UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Sells 1,588,632 Shares of AvalonBay Communities, Inc. $AVB

Key Points

• UBS AM sold 1,588,632 shares of AvalonBay Communities, reducing its holdings by 89.6%, now owning approximately 184,366 shares worth $39.57 million.
• AvalonBay Communities reported a Q2 EPS of $2.82, surpassing analysts' expectations, despite revenues of $689.90 million falling short of estimates.
• Analysts have varied in their ratings, with some downgrading the stock from hold to sell, while maintaining a consensus target price of $218.42.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lowered its holdings in shares of AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 89.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 184,366 shares of the real estate investment trust's stock after selling 1,588,632 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 0.13% of AvalonBay Communities worth $39,569,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. D. E. Shaw & Co. Inc. grew its holdings in shares of AvalonBay Communities by 8.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 4,094 shares of the real estate investment trust's stock worth $901,000 after purchasing an additional 323 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of AvalonBay Communities by 96.2% in the 4th quarter. Focus Partners Wealth now owns 4,463 shares of the real estate investment trust's stock worth $982,000 after purchasing an additional 2,188 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of AvalonBay Communities by 0.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,953 shares of the real estate investment trust's stock worth $5,929,000 after purchasing an additional 72 shares during the last quarter. ProShare Advisors LLC lifted its position in AvalonBay Communities by 6.6% during the 4th quarter. ProShare Advisors LLC now owns 33,033 shares of the real estate investment trust's stock worth $7,266,000 after buying an additional 2,034 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in AvalonBay Communities during the 4th quarter worth about $53,000. Institutional investors and hedge funds own 92.61% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AVB. Barclays reduced their price target on shares of 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. Wells Fargo & Company lowered their price target on AvalonBay Communities from $244.00 to $213.00 and set an "overweight" rating for the company in a research note on Wednesday, August 27th. Royal Bank Of Canada lowered their target price on AvalonBay Communities from $216.00 to $211.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. UBS Group cut their price objective on AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lowered their price objective 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. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, AvalonBay Communities has a consensus rating of "Hold" and an average price target of $218.42.

AvalonBay Communities Stock Performance

NYSE:AVB traded down $0.46 during trading on Friday, reaching $193.17. The company's stock had a trading volume of 1,878,908 shares, compared to its average volume of 761,469. 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 firm has a market cap of $27.50 billion, a price-to-earnings ratio of 23.79, a price-to-earnings-growth ratio of 2.79 and a beta of 0.87. AvalonBay Communities, Inc. has a 12 month low of $180.40 and a 12 month high of $239.29. The firm has a 50 day moving average of $193.81 and a 200-day moving average of $201.66.

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, topping 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 business had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. During the same quarter last 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 expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current fiscal year.

AvalonBay Communities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $1.75 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $7.00 annualized dividend and a dividend yield of 3.6%. AvalonBay Communities's payout ratio is currently 86.21%.

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.