Cbre Investment Management Listed Real Assets LLC Has $107.59 Million Stake in AvalonBay Communities, Inc. $AVB

Key Points

• CBRE Investment Management increased its stake in AvalonBay Communities by 29.3% during the first quarter, bringing its total ownership to over 501,000 shares valued at approximately $107.6 million.
• AvalonBay Communities recently reported a quarterly EPS of $2.82, slightly beating analysts' expectations, but its revenue fell short at $689.9 million against a consensus estimate of $759.08 million.
• Despite some analysts lowering their price targets, AvalonBay Communities has a consensus rating of "Hold" with a price target of around $225.64, reflecting cautious optimism about its performance.

Cbre Investment Management Listed Real Assets LLC increased its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 29.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 501,309 shares of the real estate investment trust's stock after acquiring an additional 113,664 shares during the period. AvalonBay Communities comprises about 1.6% of Cbre Investment Management Listed Real Assets LLC's investment portfolio, making the stock its 17th biggest position. Cbre Investment Management Listed Real Assets LLC owned 0.35% of AvalonBay Communities worth $107,591,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in AVB. Proathlete Wealth Management LLC acquired a new position in AvalonBay Communities in the first quarter valued at about $29,000. Opal Wealth Advisors LLC acquired a new position in AvalonBay Communities in the first quarter valued at about $33,000. Ancora Advisors LLC boosted its position in 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 valued at $35,000 after buying an additional 150 shares in the last quarter. Keystone Global Partners LLC acquired a new position in AvalonBay Communities in the first quarter valued at about $45,000. Finally, Zions Bancorporation National Association UT acquired a new position in AvalonBay Communities in the first quarter valued at about $50,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at AvalonBay Communities

In other news, CFO Kevin P. O'shea sold 6,000 shares of the stock in a transaction 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 completion of the sale, the chief financial officer owned 22,782 shares of the company's stock, valued at $4,728,859.74. This represents a 20.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of the stock in a transaction 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 sale, the executive vice president directly owned 17,617 shares of the company's stock, valued at $3,623,288.39. This represents a 25.23% decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AVB. Scotiabank reduced their target price on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. JPMorgan Chase & Co. reduced their target price on shares of AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 17th. Wall Street Zen upgraded shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. UBS Group reduced their target price on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Finally, Royal Bank Of Canada reduced their target price on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat, AvalonBay Communities presently has a consensus rating of "Hold" and an average price target of $223.43.

AvalonBay Communities Trading Up 1.1%

AVB traded up $2.16 during mid-day trading on Wednesday, hitting $194.17. The stock had a trading volume of 613,152 shares, compared to its average volume of 824,501. The stock's fifty day simple moving average is $197.45 and its 200-day simple moving average is $204.90. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $27.65 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 2.77 and a beta of 0.86. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 previous year, the firm 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, research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal 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.