Ieq Capital LLC Has $1.40 Million Holdings in AvalonBay Communities, Inc. $AVB

Key Points

• Ieq Capital LLC has increased its holdings in AvalonBay Communities, Inc. by 35.4%, owning 6,536 shares valued at approximately $1.4 million.
• AvalonBay reported $2.82 earnings per share for the recent quarter, surpassing estimates, but with revenue falling short at $689.9 million.
• The stock currently has a market cap of $27.89 billion, and analysts have varied price targets, with a consensus target of $223.43.

Ieq Capital LLC raised its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 35.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,536 shares of the real estate investment trust's stock after buying an additional 1,708 shares during the period. Ieq Capital LLC's holdings in AvalonBay Communities were worth $1,403,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC bought a new stake in AvalonBay Communities during the first quarter worth approximately $29,000. Opal Wealth Advisors LLC bought a new stake in AvalonBay Communities during the first quarter worth approximately $33,000. Ancora Advisors LLC boosted its holdings in AvalonBay Communities by 1,666.7% during the fourth quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after buying an additional 150 shares in the last quarter. Keystone Global Partners LLC bought a new stake in AvalonBay Communities during the first quarter worth approximately $45,000. Finally, Zions Bancorporation National Association UT bought a new stake in AvalonBay Communities during the first quarter worth approximately $50,000. 92.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AVB. Mizuho restated a "neutral" rating and set a $199.00 target price (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. JPMorgan Chase & Co. reduced their price target on shares of AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a research report on Tuesday, June 17th. Wells Fargo & Company reduced their price target on shares of AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research report on Wednesday, August 27th. Scotiabank reduced 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 report on Thursday, August 14th. Finally, Royal Bank Of Canada reduced their price target on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, AvalonBay Communities currently has a consensus rating of "Hold" and a consensus target price of $223.43.

AvalonBay Communities Stock Up 1.4%

AVB stock traded up $2.66 during midday trading on Friday, reaching $195.38. The company had a trading volume of 600,390 shares, compared to its average volume of 816,002. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year 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 $27.82 billion, a P/E ratio of 24.06, a PEG ratio of 2.81 and a beta of 0.87. The company has a 50 day moving average of $195.54 and a two-hundred day moving average of $203.52.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its 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. 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 during the quarter, compared to the consensus estimate of $759.08 million. During the same quarter in the prior 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 expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AvalonBay Communities news, CFO Kevin P. O'shea sold 6,000 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 17,617 shares of the company's stock, valued at approximately $3,623,288.39. The trade was a 25.23% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is owned by corporate insiders.

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.