AVB. Royal Bank Of Canada reduced their price objective on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. UBS Group reduced their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Evercore ISI reduced their price objective on shares of AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company reduced their price objective on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 27th. Finally, Barclays reduced their price objective on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $223.43.

Insiders Place Their Bets

In other news, 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 transaction of $1,245,420.00. Following the sale, the chief financial officer owned 22,782 shares in the company, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Edward M. Schulman sold 5,945 shares of the company's stock in a transaction dated 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 completion of the transaction, the executive vice president 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 disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.

AvalonBay Communities Stock Performance

Shares of AVB stock opened at $195.38 on Friday. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The stock 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 current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. The company's fifty day moving average price is $195.54 and its 200-day moving average price is $203.52.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced 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. 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 for the quarter, compared to analysts' expectations of $759.08 million. During the same quarter in the previous year, the business 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. On average, equities analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

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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