United Services Automobile Association Acquires New Shares in AvalonBay Communities, Inc. $AVB

Key Points

• United Services Automobile Association acquired a new stake in AvalonBay Communities, purchasing 3,315 shares valued at approximately $708,000 in the first quarter.
• AvalonBay Communities reported an EPS of $2.82 for the last quarter, exceeding analyst expectations, but had revenue of $689.90 million, which fell short of the $759.08 million estimate.
• Institutional investors own approximately 92.61% of AvalonBay Communities' stock, highlighting the significant institutional interest in the real estate investment trust.

United Services Automobile Association purchased a new stake 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 & Exchange Commission. The firm purchased 3,315 shares of the real estate investment trust's stock, valued at approximately $708,000.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of AvalonBay Communities by 0.4% in the first quarter. Vanguard Group Inc. now owns 22,672,682 shares of the real estate investment trust's stock worth $4,866,011,000 after buying an additional 96,790 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in shares of AvalonBay Communities by 7.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,520,036 shares of the real estate investment trust's stock worth $1,184,712,000 after buying an additional 367,853 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of AvalonBay Communities by 3.9% in the first quarter. JPMorgan Chase & Co. now owns 3,814,430 shares of the real estate investment trust's stock worth $818,653,000 after buying an additional 143,646 shares during the period. Northern Trust Corp increased its holdings in shares of AvalonBay Communities by 5.2% in the first quarter. Northern Trust Corp now owns 2,779,484 shares of the real estate investment trust's stock worth $596,533,000 after buying an additional 136,741 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of AvalonBay Communities by 4.2% in the first quarter. Wellington Management Group LLP now owns 2,594,073 shares of the real estate investment trust's stock worth $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%

Shares of AVB stock traded down $1.45 during midday trading on Friday, reaching $195.38. 545,767 shares of the stock were exchanged, compared to its average volume of 779,975. AvalonBay Communities, Inc. has a 1 year low of $180.40 and a 1 year high of $239.29. The company's 50 day moving average is $194.70 and its two-hundred day moving average is $202.75. 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 firm has a market cap 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 issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $2.82 EPS for the quarter, topping analysts' consensus estimates of $2.80 by $0.02. AvalonBay Communities had a return on equity of 9.70% and a net margin of 38.91%.The firm had revenue of $689.90 million for the quarter, compared to analysts' expectations of $759.08 million. During the same period in the previous 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, equities research analysts predict that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Insider Activity at AvalonBay Communities

In other news, CFO Kevin P. O'shea sold 6,000 shares of the business's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $207.57, for a total value of $1,245,420.00. Following the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.45% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on AVB. 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 report on Tuesday, July 15th. Evercore ISI reduced their price target on AvalonBay Communities from $216.00 to $212.00 and set an "in-line" rating on the stock in a report on Tuesday, August 12th. 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 report on Wednesday, August 27th. Mizuho restated a "neutral" rating and set a $199.00 price target (down previously from $213.00) on shares of AvalonBay Communities in a report on Thursday, August 14th. Finally, Truist Financial upgraded AvalonBay Communities from a "hold" rating to a "buy" rating and reduced their price target for the company from $224.00 to $218.00 in a report on Thursday. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $218.08.

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.