Raymond James Financial Inc. Grows Position in AvalonBay Communities, Inc. $AVB

Key Points

• Raymond James Financial Inc. increased its stake in AvalonBay Communities by 1.3%, owning 161,952 shares valued at approximately $34.76 million as of the latest filing.
• Several hedge funds have also invested in AvalonBay Communities, with institutional investors collectively owning 92.61% of the company's stock.
• AvalonBay Communities reported a quarterly EPS of $2.82, slightly beating estimates, while analysts have lowered price targets for the stock, with a current average target of $225.64.

Raymond James Financial Inc. grew its stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 161,952 shares of the real estate investment trust's stock after purchasing an additional 2,142 shares during the period. Raymond James Financial Inc. owned about 0.11% of AvalonBay Communities worth $34,758,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Proathlete Wealth Management LLC purchased a new stake in AvalonBay Communities in the 1st quarter worth approximately $29,000. Opal Wealth Advisors LLC purchased a new stake in AvalonBay Communities in the 1st quarter worth approximately $33,000. Ancora Advisors LLC boosted its position in 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 worth $35,000 after purchasing an additional 150 shares in the last quarter. Zions Bancorporation National Association UT purchased a new stake in AvalonBay Communities in the 1st quarter worth approximately $50,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in AvalonBay Communities in the 4th quarter worth approximately $53,000. Hedge funds and other institutional investors own 92.61% of the company's stock.

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of the firm's 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 completion of the sale, the executive vice president directly owned 17,617 shares of the company's stock, valued at $3,623,288.39. This trade represents a 25.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin P. O'shea sold 6,000 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $207.57, for a total value of $1,245,420.00. Following the completion of the sale, the chief financial officer directly owned 22,782 shares of the company's stock, valued at $4,728,859.74. This trade represents a 20.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on AVB shares. Mizuho reiterated a "neutral" rating and set a $199.00 target price (down previously from $213.00) on shares of AvalonBay Communities in a research report on Thursday, August 14th. Royal Bank Of Canada decreased their target price on AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Evercore ISI decreased their target price on AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating on the stock in a research report on Tuesday, August 12th. Barclays decreased their target price on AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating on the stock in a research report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. decreased their target price on AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 17th. Six research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, AvalonBay Communities presently has a consensus rating of "Hold" and an average price target of $225.64.

AvalonBay Communities Stock Up 1.7%

NYSE AVB opened at $193.6250 on Friday. The business has a fifty day moving average price of $198.02 and a 200 day moving average price of $205.30. AvalonBay Communities, Inc. has a one year low of $180.40 and a one 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. The company has a market cap of $27.57 billion, a P/E ratio of 23.85, a P/E/G ratio of 2.77 and a beta of 0.86.

AvalonBay Communities (NYSE:AVB - Get Free Report) last posted its quarterly earnings data 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. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The firm had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. 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. Research analysts anticipate that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities 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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