AvalonBay Communities, Inc. $AVB Shares Bought by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its holdings in AvalonBay Communities, Inc. by 30.5%, owning 69,784 shares worth $14.98 million at the end of the most recent quarter.
• AvalonBay reported $2.82 earnings per share for the last quarter, exceeding estimates by $0.02, but its revenue of $689.90 million fell short of expectations.
• Recent analysis from brokerages reflects a consensus rating of "Hold" for AvalonBay shares, with an average price target of $223.43 following several target price reductions.

UniSuper Management Pty Ltd raised its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 30.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,784 shares of the real estate investment trust's stock after buying an additional 16,301 shares during the period. UniSuper Management Pty Ltd's holdings in AvalonBay Communities were worth $14,977,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in AvalonBay Communities by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 22,672,682 shares of the real estate investment trust's stock valued at $4,866,011,000 after buying an additional 96,790 shares during the period. Price T Rowe Associates Inc. MD boosted its position in AvalonBay Communities by 7.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust's stock valued at $1,184,712,000 after buying an additional 367,853 shares during the period. JPMorgan Chase & Co. boosted its position in AvalonBay Communities by 3.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust's stock valued at $818,653,000 after buying an additional 143,646 shares during the period. Northern Trust Corp boosted its position in AvalonBay Communities by 5.2% in the 1st quarter. Northern Trust Corp now owns 2,779,484 shares of the real estate investment trust's stock valued at $596,533,000 after buying an additional 136,741 shares during the period. Finally, Wellington Management Group LLP boosted its position in AvalonBay Communities by 4.2% in the 1st quarter. Wellington Management Group LLP now owns 2,594,073 shares of the real estate investment trust's stock valued at $556,740,000 after buying an additional 105,098 shares during the period. Hedge funds and other institutional investors own 92.61% of the company's stock.

AvalonBay Communities Stock Down 0.7%

NYSE:AVB traded down $1.45 during midday trading on Friday, hitting $195.38. 545,767 shares of the company were exchanged, compared to its average volume of 779,975. The company has a fifty day simple moving average of $194.70 and a 200 day simple moving average of $202.62. AvalonBay Communities, Inc. has a fifty-two week low of $180.40 and a fifty-two week high of $239.29. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $27.82 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 2.83 and a beta of 0.87.

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 EPS for the quarter, topping the consensus estimate of $2.80 by $0.02. The firm had revenue of $689.90 million for the quarter, compared to analyst estimates 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 last year, the business 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. As a group, equities analysts anticipate that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in 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 report on Friday, August 1st. Scotiabank reduced their price objective on shares of AvalonBay Communities from $236.00 to $226.00 and set a "sector perform" rating on the stock in a report on Thursday, August 14th. Mizuho restated a "neutral" rating and issued a $199.00 price objective (down from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Morgan Stanley upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and reduced their price objective for the company from $228.00 to $225.00 in a report on Wednesday, August 13th. Finally, UBS Group cut their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 15th. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $218.08.

Insider Buying and Selling

In other AvalonBay Communities 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 transaction, the chief financial officer directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.45% of the company's stock.

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.