BROOKFIELD Corp ON Has $31.97 Million Stake in AvalonBay Communities, Inc. $AVB

Key Points

• BROOKFIELD Corp ON increased its stake in AvalonBay Communities, Inc. by 5.6%, now holding approximately $31.97 million in shares after acquiring an additional 7,867 shares this quarter.
• AvalonBay's CFO, Kevin P. O'shea, sold 6,000 shares, reducing his ownership by 20.85%, while analysts have adjusted their price targets with mixed ratings on the stock.
• The company reported $2.82 EPS for the last quarter, outperforming estimates, with a revenue of $689.90 million against the expected $759.08 million.

BROOKFIELD Corp ON boosted its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 148,961 shares of the real estate investment trust's stock after purchasing an additional 7,867 shares during the period. BROOKFIELD Corp ON owned 0.10% of AvalonBay Communities worth $31,970,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AVB. Baker Tilly Wealth Management LLC raised its holdings in AvalonBay Communities by 1.8% in the 1st quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust's stock valued at $697,000 after buying an additional 58 shares during the last quarter. Golden State Equity Partners increased its position in AvalonBay Communities by 3.7% in the 1st quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust's stock valued at $356,000 after acquiring an additional 60 shares during the period. Benjamin Edwards Inc. raised its stake in shares of AvalonBay Communities by 1.0% during the first quarter. Benjamin Edwards Inc. now owns 6,417 shares of the real estate investment trust's stock valued at $1,377,000 after acquiring an additional 64 shares during the last quarter. Roundview Capital LLC lifted its holdings in shares of AvalonBay Communities by 1.7% during the first quarter. Roundview Capital LLC now owns 3,950 shares of the real estate investment trust's stock worth $848,000 after purchasing an additional 66 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of AvalonBay Communities by 0.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,953 shares of the real estate investment trust's stock worth $5,929,000 after purchasing an additional 72 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Mizuho reaffirmed a "neutral" rating and set a $199.00 target price (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. JPMorgan Chase & Co. lowered their price objective on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a research report on Tuesday, June 17th. Wall Street Zen lowered AvalonBay Communities from a "hold" rating to a "sell" rating in a research note on Saturday. Evercore ISI upped their target price on AvalonBay Communities from $212.00 to $216.00 and gave the company an "in-line" rating in a report on Monday. Finally, Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $218.42.

AvalonBay Communities Stock Up 0.6%

NYSE AVB traded up $1.18 on Wednesday, hitting $193.46. 189,302 shares of the company were exchanged, compared to its average volume of 816,560. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. 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 has a market cap of $27.54 billion, a PE ratio of 23.83, a PEG ratio of 2.78 and a beta of 0.87. The stock has a fifty day moving average of $194.32 and a 200-day moving average of $202.18.

AvalonBay Communities (NYSE:AVB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.02. The firm had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same quarter in the prior year, the business 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. As a group, analysts forecast 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.