Intrua Financial LLC Purchases 1,851 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• Intrua Financial LLC increased its holdings in AvalonBay Communities by 139.2% in the first quarter, acquiring an additional 1,851 shares, with total holdings valued at $683,000.
• AvalonBay Communities reported $2.82 earnings per share for the most recent quarter, beating estimates of $2.80, but revenue fell short at $689.90 million against an expected $759.08 million.
• Institutional investors hold 92.61% of AvalonBay's stock and recent analyst ratings include a mix of upgrades and downgrades, with Wall Street Zen changing their rating from "sell" to "hold."

Intrua Financial LLC raised its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 139.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,181 shares of the real estate investment trust's stock after acquiring an additional 1,851 shares during the period. Intrua Financial LLC's holdings in AvalonBay Communities were worth $683,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. grew its stake in AvalonBay Communities by 52.2% in the first quarter. Geneos Wealth Management Inc. now owns 475 shares of the real estate investment trust's stock valued at $102,000 after acquiring an additional 163 shares during the period. SCS Capital Management LLC bought a new stake in shares of AvalonBay Communities in the first quarter valued at about $3,908,000. Empowered Funds LLC lifted its holdings in shares of AvalonBay Communities by 5.7% in the first quarter. Empowered Funds LLC now owns 2,723 shares of the real estate investment trust's stock valued at $584,000 after purchasing an additional 148 shares in the last quarter. Dean Capital Management lifted its holdings in shares of AvalonBay Communities by 2.9% in the first quarter. Dean Capital Management now owns 7,740 shares of the real estate investment trust's stock valued at $1,661,000 after purchasing an additional 220 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new stake in shares of AvalonBay Communities in the first quarter valued at about $309,000. 92.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on AVB. Wells Fargo & Company cut their price target on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Truist Financial upgraded AvalonBay Communities from a "hold" rating to a "buy" rating and dropped their target price for the stock from $224.00 to $218.00 in a report on Thursday, September 11th. Evercore ISI boosted their price target on AvalonBay Communities from $212.00 to $216.00 and gave the stock an "in-line" rating in a research report on Monday. 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. Finally, UBS Group lowered their price target on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $218.42.

AvalonBay Communities Price Performance

NYSE AVB traded up $0.73 on Wednesday, hitting $193.01. 141,595 shares of the company's stock were exchanged, compared to its average volume of 816,258. The stock has a 50-day moving average of $194.32 and a 200-day moving average of $202.18. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The stock has a market cap of $27.48 billion, a price-to-earnings ratio of 23.77, a P/E/G ratio of 2.78 and a beta of 0.87.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping 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 firm had revenue of $689.90 million during the quarter, compared to analysts' expectations of $759.08 million. During the same period in the prior year, the company 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. Analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

About AvalonBay Communities

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.