Dimensional Fund Advisors LP Sells 16,262 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• Dimensional Fund Advisors LP reduced its position in AvalonBay Communities, Inc. by 0.8%, now holding shares worth approximately $446 million at the end of the first quarter.
• AvalonBay Communities reported a quarterly earnings per share of $2.82, surpassing estimates, but revenue fell short of expectations at $689.9 million.
• The company announced a quarterly dividend of $1.75, offering a yield of 3.7% with a payout ratio of 86.21%.

Dimensional Fund Advisors LP lowered its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,078,157 shares of the real estate investment trust's stock after selling 16,262 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.46% of AvalonBay Communities worth $446,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Proathlete Wealth Management LLC bought a new position in shares of AvalonBay Communities in the first quarter worth about $29,000. Opal Wealth Advisors LLC bought a new position in shares of AvalonBay Communities in the first quarter worth about $33,000. Ancora Advisors LLC lifted its holdings in shares of 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 worth $35,000 after acquiring an additional 150 shares during the last quarter. Zions Bancorporation National Association UT acquired a new position in shares of AvalonBay Communities in the first quarter valued at approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of AvalonBay Communities in the fourth quarter valued at approximately $53,000. Institutional investors own 92.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on AVB. Barclays lowered their price objective 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. UBS Group lowered their price objective on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Mizuho reaffirmed a "neutral" rating and issued a $199.00 price objective (down previously from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Scotiabank lowered their price objective on AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Finally, Wall Street Zen raised 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $225.64.

Insider Activity at AvalonBay Communities

In other news, EVP Edward M. Schulman sold 5,945 shares of the firm'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 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 $3,623,288.39. This trade represents a 25.23% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Kevin P. O'shea sold 6,000 shares of the firm'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 sale, the chief financial officer directly owned 22,782 shares of the company's stock, valued at approximately $4,728,859.74. This trade represents a 20.85% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.48% of the company's stock.

AvalonBay Communities Trading Down 0.2%

NYSE:AVB traded down $0.30 on Wednesday, reaching $191.15. 524,399 shares of the stock traded hands, compared to its average volume of 820,380. The firm has a market capitalization of $27.22 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.70 and a beta of 0.86. The company's 50 day moving average is $198.95 and its 200-day moving average is $205.93. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. 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 released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating analysts' consensus estimates of $2.80 by $0.02. The business had revenue of $689.90 million during the quarter, compared to the consensus estimate 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 firm posted $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. Equities research analysts anticipate 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.