AvalonBay Communities, Inc. $AVB Position Increased by Credit Agricole S A

Key Points

• Credit Agricole S A increased its stake in AvalonBay Communities by 8.3%, acquiring an additional 3,163 shares, bringing its total holdings to 41,342 shares valued at approximately $8.87 million.
• Analysts are mixed on AvalonBay Communities, with a current average rating of "Hold" and an average price target of $225.64, alongside several price target reductions from various research firms.
• AvalonBay reported quarterly earnings of $2.82 EPS, exceeding estimates, but its revenue of $689.9 million fell short of the expected $759.08 million.

Credit Agricole S A raised its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 8.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,342 shares of the real estate investment trust's stock after buying an additional 3,163 shares during the quarter. Credit Agricole S A's holdings in AvalonBay Communities were worth $8,873,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Proathlete Wealth Management LLC purchased a new stake in AvalonBay Communities during the first quarter valued at about $29,000. Opal Wealth Advisors LLC purchased a new stake in shares of AvalonBay Communities in the first quarter worth approximately $33,000. Ancora Advisors LLC lifted its position in shares of AvalonBay Communities by 1,666.7% in the fourth quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 150 shares in the last quarter. Keystone Global Partners LLC purchased a new stake in shares of AvalonBay Communities in the first quarter worth approximately $45,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of AvalonBay Communities in the first quarter worth approximately $50,000. 92.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on AVB. Morgan Stanley raised shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $228.00 to $225.00 in a research report on Wednesday, August 13th. Royal Bank Of Canada reduced their price target 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. Scotiabank reduced their price target on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. JPMorgan Chase & Co. reduced their price target on shares of AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a research report on Tuesday, June 17th. Finally, Wall Street Zen raised shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Six equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, AvalonBay Communities currently has an average rating of "Hold" and an average price target of $225.64.

AvalonBay Communities Trading Down 0.1%

Shares of AVB stock opened at $190.3420 on Friday. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 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 50 day moving average is $198.27 and its two-hundred day moving average is $205.62. The company has a market cap of $27.10 billion, a PE ratio of 23.44, a price-to-earnings-growth ratio of 2.73 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, beating the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The company had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. During the same quarter last year, the company posted $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. Equities analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Insider Activity at AvalonBay Communities

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of the stock in a transaction that occurred on 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, 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 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 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 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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