Twin Tree Management LP Makes New Investment in AvalonBay Communities, Inc. $AVB

Key Points

• Twin Tree Management LP acquired a new stake in AvalonBay Communities, Inc., purchasing 3,308 shares valued at approximately $710,000 during the 1st quarter.
• AvalonBay Communities reported $2.82 earnings per share for the last quarter, exceeding the consensus estimate of $2.80, despite a revenue of $689.90 million which was below the expected $759.08 million.
• Recent insider sales included CFO Kevin P. O'shea selling 6,000 shares, resulting in a 20.85% decrease in his total holdings of AvalonBay stock.

Twin Tree Management LP acquired a new stake in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 3,308 shares of the real estate investment trust's stock, valued at approximately $710,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Baker Tilly Wealth Management LLC lifted its position in shares of AvalonBay Communities by 1.8% in the first quarter. Baker Tilly Wealth Management LLC now owns 3,247 shares of the real estate investment trust's stock valued at $697,000 after acquiring an additional 58 shares in the last quarter. Golden State Equity Partners lifted its position in shares of AvalonBay Communities by 3.7% in the first quarter. Golden State Equity Partners now owns 1,661 shares of the real estate investment trust's stock valued at $356,000 after acquiring an additional 60 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of AvalonBay Communities by 1.0% in the first quarter. Benjamin Edwards Inc. now owns 6,417 shares of the real estate investment trust's stock valued at $1,377,000 after acquiring an additional 64 shares in the last quarter. Roundview Capital LLC lifted its position in shares of AvalonBay Communities by 1.7% in the first quarter. Roundview Capital LLC now owns 3,950 shares of the real estate investment trust's stock valued at $848,000 after acquiring an additional 66 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of AvalonBay Communities by 0.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,953 shares of the real estate investment trust's stock valued at $5,929,000 after acquiring an additional 72 shares in the last quarter. 92.61% of the stock is currently owned by hedge funds and other institutional investors.

AvalonBay Communities Trading Up 1.4%

Shares of AVB stock traded up $2.66 during mid-day trading on Friday, reaching $195.38. The company's stock had a trading volume of 600,390 shares, compared to its average volume of 816,002. The company's 50 day simple moving average is $195.54 and its 200-day simple moving average is $203.62. AvalonBay Communities, Inc. has a 12-month low of $180.40 and a 12-month high of $239.29. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $27.82 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.78 and a beta of 0.87.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, beating analysts' consensus estimates of $2.80 by $0.02. AvalonBay Communities had a net margin of 38.91% and a return on equity of 9.70%. The business had revenue of $689.90 million for the quarter, compared to the consensus estimate of $759.08 million. During the same quarter last year, the firm 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. On average, research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Evercore ISI reduced their price objective 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. Morgan Stanley raised AvalonBay Communities from an "equal weight" rating to an "overweight" rating and reduced their price target for the stock from $228.00 to $225.00 in a research note on Wednesday, August 13th. UBS Group reduced their price target on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Royal Bank Of Canada reduced their price target on AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Finally, Wells Fargo & Company reduced their price target on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 27th. Six equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, AvalonBay Communities has an average rating of "Hold" and an average price target of $223.43.

Insiders Place Their Bets

In related news, 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 sale, the chief financial officer owned 22,782 shares in the company, valued at approximately $4,728,859.74. The trade was a 20.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $1,222,708.15. Following the completion of the sale, the executive vice president owned 17,617 shares of the company's stock, valued at approximately $3,623,288.39. This trade represents a 25.23% decrease in their position. The disclosure for this sale can be found here. 0.45% of the stock is currently owned by insiders.

AvalonBay Communities Company 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.