MBB Public Markets I LLC Buys Shares of 1,440 AvalonBay Communities, Inc. $AVB

Key Points

• MBB Public Markets I LLC has purchased 1,440 shares of AvalonBay Communities, Inc. for approximately $309,000, reflecting significant institutional interest in the real estate investment trust.
• AvalonBay's stock has recently seen a decline of 1.3%, with a current price of $192.75, amid updated earnings results and guidance for FY 2025.
• Analysts have revised their price targets for AvalonBay Communities, with estimates ranging from $199.00 to $244.00, indicating a cautious outlook on the stock's performance.

MBB Public Markets I LLC bought a new stake in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,440 shares of the real estate investment trust's stock, valued at approximately $309,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AVB. Nuveen LLC acquired a new position in AvalonBay Communities during the 1st quarter valued at about $280,226,000. GAMMA Investing LLC boosted its stake in AvalonBay Communities by 21,024.3% during the 1st quarter. GAMMA Investing LLC now owns 550,500 shares of the real estate investment trust's stock valued at $118,148,000 after purchasing an additional 547,894 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in AvalonBay Communities by 7.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust's stock valued at $1,184,712,000 after purchasing an additional 367,853 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in AvalonBay Communities during the 4th quarter valued at about $78,759,000. Finally, Public Employees Retirement System of Ohio acquired a new position in AvalonBay Communities during the 4th quarter valued at about $59,023,000. 92.61% of the stock is owned by institutional investors and hedge funds.

AvalonBay Communities Stock Down 1.3%

NYSE AVB opened at $192.75 on Thursday. 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's 50 day simple moving average is $195.01 and its 200 day simple moving average is $203.11. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The company has a market capitalization of $27.44 billion, a P/E ratio of 23.74, a PEG ratio of 2.81 and a beta of 0.87.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 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 business had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. During the same period in the previous 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. Equities research analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. 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 note on Wednesday, August 27th. 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 note on Friday, August 1st. 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 note on Thursday, August 14th. UBS Group reduced their price target on shares of 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, 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. Four analysts have rated the stock with a Buy rating and nine have issued 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 $219.08.

Insider Buying and Selling

In related news, CFO Kevin P. O'shea sold 6,000 shares of the business's stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 22,782 shares of the company's stock, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Edward M. Schulman sold 5,945 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $205.67, for a total transaction of $1,222,708.15. Following the transaction, the executive vice president directly owned 17,617 shares in the company, valued at $3,623,288.39. The trade was 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.

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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