APG Asset Management US Inc. Has $31.20 Million Holdings in AvalonBay Communities, Inc. $AVB

Key Points

• APG Asset Management US Inc. reduced its holdings in AvalonBay Communities by 26.9%, owning 145,433 shares worth approximately $31.20 million after selling 53,605 shares in the first quarter.
• Recent analyst reports show a mixed sentiment for AvalonBay Communities, with price targets being adjusted downward by firms like Scotiabank and Royal Bank Of Canada, while the stock currently holds a consensus rating of "Hold."
• AvalonBay reported $2.82 EPS for its latest quarter, exceeding earnings expectations slightly, but had revenue below consensus estimates, prompting analysts to forecast an EPS of 11.48 for the current year.

APG Asset Management US Inc. lessened its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 26.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 145,433 shares of the real estate investment trust's stock after selling 53,605 shares during the period. APG Asset Management US Inc. owned approximately 0.10% of AvalonBay Communities worth $31,197,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Allstate Corp lifted its position in shares of AvalonBay Communities by 44.4% during the 1st quarter. Allstate Corp now owns 14,743 shares of the real estate investment trust's stock worth $3,164,000 after purchasing an additional 4,533 shares during the last quarter. 1832 Asset Management L.P. lifted its position in shares of AvalonBay Communities by 13.1% during the 1st quarter. 1832 Asset Management L.P. now owns 72,770 shares of the real estate investment trust's stock worth $15,618,000 after purchasing an additional 8,410 shares during the last quarter. Norinchukin Bank The increased its stake in AvalonBay Communities by 10.3% during the first quarter. Norinchukin Bank The now owns 14,194 shares of the real estate investment trust's stock valued at $3,046,000 after acquiring an additional 1,322 shares during the period. Price T Rowe Associates Inc. MD increased its stake 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 acquiring an additional 367,853 shares during the period. Finally, Capital Analysts LLC increased its stake in AvalonBay Communities by 48.5% during the first quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust's stock valued at $53,000 after acquiring an additional 80 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on AVB shares. Scotiabank lowered their price objective on AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a research note on Thursday, August 14th. JPMorgan Chase & Co. lowered their price target on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 17th. Wall Street Zen upgraded AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Royal Bank Of Canada reduced 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. Finally, Barclays reduced 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 research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, AvalonBay Communities presently has a consensus rating of "Hold" and a consensus price target of $225.64.

AvalonBay Communities Stock Performance

AVB stock opened at $192.1150 on Friday. The company has a market cap of $27.35 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The business's fifty day moving average is $198.27 and its 200-day moving average is $205.62.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million for the quarter, compared to the consensus estimate 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 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. Equities research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Insider Activity

In other 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 completion of the transaction, the executive vice president owned 17,617 shares in the company, valued at $3,623,288.39. This trade represents a 25.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin P. O'shea sold 6,000 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $207.57, for a total value 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. The trade was a 20.85% decrease in their position. The disclosure for this sale can be found here. 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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