Cubist Systematic Strategies LLC Makes New Investment in AvalonBay Communities, Inc. $AVB

Key Points

• Cubist Systematic Strategies LLC has invested approximately $11.53 million in AvalonBay Communities, purchasing 53,727 shares of the company.
• AvalonBay Communities received mixed ratings from analysts, with Barclays and Mizuho lowering their price targets, while Wall Street Zen upgraded the stock from a "sell" to a "hold".
• AvalonBay reported earnings of $2.82 per share for the last quarter, surpassing analysts' expectations, despite a revenue shortfall compared to projected figures.

Cubist Systematic Strategies LLC purchased a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 53,727 shares of the real estate investment trust's stock, valued at approximately $11,531,000.

Other large investors have also added to or reduced their stakes in the company. Baker Tilly Wealth Management LLC grew its position in shares of AvalonBay Communities by 1.8% during 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 acquiring an additional 58 shares during the period. Golden State Equity Partners lifted its stake in AvalonBay Communities by 3.7% in the first quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust's stock valued at $356,000 after purchasing an additional 60 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in AvalonBay Communities by 1.0% in 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 purchasing an additional 64 shares during the last quarter. Roundview Capital LLC grew its holdings in 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 valued at $848,000 after purchasing an additional 66 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 buying an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Price Performance

AVB stock traded up $2.66 during midday trading on Friday, reaching $195.38. The company had a trading volume of 600,390 shares, compared to its average volume of 810,001. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The company has a market capitalization of $27.82 billion, a P/E ratio of 24.06, a P/E/G ratio of 2.81 and a beta of 0.87. The firm has a 50-day moving average price of $195.54 and a 200-day moving average price of $203.41.

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 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 during the quarter, compared to analysts' expectations of $759.08 million. During the same quarter in the previous year, the company 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 anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $205.67, for a total value of $1,222,708.15. Following the completion of the transaction, the executive vice president owned 17,617 shares of the company's stock, valued at $3,623,288.39. The trade was a 25.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kevin P. O'shea sold 6,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $207.57, for a total transaction of $1,245,420.00. Following the completion of the transaction, the chief financial officer directly owned 22,782 shares of the company's stock, 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 insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Morgan Stanley raised AvalonBay Communities from an "equal weight" rating to an "overweight" rating and dropped their price target for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. Royal Bank Of Canada lowered their price objective on AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Barclays cut their target price on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Wells Fargo & Company reduced their target price on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Finally, Wall Street Zen upgraded shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $223.43.

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.