B. Metzler seel. Sohn & Co. AG Sells 2,068 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• B. Metzler seel. Sohn & Co. AG has reduced its stake in AvalonBay Communities, Inc. by 21.2%, selling 2,068 shares to hold a total of 7,693 shares valued at approximately $1.65 million.
• AvalonBay reported $2.82 EPS for the last quarter, surpassing analysts' expectations, but its revenue of $689.90 million fell short of estimates.
• Analysts have recently revised their price targets for AvalonBay, with the consensus now at $223.43, indicating a shift in outlook for the stock.

B. Metzler seel. Sohn & Co. AG decreased its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 21.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,693 shares of the real estate investment trust's stock after selling 2,068 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in AvalonBay Communities were worth $1,651,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Achmea Investment Management B.V. grew its stake in AvalonBay Communities by 33.5% during the first quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust's stock valued at $4,951,000 after acquiring an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in AvalonBay Communities by 4.9% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 48,476 shares of the real estate investment trust's stock valued at $10,404,000 after acquiring an additional 2,243 shares in the last quarter. Vert Asset Management LLC grew its stake in AvalonBay Communities by 5.0% during the first quarter. Vert Asset Management LLC now owns 66,660 shares of the real estate investment trust's stock valued at $14,307,000 after acquiring an additional 3,199 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in AvalonBay Communities by 9.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 344,505 shares of the real estate investment trust's stock valued at $73,938,000 after acquiring an additional 28,608 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in AvalonBay Communities during the fourth quarter valued at approximately $568,000. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Trading Up 0.8%

NYSE:AVB traded up $1.42 during midday trading on Wednesday, reaching $190.44. 431,562 shares of the stock traded hands, compared to its average volume of 822,964. The company has a fifty day moving average of $196.17 and a 200 day moving average of $204.03. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. 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 capitalization of $27.11 billion, a P/E ratio of 23.45, a PEG ratio of 2.82 and a beta of 0.87.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The business had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. During the same quarter last year, the firm earned $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. On average, research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Wall Street Analyst Weigh In

AVB has been the topic of a number of research analyst reports. Wall Street Zen upgraded AvalonBay Communities from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. cut 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 note on Tuesday, June 17th. Royal Bank Of Canada lowered their price objective on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Scotiabank lowered their price objective on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. Finally, Evercore ISI lowered their price objective on shares of AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating for the company 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. According to data from MarketBeat.com, AvalonBay Communities presently has a consensus rating of "Hold" and an average price target 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 business'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 transaction, the chief financial officer owned 22,782 shares in the company, valued at approximately $4,728,859.74. This represents a 20.85% decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by company insiders.

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.