Retirement Planning Co of New England Inc. Takes Position in AvalonBay Communities, Inc. $AVB

Key Points

• Retirement Planning Co of New England Inc. acquired 2,390 shares of AvalonBay Communities, Inc. for approximately $513,000, according to their recent SEC filing.
• AvalonBay Communities, Inc. reported earnings of $2.82 EPS, slightly surpassing analysts' expectations of $2.80 EPS, despite revenue being below expectations.
• Research analysts have adjusted their price targets for AvalonBay Communities, with Barclays lowering it from $241.00 to $228.00, indicating mixed sentiments toward the stock.

Retirement Planning Co of New England Inc. bought a new position in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,390 shares of the real estate investment trust's stock, valued at approximately $513,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC bought a new stake in AvalonBay Communities during the 1st quarter worth approximately $29,000. Opal Wealth Advisors LLC bought a new stake in AvalonBay Communities during the 1st quarter worth approximately $33,000. Ancora Advisors LLC raised its stake in AvalonBay Communities by 1,666.7% during the 4th quarter. Ancora Advisors LLC now owns 159 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 150 shares during the period. Keystone Global Partners LLC bought a new stake in AvalonBay Communities during the 1st quarter worth approximately $45,000. Finally, Zions Bancorporation National Association UT bought a new stake in AvalonBay Communities during the 1st quarter worth approximately $50,000. Institutional investors own 92.61% of the company's stock.

AvalonBay Communities Price Performance

AVB traded up $2.66 during trading hours on Friday, hitting $195.38. The company's stock had a trading volume of 600,390 shares, compared to its average volume of 816,002. The business's 50-day moving average price is $195.54 and its 200-day moving average price is $203.62. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The stock has a market cap of $27.82 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 2.78 and a beta of 0.87. 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 announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The company had revenue of $689.90 million for the quarter, compared to analysts' expectations of $759.08 million. During the same quarter in the previous year, the business posted $2.77 earnings per share. AvalonBay Communities has set its FY 2025 guidance at 11.190-11.590 EPS. Q3 2025 guidance at 2.750-2.850 EPS. Sell-side analysts expect that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AVB shares. Royal Bank Of Canada reduced their price objective on shares of 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. Piper Sandler reiterated a "neutral" rating and set a $200.00 price objective (down previously from $255.00) on shares of AvalonBay Communities in a research report on Monday, August 4th. Wall Street Zen upgraded shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. JPMorgan Chase & Co. reduced their price objective on shares of AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a research report on Tuesday, June 17th. Finally, UBS Group reduced their price objective on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 15th. Six equities 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.com, the company has an average rating of "Hold" and a consensus price target of $223.43.

Insider Buying and Selling at AvalonBay Communities

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction 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 completion of the transaction, the executive vice president directly owned 17,617 shares of the company's stock, valued at $3,623,288.39. The trade was a 25.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was 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 $4,728,859.74. The trade was 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 owned by insiders.

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.