M&T Bank Corp Has $11.02 Million Stake in AvalonBay Communities, Inc. $AVB

Key Points

• M&T Bank Corp cut its stake in AvalonBay by 72.8% in the fourth quarter, leaving it with 60,797 shares valued at about $11.02 million.
• AvalonBay reported $2.33 EPS for the quarter, missing the $2.80 consensus by $0.47, and issued FY2026 guidance of 11.00–11.50 EPS with Q2 2026 guidance of 2.72–2.82 EPS.
• Analysts hold a consensus "Hold" rating on AVB with a consensus target price of about $197.47.

M&T Bank Corp lessened its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 72.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 60,797 shares of the real estate investment trust's stock after selling 162,940 shares during the period. M&T Bank Corp's holdings in AvalonBay Communities were worth $11,024,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Pictet Asset Management Holding SA lifted its holdings in shares of AvalonBay Communities by 1.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 72,169 shares of the real estate investment trust's stock worth $13,085,000 after purchasing an additional 1,134 shares during the period. Teacher Retirement System of Texas lifted its holdings in shares of AvalonBay Communities by 1,765.8% during the fourth quarter. Teacher Retirement System of Texas now owns 348,068 shares of the real estate investment trust's stock worth $63,108,000 after purchasing an additional 329,413 shares during the period. HB Wealth Management LLC lifted its holdings in shares of AvalonBay Communities by 17.9% during the fourth quarter. HB Wealth Management LLC now owns 2,144 shares of the real estate investment trust's stock worth $389,000 after purchasing an additional 326 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in shares of AvalonBay Communities by 0.8% during the fourth quarter. KLP Kapitalforvaltning AS now owns 49,179 shares of the real estate investment trust's stock worth $8,990,000 after purchasing an additional 400 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of AvalonBay Communities by 26.5% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 321,555 shares of the real estate investment trust's stock worth $58,849,000 after purchasing an additional 67,457 shares during the period. Institutional investors and hedge funds own 92.61% of the company's stock.

AvalonBay Communities Stock Up 1.6%

Shares of NYSE AVB opened at $185.33 on Wednesday. The company has a market capitalization of $25.78 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 3.20 and a beta of 0.79. AvalonBay Communities, Inc. has a 52-week low of $160.10 and a 52-week high of $209.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.77 and a current ratio of 0.77. The company's 50 day moving average price is $171.67 and its 200-day moving average price is $176.66.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings results on Monday, April 27th. The real estate investment trust reported $2.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($0.47). AvalonBay Communities had a net margin of 37.21% and a return on equity of 9.56%. The business had revenue of $770.28 million during the quarter, compared to analyst estimates of $768.80 million. During the same period last year, the firm posted $2.83 earnings per share. AvalonBay Communities has set its FY 2026 guidance at 11.000-11.500 EPS and its Q2 2026 guidance at 2.720-2.820 EPS. Equities analysts forecast that AvalonBay Communities, Inc. will post 11.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AVB shares. Cantor Fitzgerald lifted their price target on shares of AvalonBay Communities from $186.00 to $190.00 and gave the stock a "neutral" rating in a report on Monday. Citigroup cut their price target on shares of AvalonBay Communities from $212.00 to $198.00 and set a "neutral" rating on the stock in a report on Friday, February 13th. Wall Street Zen downgraded shares of AvalonBay Communities from a "hold" rating to a "sell" rating in a research report on Saturday, February 7th. Morgan Stanley restated an "equal weight" rating and issued a $203.00 price target (down from $208.00) on shares of AvalonBay Communities in a research report on Thursday, March 26th. Finally, UBS Group dropped their price target on shares of AvalonBay Communities from $192.00 to $191.00 and set a "neutral" rating on the stock in a research report on Thursday, January 8th. Four equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $197.47.

AvalonBay Communities Company Profile

AvalonBay Communities, Inc NYSE: AVB is a publicly traded real estate investment trust (REIT) that owns, develops, redevelops and manages multifamily residential properties. The company focuses on professionally managed apartment communities, offering a range of rental housing options and related resident services. As a REIT, AvalonBay's core activities center on the acquisition and development of apartment assets and the ongoing operations and leasing of those communities.

AvalonBay's operating activities include ground-up development, strategic redevelopment of existing properties, property and asset management, and on-site leasing and resident services.

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