APG Asset Management N.V. Purchases 5,497 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• APG Asset Management N.V. increased its stake in AvalonBay Communities, Inc. by 4.5%, owning approximately 0.09% of the company worth $25.57 million as of its latest SEC filing.
• Institutional investors hold 92.61% of AvalonBay's stock, with notable increases from firms such as Nuveen LLC and GAMMA Investing LLC during the first quarter.
• AvalonBay Communities reported $2.82 earnings per share for the last quarter, surpassing estimates, and forecasts a fiscal year EPS between 11.190 and 11.590 for 2025.

APG Asset Management N.V. raised its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 4.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 128,703 shares of the real estate investment trust's stock after purchasing an additional 5,497 shares during the period. APG Asset Management N.V. owned approximately 0.09% of AvalonBay Communities worth $25,571,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AVB. Nuveen LLC purchased a new stake in AvalonBay Communities during the first quarter valued at about $280,226,000. Northern Trust Corp raised its position in AvalonBay Communities by 54.8% during the fourth quarter. Northern Trust Corp now owns 2,642,743 shares of the real estate investment trust's stock valued at $581,324,000 after purchasing an additional 935,770 shares in the last quarter. GAMMA Investing LLC raised its position in AvalonBay Communities by 21,024.3% during the first quarter. GAMMA Investing LLC now owns 550,500 shares of the real estate investment trust's stock valued at $118,148,000 after purchasing an additional 547,894 shares in the last quarter. Adelante Capital Management LLC raised its position in AvalonBay Communities by 1,186.4% during the fourth quarter. Adelante Capital Management LLC now owns 400,444 shares of the real estate investment trust's stock valued at $88,086,000 after purchasing an additional 369,316 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in AvalonBay Communities by 7.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust's stock valued at $1,184,712,000 after purchasing an additional 367,853 shares in the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Trading Up 0.6%

Shares of NYSE AVB traded up $1.26 during trading hours on Friday, hitting $195.87. The company's stock had a trading volume of 886,025 shares, compared to its average volume of 1,026,723. 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 cap of $27.89 billion, a price-to-earnings ratio of 24.12, a P/E/G ratio of 2.82 and a beta of 0.86. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The business has a 50-day simple moving average of $196.75 and a 200-day simple moving average of $204.40.

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, topping the consensus estimate of $2.80 by $0.02. The company had revenue of $689.90 million for the quarter, compared to analysts' expectations of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same period last 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, analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Piper Sandler restated a "neutral" rating and set a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Wall Street Zen upgraded AvalonBay Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Royal Bank Of Canada decreased their price objective on AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a report on Friday, August 1st. Morgan Stanley upgraded AvalonBay Communities from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Finally, Barclays decreased their price objective 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 assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $223.43.

Insider Activity

In related news, EVP Edward M. Schulman sold 5,945 shares of the firm's stock in a transaction dated 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 sale, the executive vice president directly owned 17,617 shares of the company's stock, valued at $3,623,288.39. This trade represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin P. O'shea sold 6,000 shares of the firm's stock in a transaction dated 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 directly owned 22,782 shares in the company, valued at $4,728,859.74. The trade was a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by company insiders.

AvalonBay Communities 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.