IFM Investors Pty Ltd Reduces Stock Holdings in AvalonBay Communities, Inc. $AVB

Key Points

• IFM Investors Pty Ltd decreased its stake in AvalonBay Communities, Inc. by 7.1% in the first quarter, selling 4,266 shares and holding 55,702 shares valued at approximately $11.95 million as of the latest reporting period.
• Several brokerages have recently adjusted their ratings and price targets for AvalonBay Communities, with analysts mostly giving it a Hold rating, reflecting a general consensus on the stock’s current performance.
• The company’s latest earnings report indicated an EPS of $2.82, surpassing estimates, but revenue fell short of expectations, leading to mixed market reactions.

IFM Investors Pty Ltd trimmed its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 7.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,702 shares of the real estate investment trust's stock after selling 4,266 shares during the period. IFM Investors Pty Ltd's holdings in AvalonBay Communities were worth $11,955,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Proathlete Wealth Management LLC bought a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $29,000. Opal Wealth Advisors LLC bought a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $33,000. Keystone Global Partners LLC bought a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $45,000. Zions Bancorporation National Association UT bought a new position in shares of AvalonBay Communities during the 1st quarter worth approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of AvalonBay Communities during the 4th quarter worth approximately $53,000. 92.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on AVB shares. Morgan Stanley upgraded AvalonBay Communities from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Mizuho reiterated a "neutral" rating and issued a $199.00 target price (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Piper Sandler reiterated a "neutral" rating and issued a $200.00 target price (down from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. Wells Fargo & Company cut their target price on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a report on Wednesday, August 27th. Finally, Wall Street Zen cut AvalonBay Communities from a "hold" rating to a "sell" rating in a report on Saturday. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $218.08.

Insiders Place Their Bets

In other AvalonBay Communities news, CFO Kevin P. O'shea sold 6,000 shares of AvalonBay Communities stock in a transaction dated 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 transaction, the chief financial officer owned 22,782 shares of the company's stock, valued at $4,728,859.74. The trade was a 20.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.45% of the stock is owned by insiders.

AvalonBay Communities Stock Down 0.7%

Shares of NYSE AVB traded down $1.45 during trading on Friday, hitting $195.38. The stock had a trading volume of 545,767 shares, compared to its average volume of 779,975. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. 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 company has a market capitalization of $27.82 billion, a PE ratio of 24.06, a PEG ratio of 2.83 and a beta of 0.87. The firm has a fifty day moving average of $194.70 and a two-hundred 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 (EPS) for the quarter, topping 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 firm had revenue of $689.90 million during the quarter, compared to analyst estimates of $759.08 million. During the same quarter in the prior 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 research analysts forecast that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

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.