Hsbc Holdings PLC Acquires 29,621 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• HSBC Holdings PLC has increased its holdings in AvalonBay Communities by 4.9%, acquiring an additional 29,621 shares to own approximately 0.45% of the company, valued at $135.9 million.
• AvalonBay Communities reported a Q2 EPS of $2.82, beating the consensus estimate by $0.02, but its revenue fell short of estimates at $689.9 million.
• Investment analysts have generally rated AvalonBay Communities as a "Hold", with a consensus target price of $225.64, reflecting recent price target reductions from several brokerages.

Hsbc Holdings PLC increased its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 4.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 633,631 shares of the real estate investment trust's stock after buying an additional 29,621 shares during the period. Hsbc Holdings PLC owned about 0.45% of AvalonBay Communities worth $135,904,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AVB. Mariner LLC raised its stake in AvalonBay Communities by 8.4% in the fourth quarter. Mariner LLC now owns 17,027 shares of the real estate investment trust's stock worth $3,745,000 after buying an additional 1,326 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S bought a new position in AvalonBay Communities in the fourth quarter worth approximately $1,153,000. MetLife Investment Management LLC raised its stake in AvalonBay Communities by 1.3% in the fourth quarter. MetLife Investment Management LLC now owns 41,765 shares of the real estate investment trust's stock worth $9,187,000 after buying an additional 526 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in AvalonBay Communities by 21.6% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 12,438 shares of the real estate investment trust's stock worth $2,736,000 after buying an additional 2,213 shares in the last quarter. Finally, TD Waterhouse Canada Inc. raised its stake in AvalonBay Communities by 6.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 4,809 shares of the real estate investment trust's stock worth $1,058,000 after buying an additional 300 shares in the last quarter. Institutional investors own 92.61% of the company's stock.

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of the company'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 approximately $3,623,288.39. This represents a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,245,420.00. Following the completion of the sale, the chief financial officer directly 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. 0.48% of the stock is currently owned by corporate insiders.

AvalonBay Communities Price Performance

NYSE AVB opened at $191.2430 on Wednesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.70 and a quick ratio of 0.70. The stock's fifty day moving average price is $198.95 and its 200 day moving average price is $205.93. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The company has a market cap of $27.23 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 2.70 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings results 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. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The company had revenue of $689.90 million for the quarter, compared to analyst estimates of $759.08 million. During the same period in the prior year, the company earned $2.77 earnings per share. 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 research analysts forecast that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on AVB. Mizuho reissued a "neutral" rating and issued a $199.00 price objective (down previously from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. Piper Sandler reaffirmed a "neutral" rating and set a $200.00 price target (down from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Barclays reduced their price target 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. Scotiabank reduced their price target on AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a research report on Thursday, August 14th. Finally, Royal Bank Of Canada reduced their price target 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. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $225.64.

AvalonBay Communities Company 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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