Candriam S.C.A. Has $3.49 Million Stock Holdings in AvalonBay Communities, Inc. $AVB

Key Points

• Candriam S.C.A. has reduced its position in AvalonBay Communities, Inc. by 18.5%, now holding a total of 16,273 shares worth approximately $3.49 million.
• Analysts have downgraded price targets for AvalonBay Communities, with JPMorgan lowering its target from $251.00 to $249.00, while Royal Bank of Canada reduced its target from $216.00 to $211.00.
• The company reported $2.82 EPS in its last earnings results, slightly beating consensus estimates, but revenues fell below analyst expectations at $689.90 million.

Candriam S.C.A. lessened its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,273 shares of the real estate investment trust's stock after selling 3,699 shares during the period. Candriam S.C.A.'s holdings in AvalonBay Communities were worth $3,493,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Analysts LLC lifted its position in AvalonBay Communities by 48.5% in the first quarter. Capital Analysts LLC now owns 245 shares of the real estate investment trust's stock worth $53,000 after purchasing an additional 80 shares during the period. Jones Road Capital Management L.P. lifted its holdings in shares of AvalonBay Communities by 12.8% during the 1st quarter. Jones Road Capital Management L.P. now owns 13,600 shares of the real estate investment trust's stock worth $2,919,000 after acquiring an additional 1,539 shares during the period. EntryPoint Capital LLC lifted its holdings in shares of AvalonBay Communities by 8.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,440 shares of the real estate investment trust's stock worth $524,000 after acquiring an additional 200 shares during the period. Credit Agricole S A boosted its position in shares of AvalonBay Communities by 8.3% during the 1st quarter. Credit Agricole S A now owns 41,342 shares of the real estate investment trust's stock valued at $8,873,000 after acquiring an additional 3,163 shares in the last quarter. Finally, Groupama Asset Managment increased its stake in AvalonBay Communities by 1.6% in the first quarter. Groupama Asset Managment now owns 12,899 shares of the real estate investment trust's stock valued at $2,755,000 after acquiring an additional 198 shares during the period. 92.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Piper Sandler reaffirmed a "neutral" rating and issued a $200.00 price target (down previously from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. Wall Street Zen upgraded AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Mizuho reiterated a "neutral" rating and issued a $199.00 price objective (down previously from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Scotiabank decreased their target price on AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Finally, Barclays lowered their target price on AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $223.43.

Insider Activity

In other AvalonBay Communities news, CFO Kevin P. O'shea sold 6,000 shares of the stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the transaction, the chief financial officer owned 22,782 shares in the company, valued at $4,728,859.74. This represents a 20.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $205.67, for a total transaction of $1,222,708.15. Following the completion of the sale, the executive vice president owned 17,617 shares of the company's stock, valued at approximately $3,623,288.39. The trade was a 25.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is owned by insiders.

AvalonBay Communities Trading Down 0.3%

AvalonBay Communities stock traded down $0.62 during trading hours on Thursday, reaching $193.50. 271,513 shares of the company's stock traded hands, compared to its average volume of 821,031. The firm's 50 day moving average is $197.21 and its 200-day moving average is $204.83. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week 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 firm has a market capitalization of $27.55 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 2.77 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings results 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. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The company had revenue of $689.90 million during the quarter, compared to analysts' expectations of $759.08 million. During the same quarter 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. On average, analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

AvalonBay Communities 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.