Fiduciary Financial Group LLC Takes $378,000 Position in AvalonBay Communities, Inc. $AVB

Key Points

• Fiduciary Financial Group LLC acquired a new stake in AvalonBay Communities, Inc., purchasing 1,861 shares valued at approximately $378,000 in the second quarter, highlighting ongoing institutional interest in the real estate investment trust.
• AvalonBay Communities' CFO, Kevin P. O'Shea, sold 6,000 shares recently, equating to a total value of $1.25 million, indicating a reduction of 20.85% in his holdings.
• Analysts have revised their target prices for AvalonBay Communities, with Barclays lowering it from $241.00 to $228.00, while the stock currently has a consensus rating of "Hold" and an average target price of $218.08.

Fiduciary Financial Group LLC acquired a new stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,861 shares of the real estate investment trust's stock, valued at approximately $378,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AVB. Proathlete Wealth Management LLC acquired a new stake in shares of AvalonBay Communities in the first quarter valued at about $29,000. Opal Wealth Advisors LLC bought a new stake in AvalonBay Communities in the first quarter valued at approximately $33,000. Keystone Global Partners LLC acquired a new stake in AvalonBay Communities during the 1st quarter valued at approximately $45,000. Zions Bancorporation National Association UT acquired a new stake in AvalonBay Communities during the 1st quarter valued at approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in AvalonBay Communities during the 4th quarter worth approximately $53,000. 92.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CFO Kevin P. O'shea sold 6,000 shares of AvalonBay Communities stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $207.57, for a total value 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 approximately $4,728,859.74. This trade represents a 20.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AVB shares. Barclays lowered 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 note on Tuesday, August 12th. Wells Fargo & Company dropped their price objective on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Royal Bank Of Canada cut their target price on 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. JPMorgan Chase & Co. lowered their target price on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a report on Tuesday, June 17th. Finally, Mizuho restated a "neutral" rating and set a $199.00 price target (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $218.08.

AvalonBay Communities Trading Down 0.7%

Shares of AvalonBay Communities stock opened at $195.38 on Friday. The company has a market capitalization of $27.82 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87. The stock has a fifty day simple moving average of $194.70 and a 200 day simple moving average of $202.62. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. 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 (NYSE:AVB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, topping 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 period 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. On average, sell-side analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share 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.

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