Van Lanschot Kempen Investment Management N.V. Increases Position in AvalonBay Communities, Inc. $AVB

Key Points

• Van Lanschot Kempen Investment Management N.V. significantly increased its stake in AvalonBay Communities, Inc. by 75.5% during the first quarter, resulting in ownership of 75,581 shares valued at approximately $16.2 million.
• AvalonBay Communities recently reported earnings per share (EPS) of $2.82 for the last quarter, exceeding expectations, although revenue fell short of analysts' forecasts at $689.9 million.
• Institutional investors hold a substantial 92.61% of AvalonBay Communities' stock, highlighting strong institutional interest in the real estate investment trust.

Van Lanschot Kempen Investment Management N.V. raised its position in AvalonBay Communities, Inc. (NYSE:AVB - Free Report) by 75.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,581 shares of the real estate investment trust's stock after purchasing an additional 32,517 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.05% of AvalonBay Communities worth $16,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BI Asset Management Fondsmaeglerselskab A S raised its position in AvalonBay Communities by 9.2% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 5,722 shares of the real estate investment trust's stock valued at $1,228,000 after purchasing an additional 480 shares during the period. Hsbc Holdings PLC raised its position in AvalonBay Communities by 4.9% in the first quarter. Hsbc Holdings PLC now owns 633,631 shares of the real estate investment trust's stock valued at $135,904,000 after purchasing an additional 29,621 shares during the period. Bank OZK raised its position in AvalonBay Communities by 9.8% in the first quarter. Bank OZK now owns 8,743 shares of the real estate investment trust's stock valued at $1,876,000 after purchasing an additional 781 shares during the period. Quantbot Technologies LP raised its position in AvalonBay Communities by 287.7% in the first quarter. Quantbot Technologies LP now owns 7,781 shares of the real estate investment trust's stock valued at $1,670,000 after purchasing an additional 5,774 shares during the period. Finally, RWA Wealth Partners LLC raised its position in AvalonBay Communities by 1.2% in the first quarter. RWA Wealth Partners LLC now owns 22,677 shares of the real estate investment trust's stock valued at $4,867,000 after purchasing an additional 259 shares during the period. Hedge funds and other institutional investors own 92.61% of the company's stock.

Insider Buying and Selling at AvalonBay Communities

In other news, CFO Kevin P. O'shea sold 6,000 shares of the company's stock in a transaction dated 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 directly owned 22,782 shares of the company's stock, valued at approximately $4,728,859.74. This represents 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 hyperlink. Also, EVP Edward M. Schulman sold 5,945 shares of the company's stock in a transaction dated Friday, June 13th. The shares were 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 directly owned 17,617 shares of the company's stock, valued at $3,623,288.39. The trade was a 25.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.48% of the company's stock.

AvalonBay Communities Stock Performance

NYSE AVB traded down $2.01 during trading hours on Monday, hitting $191.61. The company had a trading volume of 139,817 shares, compared to its average volume of 819,692. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.70 and a current ratio of 0.70. AvalonBay Communities, Inc. has a 1-year low of $180.40 and a 1-year high of $239.29. The company has a market cap of $27.28 billion, a PE ratio of 23.59, a price-to-earnings-growth ratio of 2.77 and a beta of 0.86. The business has a 50 day moving average of $198.02 and a 200-day moving average of $205.18.

AvalonBay Communities (NYSE:AVB - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $2.82 earnings per share (EPS) for the quarter, beating 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 company had revenue of $689.90 million during the quarter, compared to the consensus estimate of $759.08 million. During the same quarter in the prior year, the firm posted $2.77 earnings per share. 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 research analysts expect that AvalonBay Communities, Inc. will post 11.48 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI cut their target price 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 upgraded shares of AvalonBay Communities from an "equal weight" rating to an "overweight" rating and dropped their price target for the stock from $228.00 to $225.00 in a research note on Wednesday, August 13th. Barclays dropped their price target on shares of AvalonBay Communities from $241.00 to $228.00 and set an "equal weight" rating for the company in a research note on Tuesday, August 12th. Wall Street Zen upgraded shares of AvalonBay Communities from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, UBS Group dropped their price target on shares of AvalonBay Communities from $238.00 to $216.00 and set a "neutral" rating for the company in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, AvalonBay Communities presently has an average rating of "Hold" and an average price target of $225.64.

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.