Groupe la Francaise Has $5.23 Million Stock Holdings in AvalonBay Communities, Inc. $AVB

Key Points

• Groupe la Francaise increased its stake in AvalonBay Communities by 13.2%, acquiring an additional 2,867 shares, bringing total holdings to 24,536 shares worth approximately $5.23 million.
• AvalonBay's stock has seen various analyst ratings changes, with a consensus average rating of "Hold" and a target price of $225.64.
• The company reported $2.82 EPS for Q2, slightly exceeding analysts' expectations, and set its FY 2025 guidance between 11.190-11.590 EPS.

Groupe la Francaise raised its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 13.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,536 shares of the real estate investment trust's stock after purchasing an additional 2,867 shares during the period. Groupe la Francaise's holdings in AvalonBay Communities were worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC acquired a new position in AvalonBay Communities during the 1st quarter valued at about $29,000. Opal Wealth Advisors LLC acquired a new position in AvalonBay Communities during the 1st quarter valued at about $33,000. Ancora Advisors LLC lifted its position in AvalonBay Communities by 1,666.7% during the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 150 shares during the period. Keystone Global Partners LLC acquired a new position in AvalonBay Communities during the 1st quarter valued at about $45,000. Finally, Zions Bancorporation National Association UT bought a new stake in shares of AvalonBay Communities in the 1st quarter valued at about $50,000. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at AvalonBay Communities

In other AvalonBay Communities news, CFO Kevin P. O'shea sold 6,000 shares of the firm's stock in a transaction 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 completion of the sale, the chief financial officer owned 22,782 shares of the company's stock, valued at $4,728,859.74. This trade represents a 20.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of the firm's stock in a transaction on 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 sale, the executive vice president directly owned 17,617 shares of the company's stock, valued at $3,623,288.39. This represents a 25.23% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.45% of the company's stock.

Analysts Set New Price Targets

AVB has been the subject of a number of recent analyst reports. Mizuho reaffirmed a "neutral" rating and issued a $199.00 price target (down from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Evercore ISI lowered their price target on AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating for the company in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lowered their price target on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a research note on Tuesday, June 17th. Wells Fargo & Company lowered 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. Finally, UBS Group lowered their target price on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $223.43.

AvalonBay Communities Stock Up 0.2%

Shares of AVB traded up $0.48 during mid-day trading on Thursday, hitting $194.60. 893,267 shares of the company's stock were exchanged, compared to its average volume of 822,843. The company has a market cap of $27.71 billion, a PE ratio of 23.97, a P/E/G ratio of 2.77 and a beta of 0.86. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week high of $239.29. The company has a 50-day simple moving average of $197.21 and a 200 day simple moving average of $204.83.

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 EPS for the quarter, beating the consensus estimate of $2.80 by $0.02. The company had revenue of $689.90 million during 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 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, research analysts forecast 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.