FORA Capital LLC Makes New $1.89 Million Investment in AvalonBay Communities, Inc. $AVB

Key Points

• FORA Capital LLC invested $1.89 million in AvalonBay Communities during the first quarter, purchasing 8,786 shares of the real estate investment trust's stock.
• AvalonBay reported $2.82 earnings per share for the last quarter, surpassing the consensus estimate of $2.80, but revenue was lower than expected at $689.90 million.
• Analysts have mixed views on AvalonBay, with an average rating of "Hold" and a consensus price target of $224.23, reflecting recent adjustments from multiple financial institutions.

FORA Capital LLC bought a new stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,786 shares of the real estate investment trust's stock, valued at approximately $1,886,000.

Several other institutional investors have also modified their holdings of AVB. Proathlete Wealth Management LLC purchased a new stake in shares of AvalonBay Communities in the first quarter valued at about $29,000. Opal Wealth Advisors LLC acquired a new position in AvalonBay Communities in the 1st quarter valued at about $33,000. Ancora Advisors LLC grew its stake in shares of AvalonBay Communities by 1,666.7% in the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 150 shares during the period. Keystone Global Partners LLC acquired a new stake in shares of AvalonBay Communities during the 1st quarter worth approximately $45,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of AvalonBay Communities during the 1st quarter valued at approximately $50,000. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Up 0.6%

NYSE:AVB traded up $1.26 during midday trading on Monday, hitting $195.87. 886,025 shares of the company were exchanged, compared to its average volume of 978,833. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week 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. The company has a market capitalization of $27.89 billion, a PE ratio of 24.12, a price-to-earnings-growth ratio of 2.82 and a beta of 0.87. The company has a fifty day simple moving average of $196.75 and a 200 day simple moving average of $204.29.

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 earnings per share (EPS) 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 the consensus estimate of $759.08 million. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.During the same quarter last year, the business 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. As a group, equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Kevin P. O'shea sold 6,000 shares of the company's stock in a transaction on 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 completion of the sale, the chief financial officer owned 22,782 shares in the company, valued at $4,728,859.74. This represents a 20.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Edward M. Schulman sold 5,945 shares of the stock in a transaction on 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 owned 17,617 shares of the company's stock, valued at approximately $3,623,288.39. This represents a 25.23% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen upgraded AvalonBay Communities from a "sell" rating to a "hold" rating in a report on Saturday, August 2nd. Barclays lowered their price objective 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. Royal Bank Of Canada cut their target price on shares of 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. Evercore ISI reduced their target price on shares of AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating on the stock in a report on Tuesday, August 12th. Finally, Scotiabank dropped their price target on shares of 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. Six equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, AvalonBay Communities has a consensus rating of "Hold" and an average price target of $223.43.

About AvalonBay Communities

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.