Fjarde AP Fonden Fourth Swedish National Pension Fund Reduces Stock Holdings in AvalonBay Communities, Inc. $AVB

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in AvalonBay Communities by 13.2%, selling 3,500 shares, which brings its total ownership to 23,071 shares worth approximately $4.95 million.
• AvalonBay Communities reported an EPS of $2.82 for the most recent quarter, beating analysts' estimates, although revenue of $689.90 million missed expectations.
• The company declared a quarterly dividend of $1.75 per share, representing a 3.7% yield, with a current dividend payout ratio of 86.21%.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 13.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,071 shares of the real estate investment trust's stock after selling 3,500 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in AvalonBay Communities were worth $4,951,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AVB. Proathlete Wealth Management LLC acquired a new stake in AvalonBay Communities in the first quarter valued at $29,000. Opal Wealth Advisors LLC purchased a new stake in shares of AvalonBay Communities in the first quarter valued at $33,000. Ancora Advisors LLC lifted its position 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 valued at $35,000 after acquiring an additional 150 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in shares of AvalonBay Communities in the first quarter valued at $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of AvalonBay Communities in the fourth quarter valued at $53,000. Institutional investors and hedge funds own 92.61% of the company's stock.

Wall Street Analysts Forecast Growth

AVB has been the topic of several recent research reports. Barclays reduced their price objective on AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Royal Bank Of Canada reduced their price objective 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. Mizuho restated a "neutral" rating and issued a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Morgan Stanley upgraded AvalonBay Communities from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $228.00 to $225.00 in a research report on Wednesday, August 13th. Finally, Evercore ISI reduced 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. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, AvalonBay Communities has a consensus rating of "Hold" and an average target price of $225.64.

AvalonBay Communities Trading Down 0.2%

Shares of NYSE AVB traded down $0.36 during midday trading on Wednesday, hitting $191.09. The stock had a trading volume of 473,743 shares, compared to its average volume of 819,967. The company has a market capitalization of $27.21 billion, a price-to-earnings ratio of 23.53, a PEG ratio of 2.70 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. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a fifty day moving average price of $198.95 and a 200 day moving average price of $205.93.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.02. The business had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same period in the previous year, the company 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, analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

Insider Activity

In related news, EVP Edward M. Schulman sold 5,945 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $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 can be accessed through this link. Also, CFO Kevin P. O'shea sold 6,000 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $207.57, for a total value of $1,245,420.00. Following the sale, the chief financial officer owned 22,782 shares in the company, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.48% of the company's stock.

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.