AvalonBay Communities, Inc. $AVB Shares Bought by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its holdings in AvalonBay Communities by 186.7%, acquiring an additional 5,860 shares, bringing its total to 8,998 shares valued at approximately $1.93 million.
• AvalonBay Communities recently reported earnings of $2.82 per share, exceeding analysts' estimates, but revenue fell short with $689.90 million compared to the expected $759.08 million.
• Several institutional investors made significant changes to their positions in AvalonBay, with Bank of America increasing its stake by 86.3% and others adjusting their holdings during the fourth quarter.

Federation des caisses Desjardins du Quebec raised its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 186.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,998 shares of the real estate investment trust's stock after purchasing an additional 5,860 shares during the period. Federation des caisses Desjardins du Quebec's holdings in AvalonBay Communities were worth $1,932,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AVB. Achmea Investment Management B.V. boosted its position in shares of AvalonBay Communities by 33.5% in the 1st quarter. Achmea Investment Management B.V. now owns 23,068 shares of the real estate investment trust's stock worth $4,951,000 after purchasing an additional 5,791 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of 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 worth $10,404,000 after purchasing an additional 2,243 shares during the last quarter. Vert Asset Management LLC lifted its position 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 purchasing an additional 3,199 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in AvalonBay Communities by 9.1% in 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 purchasing an additional 28,608 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in AvalonBay Communities during the 4th quarter worth about $568,000. 92.61% of the stock is currently owned by institutional investors.

Insider Transactions at AvalonBay Communities

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of the company's stock in a transaction dated 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 transaction, the executive vice president owned 17,617 shares of the company's stock, valued at $3,623,288.39. This represents a 25.23% decrease in their ownership of the stock. The transaction 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 AvalonBay Communities stock in a transaction dated 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 sale, the chief financial officer owned 22,782 shares of the company's stock, valued at approximately $4,728,859.74. This represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.48% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen upgraded shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Evercore ISI dropped their target price on AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating on the stock in a research report on Tuesday, August 12th. Wells Fargo & Company cut their price target on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Morgan Stanley upgraded AvalonBay Communities from an "equal weight" rating to an "overweight" rating and lowered their price target for the stock from $228.00 to $225.00 in a research report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. decreased their target price on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 17th. Six analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $223.43.

AvalonBay Communities Price Performance

Shares of AvalonBay Communities stock traded up $0.68 during trading hours on Tuesday, reaching $195.15. 673,674 shares of the company's stock were exchanged, compared to its average volume of 798,677. The business has a fifty day moving average of $195.19 and a two-hundred day moving average of $203.18. The company has a market capitalization of $27.79 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 2.80 and a beta of 0.87. The company has a quick ratio of 0.70, a current 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 posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping analysts' consensus estimates of $2.80 by $0.02. The firm had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same period in the previous year, the business posted $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 predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

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.