Nomura Holdings Inc. Increases Position in AvalonBay Communities, Inc. $AVB

Key Points

• Nomura Holdings Inc. increased its stake in AvalonBay Communities by 67.2%, acquiring an additional 14,234 shares, bringing its total holdings to 35,402 shares valued at approximately $7.6 million.
• Investment analysts have adjusted their price targets for AvalonBay Communities, with several firms now placing target prices between $199.00 and $216.00, reflecting a general "neutral" outlook.
• Institutional investors own a significant portion of AvalonBay Communities, with 92.61% of the stock held by these entities, indicating strong institutional support.

Nomura Holdings Inc. boosted its position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 67.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,402 shares of the real estate investment trust's stock after buying an additional 14,234 shares during the period. Nomura Holdings Inc.'s holdings in AvalonBay Communities were worth $7,598,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AVB. Lido Advisors LLC boosted its stake in AvalonBay Communities by 4.7% during the fourth quarter. Lido Advisors LLC now owns 2,502 shares of the real estate investment trust's stock valued at $555,000 after buying an additional 112 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of AvalonBay Communities in the 4th quarter valued at approximately $6,599,000. Ancora Advisors LLC lifted its stake in shares of AvalonBay Communities by 1,666.7% in 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 during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of AvalonBay Communities by 17.8% in the 4th quarter. BNP Paribas Financial Markets now owns 305,729 shares of the real estate investment trust's stock valued at $67,251,000 after purchasing an additional 46,198 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its stake in shares of AvalonBay Communities by 2.3% in the 4th quarter. Benjamin Edwards Inc. now owns 6,353 shares of the real estate investment trust's stock valued at $1,398,000 after purchasing an additional 143 shares during the last quarter. 92.61% of the stock is owned by institutional investors.

Insider Buying and Selling at AvalonBay Communities

In other news, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction on 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 directly owned 17,617 shares in the company, valued at approximately $3,623,288.39. This trade represents a 25.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Kevin P. O'shea sold 6,000 shares of AvalonBay Communities stock in a transaction 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.45% of the company's stock.

Analyst Ratings Changes

AVB has been the subject of several analyst reports. Evercore ISI lowered their price objective on AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating for the company in a research note on Tuesday, August 12th. JPMorgan Chase & Co. lowered their price objective 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. Mizuho reaffirmed a "neutral" rating and issued a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a research note on Thursday, August 14th. UBS Group lowered their price objective 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 price objective 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 stock. According to MarketBeat, AvalonBay Communities presently has a consensus rating of "Hold" and a consensus target price of $223.43.

AvalonBay Communities Trading Up 0.9%

AVB traded up $1.81 during trading on Thursday, hitting $192.88. 669,232 shares of the stock were exchanged, compared to its average volume of 823,937. The firm has a 50 day simple moving average of $195.95 and a 200 day simple moving average of $203.94. The firm has a market cap of $27.46 billion, a price-to-earnings ratio of 23.75, a P/E/G ratio of 2.82 and a beta of 0.87. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping the consensus estimate of $2.80 by $0.02. The company had revenue of $689.90 million for the quarter, compared to the consensus estimate 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 last 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 analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

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.