Goldman Sachs Group Inc. Has $233.17 Million Stock Position in AvalonBay Communities, Inc. $AVB

Key Points

• Goldman Sachs reduced its stake in AvalonBay Communities by 2.1%, holding 1,086,407 shares valued at approximately $233 million after selling 23,168 shares in the first quarter.
• Other institutional investors, including Nuveen LLC and GAMMA Investing LLC, have also made significant adjustments to their positions in AvalonBay Communities.
• AvalonBay reported $2.82 EPS for the quarter, surpassing analysts' projections, but reported revenue of $689.90 million, falling short of the expected $759.08 million.

Goldman Sachs Group Inc. lessened its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 2.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,086,407 shares of the real estate investment trust's stock after selling 23,168 shares during the quarter. Goldman Sachs Group Inc. owned about 0.76% of AvalonBay Communities worth $233,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AVB. Nuveen LLC acquired a new stake in AvalonBay Communities in the first quarter worth about $280,226,000. GAMMA Investing LLC increased its position in AvalonBay Communities by 21,024.3% in the first quarter. GAMMA Investing LLC now owns 550,500 shares of the real estate investment trust's stock worth $118,148,000 after purchasing an additional 547,894 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of AvalonBay Communities by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust's stock worth $1,184,712,000 after buying an additional 367,853 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of AvalonBay Communities during the 4th quarter worth about $78,759,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of AvalonBay Communities during the 4th quarter worth about $59,023,000. Institutional investors and hedge funds own 92.61% of the company's stock.

AvalonBay Communities Stock Down 0.7%

Shares of AvalonBay Communities stock traded down $1.45 on Friday, reaching $195.38. 545,767 shares of the company were exchanged, compared to its average volume of 779,975. 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 $27.82 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.83 and a beta of 0.87. AvalonBay Communities, Inc. has a one year low of $180.40 and a one year high of $239.29. The company has a 50-day moving average of $194.70 and a 200 day moving average of $202.75.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its 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 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 firm earned $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, equities research analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

Insider Buying and Selling at AvalonBay Communities

In related news, CFO Kevin P. O'shea sold 6,000 shares of the business'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 transaction, the chief financial officer directly owned 22,782 shares of the company's stock, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.45% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on AVB. Piper Sandler restated a "neutral" rating and set a $200.00 target price (down from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. UBS Group decreased their price objective on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research report on Tuesday, July 15th. JPMorgan Chase & Co. decreased their price objective on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a research report on Tuesday, June 17th. Mizuho reiterated 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. Finally, Truist Financial upgraded AvalonBay Communities from a "hold" rating to a "buy" rating and cut their target price for the company from $224.00 to $218.00 in a research note on Thursday. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, AvalonBay Communities currently has a consensus rating of "Hold" and a consensus target price of $218.08.

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.