UniSuper Management Pty Ltd Has $14.98 Million Holdings in AvalonBay Communities, Inc. $AVB

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 grew its holdings in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 30.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 69,784 shares of the real estate investment trust's stock after purchasing an additional 16,301 shares during the period. UniSuper Management Pty Ltd's holdings in AvalonBay Communities were worth $14,977,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AVB. Captrust Financial Advisors increased its holdings in AvalonBay Communities by 10.2% during the fourth quarter. Captrust Financial Advisors now owns 4,838 shares of the real estate investment trust's stock worth $1,064,000 after buying an additional 447 shares during the last quarter. Cetera Investment Advisers increased its holdings in AvalonBay Communities by 0.8% during the fourth quarter. Cetera Investment Advisers now owns 17,819 shares of the real estate investment trust's stock worth $3,920,000 after buying an additional 133 shares during the last quarter. Cresset Asset Management LLC acquired a new position in AvalonBay Communities during the fourth quarter worth $229,000. CoreCap Advisors LLC increased its holdings in AvalonBay Communities by 58.9% during the fourth quarter. CoreCap Advisors LLC now owns 251 shares of the real estate investment trust's stock worth $55,000 after buying an additional 93 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. increased its holdings in AvalonBay Communities by 8.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 4,094 shares of the real estate investment trust's stock worth $901,000 after buying an additional 323 shares during the last quarter. 92.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other AvalonBay Communities news, EVP Edward M. Schulman sold 5,945 shares of AvalonBay Communities stock in a transaction dated Friday, June 13th. The shares were 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 owned 17,617 shares in the company, valued at $3,623,288.39. The trade was a 25.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin P. O'shea sold 6,000 shares of AvalonBay Communities stock in a transaction dated 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 completion of the sale, the chief financial officer owned 22,782 shares of the company's stock, valued at $4,728,859.74. This trade represents a 20.85% decrease in their position. The disclosure for this sale can be found here. 0.48% of the stock is owned by insiders.

AvalonBay Communities Price Performance

NYSE:AVB opened at $195.38 on Monday. AvalonBay Communities, Inc. has a 52 week low of $180.40 and a 52 week 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 firm's 50-day simple moving average is $195.54 and its 200 day simple moving average is $203.41. The firm has a market cap of $27.82 billion, a price-to-earnings ratio of 24.06, a P/E/G ratio of 2.81 and a beta of 0.87.

AvalonBay Communities (NYSE:AVB - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $689.90 million during the quarter, compared to analysts' expectations of $759.08 million. During the same quarter in the previous 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. As a group, sell-side analysts predict that AvalonBay Communities, Inc. will post 11.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AVB. Piper Sandler restated a "neutral" rating and set a $200.00 target price (down from $255.00) on shares of AvalonBay Communities in a report on Monday, August 4th. JPMorgan Chase & Co. lowered their target price on shares of AvalonBay Communities from $251.00 to $249.00 and set an "overweight" rating on the stock in a report on Tuesday, June 17th. Royal Bank Of Canada lowered their target price 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. Barclays reduced their price objective on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating for the company in a research report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Six investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $223.43.

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.

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