AvalonBay Communities, Inc. $AVB Shares Sold by Pensionfund DSM Netherlands

Key Points

• Pensionfund DSM Netherlands has decreased its holdings in AvalonBay Communities, Inc. by 9.0%, owning 20,120 shares valued at approximately $4.32 million.
• Insider activity includes the CFO selling 6,000 shares for over $1.24 million, resulting in a 20.85% decrease in their position.
• Analysts have issued mixed reviews, with several reducing their price targets for the stock; the average price target now stands at $218.08.

Pensionfund DSM Netherlands trimmed its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 9.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,120 shares of the real estate investment trust's stock after selling 2,000 shares during the period. AvalonBay Communities accounts for approximately 2.9% of Pensionfund DSM Netherlands' holdings, making the stock its 9th largest position. Pensionfund DSM Netherlands' holdings in AvalonBay Communities were worth $4,318,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC bought a new stake in AvalonBay Communities in the first quarter worth approximately $29,000. Opal Wealth Advisors LLC bought a new stake in shares of AvalonBay Communities during the 1st quarter worth $33,000. Keystone Global Partners LLC bought a new stake in shares of AvalonBay Communities during the 1st quarter worth $45,000. Zions Bancorporation National Association UT bought a new stake in shares of AvalonBay Communities during the 1st quarter worth $50,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of AvalonBay Communities during the 4th quarter worth $53,000. 92.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AVB. JPMorgan Chase & Co. decreased their price objective on shares of AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating for the company in a report on Tuesday, June 17th. Evercore ISI upped their price objective on shares of AvalonBay Communities from $212.00 to $216.00 and gave the stock an "in-line" rating in a report on Monday. Royal Bank Of Canada decreased their price objective on shares of AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Morgan Stanley raised shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and decreased their price objective for the stock from $228.00 to $225.00 in a report on Wednesday, August 13th. Finally, Scotiabank decreased their price objective on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating for the company in a report on Thursday, August 14th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $218.42.

AvalonBay Communities Stock Performance

NYSE:AVB traded up $0.40 during trading hours on Wednesday, hitting $192.68. 781,026 shares of the company traded hands, compared to its average volume of 819,916. The stock has a market capitalization of $27.43 billion, a price-to-earnings ratio of 23.73, a P/E/G ratio of 2.78 and a beta of 0.87. AvalonBay Communities, Inc. has a twelve month low of $180.40 and a twelve month high of $239.29. The firm has a 50-day moving average of $194.32 and a 200 day moving average of $202.18. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71.

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, beating the consensus estimate of $2.80 by $0.02. The firm had revenue of $689.90 million during the quarter, compared to analysts' expectations of $759.08 million. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. During the same period in the prior year, the company 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. On average, analysts forecast 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.