Jump Financial LLC Takes Position in AvalonBay Communities, Inc. $AVB

Key Points

• Jump Financial LLC has acquired 2,450 shares of AvalonBay Communities, Inc. ($AVB), valued at approximately $526,000, marking its entry in the real estate investment trust sector during the 1st quarter.
• AvalonBay Communities reported an EPS of $2.82 for the last quarter, exceeding analysts' expectations by $0.02, with total revenue of $689.90 million compared to anticipated $759.08 million.
• Several analysts have recently adjusted their target prices on AvalonBay stock, with Evercore ISI lowering its target from $216 to $212 while Morgan Stanley upgraded it from "equal weight" to "overweight."

Jump Financial LLC purchased a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,450 shares of the real estate investment trust's stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proathlete Wealth Management LLC acquired a new stake in AvalonBay Communities during the 1st quarter valued at $29,000. Opal Wealth Advisors LLC acquired a new stake in AvalonBay Communities during the 1st quarter valued at $33,000. Ancora Advisors LLC increased its holdings 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 in the last quarter. Keystone Global Partners LLC acquired a new stake in AvalonBay Communities during the 1st quarter valued at $45,000. Finally, Zions Bancorporation National Association UT acquired a new stake in AvalonBay Communities during the 1st quarter valued at $50,000. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Trading Up 0.3%

AVB stock traded up $0.52 during midday trading on Thursday, hitting $191.59. 250,482 shares of the company's stock were exchanged, compared to its average volume of 821,339. The stock's fifty day moving average price is $195.95 and its 200-day moving average price is $203.94. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. The company has a market cap of $27.28 billion, a PE ratio of 23.60, a price-to-earnings-growth ratio of 2.82 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.

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 the consensus estimate of $2.80 by $0.02. The firm 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 company posted $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. Research analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AVB. JPMorgan Chase & Co. lowered their target price 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. Piper Sandler reissued a "neutral" rating and issued a $200.00 target price (down from $255.00) on shares of AvalonBay Communities in a research note on Monday, August 4th. Wells Fargo & Company lowered their target price on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. 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. Finally, Scotiabank lowered their target price on AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $223.43.

Insider Activity

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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $205.67, for a total value of $1,222,708.15. Following the transaction, the executive vice president owned 17,617 shares in the company, valued at approximately $3,623,288.39. This represents a 25.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.45% of the company's stock.

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.